{"url_path":"/sec/tlk/10-k/2026/item-6","section_key":"item-6","section_title":"Item 6 **              **DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1001807/0001104659-26-062051-index.html","accession_number":"0001104659-26-062051","cik":"0001001807","ticker":"TLK","issuer_name":"PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK","edgar_url":"https://www.sec.gov/Archives/edgar/data/1001807/0001104659-26-062051-index.html","primary_entity_key":"0001001807","primary_entity_name":"PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK"},"word_count":8191,"has_tables":true,"body_markdown":"**ITEM 6.**              **DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES**\n\nA.**DIRECTORS AND SENIOR MANAGEMENT**\n\nIn accordance with Law No. 40 of 2007 on Limited Liability Companies (as amended by the Job Creation Law, the “**Indonesian Company Law**”) and OJK Regulation No. 33/POJK.04/2014 on the Board of Directors and the Board of Commissioners of Issuers or Public Companies (“**OJK Regulation No 33/2014**”), we have a Board of Commissioners and a Board of Directors. These boards are separate and no individual may be a member of both boards.\n\nThe members of the Board of Commissioners and Board of Directors are elected and dismissed by shareholders' resolutions at a GMS. As stated in our Articles of Association, to be elected, candidates must be nominated and approved by the Government as the holder of the Dwiwarna Share. The term of office for each Commissioner and Director commences at the closing of the GMS which appoints such Commissioner or Director or such other time as specified by such GMS, and terminates at the closing of the fifth AGMS held after his/her appointment. Shareholders, through a GMS, have the right to discharge a Commissioner or Director at any time before the expiration of his or her term of office.\n\n**Board of Commissioners**\n\n​\n\nOur Board of Commissioners is responsible for supervising and advising the Board of Directors. Our Board of Commissioners consists of eight members, one of whom is designated as the President Commissioner.\n\nAs of December 31, 2025, the Board of Commissioners consisted of eight members as listed below:\n\n​\n\n**Name**\n\n**Age**\n\n**Commissioner**\n\n**since**\n\n**Date of Expiration of Term**\n\n**Terms Served in Office**\n\n**Position**\n\nAngga Raka Prabowo\n\n36\n\n2025\n\n2030\n\n1\n\nPresident Commissioner\n\nSilmy Karim\n\n51\n\n2023\n\n2028\n\n1\n\nCommissioner\n\nRizal Malarangeng\n\n61\n\n2025\n\n2030\n\n2\n\nCommissioner\n\nOssy Dermawan\n\n49\n\n2025\n\n2030\n\n1\n\nCommissioner\n\nRionald Silaban\n\n60\n\n2025\n\n2030\n\n1\n\nCommissioner\n\nDeswandhy Agusman\n\n66\n\n2025\n\n2030\n\n1\n\nIndependent Commissioner\n\nIra Noviarti\n\n54\n\n2025\n\n2030\n\n1\n\nIndependent Commissioner\n\nRofikoh Rokhim\n\n55\n\n2025\n\n2030\n\n1\n\nIndependent Commissioner\n\n​\n\nEach of our Commissioners was a citizen of and domiciled in Indonesia as of December 31, 2025. In accordance with OJK Regulation No. 33/2014 which requires 30% of our Board of Commissioners to be independent, three\n\n147\n\n[Table of Contents](#TOC)\n\nCommissioners have been designated as Independent Commissioners. Our Independent Commissioners are Deswandhy Agusman, Ira Noviarti, and Rofikoh Rokhim.\n\nThe principal duty of our Independent Commissioners, in addition to exercising supervision, is to represent the interests of minority shareholders.\n\nSet forth below is a brief biography of each of our Commissioners:\n\n*Angga Raka Prabowo* assumed the role of President Commissioner in May 2025. He currently serves as Deputy Minister of Communications and Digital Affairs since October 2024. He has held several positions, including President Commissioner of PT Media Pandu Bangsa since 2024, President Commissioner of PT Aneka Rupa Pangan since 2022, and Secretary of Yayasan Pendidikan Kebangsaan Republik Indonesia. He holds a bachelor's degree in International Relations from Universitas Jayabaya, Indonesia (2011).\n\n*Silmy Karim* assumed the role of Commissioner in May 2023. He currently serves as Vice Minister of Immigration and Correctional Affairs. Previously, he served as Director General of Immigration at the Ministry of Law and Human Rights (2023–2024). Previously, he served as President Director of Krakatau Steel (2018–2023), Commissioner of PT GE Power Solution Indonesia (2016–2019), President Director of PT Barata Indonesia (Persero) (2016–2018), President Commissioner of MAN Diesel and Turbo Indonesia (2015–2016), President Director of PT Pindad (Persero) (2014–2016), Commissioner of PT PAL Indonesia (Persero) (2011–2014), various leadership positions at the Ministry of Defense (2007–2014), Advisor on economic affairs at Badan Intelijen Negara (2013–2015), and Special Advisor at the Indonesian Investment Coordinating Board (2010–2011). He holds a master's degree in economics from Universitas Indonesia, Indonesia (2007), and a bachelor's degree in economics from Universitas Trisakti, Indonesia (1997).\n\n*Rizal Malarangeng* assumed the role of Commissioner in June 2020. He has also served as Commissioner of PT Energi Mega Persada since 2021. Previously, he served as Executive Director of Freedom Institute (2001–2020), Founder of Freedom Corp. (2016), and Founder of Fox Indonesia (2009). He holds a bachelor's degree in communication science from Universitas Gadjah Mada, Yogyakarta (1990), a master's degree in comparative politics from Ohio State University, United States (1994), and a doctoral degree in comparative politics from Ohio State University, United States (2000).\n\n*Ossy Dermawan* assumed the role of Commissioner in May 2025. He currently serves as Deputy Minister for Land Affairs and Spatial Planning/Deputy Head of the National Land Agency within the Ministry of Agrarian Affairs and Spatial Planning and has held several positions, including Executive Director of Museum SBY Ani since 2020 and Manager of LavAni Volleyball Club since 2019. He holds a Master of Science from RSIS, Nanyang Technological University (NTU), Singapore (2014), and a bachelor's degree in science from Norwich University, Vermont, USA (2000).\n\n*Rionald Silaban*assumed the role of Commissioner in May 2025. He has held several positions, including Assistant to the Minister for Macroeconomic and International Finance at the Ministry of Finance (2016–2018) and Head of the Financial Education and Training Agency at the Ministry of Finance (2018–2021). He holds a master's degree in law from Georgetown University, USA (1993) and a bachelor's degree in law from Universitas Indonesia, Indonesia (1989).\n\n*Deswandhy Agusman* assumed the role of Independent Commissioner in May 2025. He currently serves as Independent Commissioner of PT Berau Coal Energy Tbk. Previously, he served as Commissioner at PT Maybank Sekuritas Indonesia (2015), Independent Commissioner of PT Maybank Indonesia Finance (2015–2024), Senior Advisor at PT Permodalan Nasional Madani Venture Capital (2013–2023), and Independent Commissioner of PT Bank Tabungan Negara Tbk (2010–2012). He holds a bachelor's degree in Civil Engineering from Institut Teknologi Bandung, Indonesia (1985) and a Master of Business Administration from the University of Denver, Colorado, USA (1988).\n\n*Ira Noviarti* assumed the role of Independent Commissioner in May 2025. She currently serves as Strategic Advisor to Global Private Equity (2025). Previously, she served as Director of Beauty and Personal Care at PT Unilever Indonesia Tbk (2017–2020), Managing Director for Unilever Food Solutions South East Asia (2015–2017), and Director\n\n148\n\n[Table of Contents](#TOC)\n\nof Ice Cream, Media, and Consumer Market Insight at Unilever Indonesia (2010–2015). She holds a Bachelor of Economics, majoring in financial accounting, from Universitas Indonesia, Indonesia (1995).\n\n*Rofikoh Rokhim* assumed the role of Independent Commissioner in December 2025. She currently serves as President Commissioner of PT Trimegah Sekuritas Indonesia since 2025, Member of the Corporate Assessment Committee at the Indonesia Stock Exchange (2023), and Head of Master Program in Management, Faculty of Economics and Business, Universitas Indonesia. Previously, she served as Vice President Commissioner of PT Bank Rakyat Indonesia (2017–2025), Advisor and Expert on the Ultra Micro Program at PT Permodalan Nasional Madani (PNM) (2017–2019), President Commissioner of PT Hotel Indonesia Natour (2015–2017), member of the National Task Force on the Village Fund at the Ministry of Village, Rural Development, Disadvantaged Regions, and Transmigration (2016–2017), member of the Policy, Organization, and Performance Committee (2015–2017), member of the National Task Force on Good Governance of Oil and Gas Business at the Ministry of Energy (2014–2015), Audit Committee Member of PT Pos Indonesia (2014–2015), and member of the Risk and Investment Committee of PT Pos Indonesia (2012–2014). She holds a Ph.D. in Economics (applied macro and micro economics, development studies in finance) from the Université de Paris 1 Panthéon-Sorbonne, Paris, France (2002–2005); a post-graduate D.E.A. (M.Phil.) in International and Development Economics from the Université de Paris 1 Panthéon-Sorbonne, Paris, France (2001–2002); a post-graduate Master of Specialization in Public Finance from the Institut International d'Administration Publique (IIAP)–École Nationale d'Administration (ENA), Paris, France (1999–2000); a B.A. in Public Administration from Universitas Gadjah Mada, Yogyakarta, Indonesia (1990–1994); and B.A. in Management Economics, Universitas Islam Indonesia, Yogyakarta (1990).\n\n**Board of Directors**\n\nOur Board of Directors is responsible for our overall management and day-to-day operations under the supervision of the Board of Commissioners. The Board of Directors consists of nine members, including a President Director.\n\nThe following table sets forth the functions and authority of our Directors.\n\n**Role**\n\n​\n\n**Functions and Authority**\n\nDirector of Enterprise and Business Service\n\n1.\n\nResponsible for the business strategy to drive disruptive competitive growth through winning competition and growing the enterprise digital segment business portfolio (enterprise, government and business).\n\n​\n\n2.\n\nOversees our holding scheme strategy by implementing strategic control, coordination and subsidiary performance management over the enterprise CFU, to create company value through optimizing and harmonizing relations between our Company and our subsidiaries and managing the operations of subsidiaries under the enterprise CFU.\n\nDirector of Wholesale and International Service\n\n1.\n\nResponsible for the business strategy to drive disruptive competitive growth through winning competitions and growing the wholesale and international segment business portfolio.\n\n​\n\n2.\n\nOversees our holding scheme strategy by implementing strategic control, coordination and subsidiary performance management over the wholesale and international CFU, to create company value through optimizing and harmonizing relations between our Company and our subsidiaries and managing the operations of subsidiaries under the wholesale and international CFU.\n\nDirector of IT Digital\n\n1.\n\nResponsible for developing and managing IT and digital products end-to-end by leveraging superior core IT and digital capabilities.\n\n​\n\n2.\n\nEnsuring the availability of strategic frameworks, policies, governance structures, and implementation mechanisms for digital IT to maximize value creation and harmonize the management of IT and digital products as well as IT functions within the TelkomGroup.\n\nDirector of Network\n\n1.\n\nResponsible for strategy, technology, network architecture, IT networks, advanced networks, cybersecurity, and the roadmap for digital connectivity and cybersecurity services to enhance our capabilities in driving business growth through the provision of infrastructure and services, including the management of network assets.\n\n149\n\n[Table of Contents](#TOC)\n\n**Role**\n\n​\n\n**Functions and Authority**\n\n​\n\n2.\n\nConducting network and IT infrastructure transformation, advanced networking, and cybersecurity within the TelkomGroup to improve operational management efficiency, with a focus on future network infrastructure investments aimed at supporting the TelkomGroup’s business.\n\nDirector of Strategic Business Development & Portfolio\n\n1.\n\nResponsible for creating value and driving business development for us through the management of end-to-end corporate strategy, as well as business development through investments, partnerships, and unlocking value in subsidiaries and/or affiliates of the TelkomGroup to achieve our strategic objectives, including the formation of a holding company, strengthening synergies, and transforming the business model.\n\nDirector of Finance and Risk Management\n\n1.\n\nResponsible for the formulation and availability of the corporate level strategy, including portfolio strategy and holding scheme strategy with regard to financial operations and procurement to encourage optimal financial performance and assets supply in realizing disruptive strategic growth within our Group.\n\n​\n\n2.\n\nUnless otherwise stipulated by the Board of Directors, the Director of Finance is acting as Telkom’s representative at shareholders' general meeting of Telkom’s subsidiaries.\n\n​\n\n3.\n\nOversees our parent company’s strategy over the financial functional unit for controlling asset management and asset leverage by implementing strategic control, coordination and subsidiary performance management, with the ultimate goal of creating company value through optimizing and harmonizing relations between our Company and our subsidiaries.\n\nDirector of Human Capital Management\n\n1.\n\nResponsible for disseminating our corporate strategy, including directional strategy, portfolio strategy and holding scheme strategy on aspects related to the development of human capital, employee organization, corporate culture, leadership architecture and industrial relations.\n\n​\n\n2.\n\nOversees human capital management within the TelkomGroup and supervises the Pension Fund and Telkom Foundation (Yayasan Telkom) by implementing strategic control, coordination and foundation performance management to create Company value through optimizing and harmonizing relations between our Company and our subsidiaries and managing the operations of subsidiaries under the human capital management functional unit.\n\nDirector of Legal & Compliance\n\n1.\n\nResponsible for comprehensive management of our legal, governance, and compliance matters, including serving as a strategist, steward, ambassador, and operator for the management of legal matters that support our business within the framework of governance, risk, and compliance (GRC).\n\n​\n\n2.\n\nAs policy control within the TelkomGroup, supported by the latest technology to ensure the implementation of GCG principles and compliance with laws and regulations and/or other relevant policies to support the achievement of the company’s strategic objectives.\n\nAs of December 31, 2025, the Board of Directors consisted of nine members as listed below:\n\n**Name**\n\n**Age**\n\n**Director**\n\n**since**\n\n**Date of Expiration of Term**\n\n**Terms Served in Office**\n\n**Position**\n\nDian Siswarini\n\n57\n\n2025\n\n2030\n\n1\n\nPresident Director1)\n\nNanang Hendarno\n\n57\n\n2025\n\n2030\n\n1\n\nDirector of Network\n\nVeranita Yosephine\n\n47\n\n2025\n\n2030\n\n1\n\nDirector of Enterprise and Business Service\n\nArthur Angelo Syailendra\n\n41\n\n2025\n\n2030\n\n1\n\nDirector of Finance and Risk Management2)\n\nWilly Saelan\n\n56\n\n2025\n\n2030\n\n1\n\nDirector of Human Capital Management\n\nSeno Soemadji\n\n56\n\n2025\n\n2030\n\n1\n\nDirector of Strategic Business Development & Portfolio\n\nFaizal Rochmad Djoemadi\n\n59\n\n2025\n\n2030\n\n1\n\nDirector of IT Digital\n\nAndy Kelana\n\n59\n\n2025\n\n2030\n\n1\n\nDirector of Legal & Compliance\n\nBudi Satria Dharma Purba\n\n52\n\n2025\n\n2030\n\n1\n\nDirector of Wholesale & International Service\n\n150\n\n[Table of Contents](#TOC)\n\nNotes:\n\n1)\n\nThis position is equivalent to Chief Executive Officer.\n\n2)\n\nThis position is equivalent to Chief Financial Officer.\n\nEach of our Directors was a citizen of and domiciled in Indonesia as of December 31, 2025. Set forth below is a brief biography of each of our Directors:\n\n*Dian Siswarini*assumed the role of President Director in May 2025. She previously served as President Director of PT XL Axiata Tbk (2015–2025), President Commissioner of PT Hypernet Indonesia (2022–2025), Commissioner of PT Link Net Indonesia (2014–2022), Group Chief Marketing and Operations Officer of PT XL Axiata Tbk (2014–2015), Director of Digital Services (2011–2014), and Director of Network Services at PT XL Axiata Tbk (2007–2011). Mrs. Siswarini holds a bachelor's degree in Electrical Engineering from Institut Teknologi Bandung, Indonesia (1991).\n\n*Nanang Hendarno* assumed the role of Director of Network in June 2025. He previously served as President Director of PT Infrastruktur Telekomunikasi Indonesia (2022–2025), Director of Technology at PT Telekomunikasi Indonesia International (2016–2022), and Executive General Manager of the Service Operation Division (2015–2016). Mr. Hendarno holds a bachelor's degree in Electrical Engineering from Institut Teknologi Sepuluh Nopember, Indonesia (1991), and a master's degree in Space Systems Engineering from the Delft University of Technology, Netherlands (1997).\n\n*Veranita Yosephine* assumed the role of Director of Enterprise and Business Service in June 2025. She previously served as President Director of AirAsia Indonesia (2019–2025), President Director of The Kraft Heinz Company (2017–2019), Director of Sales Development at Danone (2014–2017), Director of Sales at Danone (2010–2012), National Modern Trade Sales and Sales Development Senior Manager (2009), Sales Development Senior Manager at Danone (2008), Strategic Channel Manager at Danone (2006–2007), and Sales Manager at British American Tobacco Indonesia (2001–2006). Mrs. Yosephine holds a bachelor's degree in Industrial Engineering from Institut Teknologi Bandung, Indonesia (1996); an Executive Education in Strategy at Harvard Business School, United States (2009); and a master's degree in Business Administration from INSEAD (2015).\n\n*Arthur Angelo Syailendra*assumed the role of Director of Finance and Risk Management in June 2025. He previously served as Commissioner of PT Indesso Primatama (2022–2025), Director of EQT Group (2019–2021), Director and Co-Investor of PT Data Center Infrastructure Indonesia (2016–2018), Partner, Investment Management and Advisory at Sternbridge Partners (2014–2019), Senior Advisor to Shareholders of PT Mitra Pinasthika Mustika Tbk (2012–2014), Senior Associate at Affinity Equity Partners (2009–2012), and Investment Banking Analyst at Morgan Stanley (2009). Mr. Syailendra holds a bachelor's degree in Industrial and Operations Engineering from the University of Michigan, United States (2006) and a master's degree in Management Science and Engineering in Economics and Finance (2007) from Stanford University, United States.\n\n*Willy Saelan* assumed the role of Director of Human Capital Management in September 2025. He previously served as Director of Human Resources at PT Unilever Indonesia Tbk (2015–2025). Mr. Saelan holds a bachelor's degree in social and political sciences from Universitas Padjadjaran, Indonesia (1994) and a master's degree in Human Resource Management from the University of Leeds, United Kingdom (1997).\n\n*Seno Soemadji* assumed the role of Director of Strategic Development and Portfolio in June 2025. He previously served as Executive Vice President of Indosat Ooredoo Hutchison Technology and Business (2023–2025), Managing Director of Communication, Media and Technology at Accenture (2020–2023), Country Manager of TIBCO Software (2017–2020), Director of Key Accounts at Oracle (2012–2017), and Practice Manager at IBM (2009–2012). Mr. Soemadji holds a bachelor's degree in Accounting from Universitas Indonesia, Indonesia and a master's degree in Business Administration from Institut Teknologi Bandung, Indonesia (2020).\n\n*Faizal Rochmad Djoemadi*assumed the role of Director of IT and Digital in June 2025. He previously served as President Director of PT Pos Indonesia (2020–2025), Director of Digital Business at PT Telkom Indonesia (Persero) Tbk (2019–2020), President Commissioner of Metranet (2019–2020), President Director of PT Telekomunikasi Indonesia Internasional (2015–2019), Commissioner of PT Dayamitra Telekomunikasi (2015–2016), Executive Vice President of\n\n151\n\n[Table of Contents](#TOC)\n\nWholesale Services at PT Telkom Indonesia (Persero) Tbk (2015–2016), and Commissioner of PT Patra Telekomunikasi Indonesia (2013–2015). Mr. Djoemadi holds a bachelor's degree in Electrical Engineering from Institut Teknologi Sepuluh Nopember, Indonesia (1991); a master's degree in Science in Electrical and Electronics Engineering from the University of Saskatchewan, Canada (1998); and a doctoral degree in Human Resources from Universitas Brawijaya, Indonesia (2019).\n\n*Andy Kelana* assumed the role of Director of Legal and Compliance in September 2025. He previously served as Commissioner of PT Multistrada Arah Sarana Tbk (2019–2025) and Director of PT American Express Indonesia (2009–2017). Mr. Kelana holds a bachelor's degree in law from Universitas Katolik Parahyangan, Bandung, Indonesia (1989); a master's degree in laws from Indiana University Bloomington, United States (1992); and a master's degree in Business Administration in Finance from the University of Hawaii, United States (1994).\n\n*Budi Satria Dharma Purba* assumed the role of Director of Wholesale and International Service in December 2025. He previously served as President Director of PT Telekomunikasi Indonesia Internasional (2021–2025), Director and Chief Commercial Officer of PT Telekomunikasi Indonesia Internasional (2016–2021), Chairman of Telekomunikasi Indonesia International (Hong Kong) Ltd. (2017–2023), Director of Telekomunikasi Indonesia International (Timor-Leste) S.A. (2018–2019), Director of Telekomunikasi Indonesia International (Malaysia) Sdn. Bhd. (2013–2019), Director of Contact Center Australia (2015–2016), Commissioner of PT Telekomunikasi Indonesia Internasional (2016–2018), Director of Telekomunikasi Indonesia International (USA) Inc. (2013–2018), Vice President of Wholesale and International Network Services at PT Telkom Indonesia (Persero) Tbk (2012–2016), and Vice President of Carrier Relations and Sales at the Marketing and Sales Division of PT Telekomunikasi Indonesia International (2008–2012). Mr. Purba holds a bachelor's degree in Telecommunications Engineering from Sekolah Tinggi Teknologi Telkom, Indonesia (1991–1995) and a master's degree in Telecommunications Engineering from RMIT University, Melbourne, Australia (1995–1997).\n\nOther than as provided for under our Articles of Association, none of our Commissioners or Directors has any arrangement or understanding with any major shareholder, customer, supplier or with us pursuant to which such person was selected as a Commissioner or Director, nor are any such arrangements, understanding or contracts proposed or under consideration. There is no family relationship between or among any of the Commissioners or Directors listed above. The business address of our Commissioners and Directors is Jl. Jend. Gatot Subroto Kav. 52 Jakarta - 12710, Indonesia.\n\nB.**COMPENSATION**\n\n**Compensation of Commissioners and Directors**\n\nCompensation of Commissioners and Directors are determined by the shareholders at the GMS, who grant authority and authorization to the Board of Commissioners, with prior approval from the holder of the Dwiwarna Share, to decide on the amount of tantiem which will be given to the members of Board of Directors and Board of Commissioners for the fiscal year ended December 31, 2025, and also for the amount of the salary or honorarium, including facilities and allowances for the members of Board of Directors and Board of Commissioners for the fiscal year ended December 31, 2025. The Nomination and Remuneration Committee is responsible for formulating the honorarium of our Commissioners and Directors, which is further discussed in a joint meeting of our Board of Directors and Board of Commissioners for approval.\n\nEach Commissioner is entitled to monthly remuneration and benefits. They are also entitled to bonuses based on our business performance and achievements.\n\nEach Director is entitled to a remuneration consisting of a monthly salary and other allowances. Directors also receive an annual bonus based on our business performance and achievements. The bonus and incentive are budgeted every year based on a formula prepared by the Nomination and Remuneration Committee and confirmation from the Board of Commissioners before being considered by shareholders at the GMS.\n\n152\n\n[Table of Contents](#TOC)\n\nIn accordance with regulations relating to SOEs in Indonesia, all our Commissioners and Directors are entitled to post-employment benefits, including an insurance scheme into which we are required to contribute up to 25% of the salary of our Commissioners and Directors. There are no service contracts providing for benefits to be provided for our Directors or Commissioners upon their termination as Directors or Commissioners. We also provide our Commissioners and Directors with long-term incentives in the form of shares or for our Independent Commissioners in the form of cash.\n\nWe budgeted incentives for the current year but will distribute such incentives in the following year after the publication of our Consolidated Financial Statements and having the approval in a GMS. We only distribute cash incentives if we achieve certain performance targets.\n\nFor 2025, the total remuneration paid to the entire Board of Commissioners was Rp23,766 million. The table below sets forth the remuneration paid to our Commissioners received in 2025:\n\n**Commissioners**\n\n**Honorarium**\n\n**Religious Holiday**\n\n**Allowances**\n\n**Transport**\n\n**Allowances**\n\n**Tantiem**\n\n**Total**\n\n**(Rupiah)**\n\nBambang Permadi Soemantri Brodjonegoro1)\n\n799,200,000\n\n199,800,000\n\n159,840,000\n\n-\n\n1,158,840,000\n\nWawan Iriawan1)\n\n899,100,000\n\n179,820,000\n\n179,820,000\n\n-\n\n1,258,740,000\n\nBono Daru Adji1)\n\n899,100,000\n\n179,820,000\n\n179,820,000\n\n-\n\n1,258,740,000\n\nArya Mahendra Sinulingga1)\n\n899,100,000\n\n179,820,000\n\n179,820,000\n\n-\n\n1,258,740,000\n\nIsa Rachmatarwata1)\n\n899,100,000\n\n179,820,000\n\n179,820,000\n\n-\n\n1,258,740,000\n\nMarcelino Rumambo Pandin1)\n\n899,100,000\n\n179,820,000\n\n179,820,000\n\n-\n\n1,258,740,000\n\nIsmail3)\n\n1,618,380,000\n\n179,820,000\n\n323,676,000\n\n-\n\n2,121,876,000\n\nSilmy Karim\n\n2,157,840,000\n\n179,820,000\n\n431,568,000\n\n-\n\n2,769,228,000\n\nRizal Malarangeng\n\n2,157,840,000\n\n179,820,000\n\n431,568,000\n\n-\n\n2,769,228,000\n\nAngga Raka Prabowo2)\n\n1,430,825,806\n\n-\n\n286,165,161\n\n-\n\n1,716,990,968\n\nOssy Dermawan2)\n\n1,287,743,226\n\n-\n\n257,548,645\n\n-\n\n1,545,291,871\n\nRionald Silaban2)\n\n1,287,743,226\n\n-\n\n257,548,645\n\n-\n\n1,545,291,871\n\nYohanes Surya5)\n\n1,171,730,323\n\n-\n\n234,346,064\n\n-\n\n1,406,076,387\n\nDeswandhy Agusman2)\n\n1,287,743,226\n\n-\n\n257,548,645\n\n-\n\n1,545,291,871\n\nIra Noviarti4)\n\n629,370,000\n\n-\n\n125,874,000\n\n-\n\n755,244,000\n\nRofikoh Rokhim6)\n\n116,012,903\n\n-\n\n23,202,581\n\n-\n\n139,215,484\n\n**Total**\n\n**18,439,928,710**\n\n**1,638,360,000**\n\n**3,687,985,741**\n\n**-**\n\n**23,766,274,451**\n\n​\n\nNotes:\n\n•\n\nRemuneration includes income tax.\n\n1)\n\nHonorarium and allowance for January-May 2025.\n\n2)\n\nHonorarium and allowance for June-December 2025.\n\n3)\n\nHonorarium and allowance for January-September 16, 2025.\n\n4)\n\nHonorarium and allowance for September 16-December 2025\n\n5)\n\nHonorarium and allowance for June-December 12 2025\n\n6)\n\nHonorarium and allowance for December 12-31, 2025\n\nFor the fiscal year ended December 31, 2025, the total remuneration paid to the entire Board of Directors was Rp48,213 million. The table below sets forth the remunerations paid to our Directors received for the fiscal year ended December 31, 2025:\n\n**Directors**\n\n**Honorarium**\n\n**Religious Holiday**\n\n**Allowances**\n\n**Transport**\n\n**Allowances**\n\n**Tantiem**\n\n**Total**\n\n**(Rupiah)**\n\nRiriek Adriansyah1)\n\n2,220,000,000\n\n444,000,000\n\n125,000,000\n\n-\n\n2,789,000,000\n\nMuhamad Fajrin Rasyid1)\n\n1,887,000,000\n\n377,400,000\n\n125,000,000\n\n-\n\n2,389,400,000\n\nHerlan Wijanarko1)\n\n1,887,000,000\n\n377,400,000\n\n125,000,000\n\n-\n\n2,389,400,000\n\nBogi Witjaksono1)\n\n1,887,000,000\n\n377,400,000\n\n125,000,000\n\n-\n\n2,389,400,000\n\nF.M. Venusiana R.1)\n\n1,887,000,000\n\n377,400,000\n\n125,000,000\n\n-\n\n2,389,400,000\n\n153\n\n[Table of Contents](#TOC)\n\nHeri Supriadi1)\n\n1,887,000,000\n\n377,400,000\n\n125,000,000\n\n-\n\n2,389,400,000\n\nAfriwandi1)\n\n1,887,000,000\n\n377,400,000\n\n125,000,000\n\n-\n\n2,389,400,000\n\nBudi Setyawan Wijaya1)\n\n1,887,000,000\n\n377,400,000\n\n125,000,000\n\n-\n\n2,389,400,000\n\nMuhammad Awaluddin2)\n\n1,662,851,613\n\n-\n\n104,032,258\n\n-\n\n1,766,883,871\n\nHenry Cristiadi2)\n\n1,570,470,968\n\n-\n\n104,032,258\n\n-\n\n1,674,503,226\n\nDian Siswarini3)\n\n3,179,612,903\n\n-\n\n179,032,258\n\n-\n\n3,358,645,161\n\nNanang Hendarno3)\n\n2,702,670,968\n\n-\n\n179,032,258\n\n-\n\n2,881,703,226\n\nHonesti Basyir3)\n\n4,151,400,000\n\n-\n\n275,000,000\n\n-\n\n4,426,400,000\n\nVeranita Yosephine3)\n\n2,702,670,968\n\n-\n\n179,032,258\n\n-\n\n2,881,703,226\n\nArthur Angelo Syailendra3)\n\n2,702,670,968\n\n-\n\n179,032,258\n\n-\n\n2,881,703,226\n\nWilly Saelan4)\n\n1,320,900,000\n\n-\n\n87,500,000\n\n-\n\n1,408,400,000\n\nSeno Soemadji3)\n\n2,702,670,968\n\n-\n\n179,032,258\n\n-\n\n2,881,703,226\n\nFaizal Rochmad Djoemadi3)\n\n2,702,670,968\n\n-\n\n179,032,258\n\n-\n\n2,881,703,226\n\nAndy Kelana4)\n\n1,320,900,000\n\n-\n\n87,500,000\n\n-\n\n1,408,400,000\n\nBudi Satria Dharma Purba5)\n\n246,632,257\n\n-\n\n0\n\n-\n\n246,632,257\n\n**Total**\n\n**42,395,122,581**\n\n**3,085,800,000**\n\n**2,732,258,064**\n\n-\n\n**48,213,180,645**\n\n​\n\nNotes:\n\n•\n\nRemuneration includes income tax.\n\n1)\n\nHonorarium and allowance for January-May 2025.\n\n2)\n\nHonorarium and allowance for June-September 2025.\n\n3)\n\nHonorarium and allowance for June-December 2025.\n\n4)\n\nHonorarium and allowance for September 16-December 2025\n\n5)\n\nServed since December 12, 2025.\n\nThe total accrued remuneration of the Board of Commissioners and the Board of Directors for the year ended December 31, 2025, was approximately Rp71,979 billion. Neither our Directors nor the directors of our subsidiaries will receive benefits upon the termination of their respective employment with our subsidiaries.\n\nAs of the date hereof, bonus payments to the Board of Directors for the year 2025 have not yet been made, as shareholder approval is still pending. Under applicable regulations such approval is subject to the authority of the Ministry of State-Owned Enterprises (BUMN) and/or Danantara and must be obtained through a formal resolution at a GMS before any payment can be made.\n\n**Equity Compensation Plans**\n\nOn June 22, 2022, our Board of Directors adopted an executive compensation recovery policy (the “**Clawback Policy**”), which provides for the recovery of certain incentive-based compensation from current and former members of our Board of Commissioners and/or our Board of Directors in the event that we are required to restate any of our financial statements filed with the SEC under the Exchange Act to correct an error that is material to the previously-issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period. Adoption of the Clawback Policy was mandated by new Section 303A.14 of the NYSE Listed Company Manual, which was introduced pursuant to Rule 10D-1 of the Exchange Act. The Clawback Policy is in addition to Section 304 of the Sarbanes-Oxley Act of 2002, which permits the SEC to order the disgorgement of bonuses and incentive-based compensation earned by a registrant issuer’s chief executive officer and chief financial officer in the year following the filing of any financial statement that the issuer is required to restate because of misconduct, and the reimbursement of those funds to the issuer. A copy of the Clawback Policy has been filed herewith as Exhibit 97.1.\n\n**C.           BOARD PRACTICES**\n\nOur Board of Commissioners acts as our overall supervisory and monitoring body with principal functions including planning and development, operations and budgeting in compliance with our Articles of Association, and to carry out the mandate and resolutions of the AGMS and EGMS. The Board of Commissioners does not have the authority to run or manage our Company, except in the exceptional situation when all members of the Board of Directors are suspended for any reason. The Board of Commissioners provides advice and opinions to the AGMS with respect to\n\n154\n\n[Table of Contents](#TOC)\n\nfinancial reporting, business development, appointment of auditors, and other important and strategic matters related to corporate actions. The Board of Commissioners also reviews our work plan and budget, keeps abreast of our progress, and in case our Company gives an indication of any decline in the growth of our business immediately requests the Board of Directors to notify the shareholders and provides recommendations on measures for mitigation. Finally, the Board of Commissioners oversees that our corporate governance program is properly applied and maintained in accordance with the applicable regulations.\n\nThe Board of Commissioners is obliged to carry out its duties and responsibilities in accordance with our Articles of Association, decisions made during any AGMS and EGMS and applicable laws and regulations.\n\nThe Board of Commissioners is assisted by a Board of Commissioners Secretary as well as the Audit Committee, the Nomination and Remuneration Committee, the Planning and Risk Evaluation and Monitoring Committee, and the Integrated Governance Committee.\n\nMeetings of the Board of Commissioners are held once every month. The Board of Commissioners must hold joint meetings with the Board of Directors at least once every three months. Decisions at Board of Commissioners meetings are taken through a process of deliberation and consensus. In the absence of consensus, decisions are based on a majority vote of the Commissioners in attendance or who are represented at the meeting. The quorum for all Board of Commissioners meetings requires attendance in person, through electronic media (such as teleconference or video conference) or by proxy granted to another Commissioner, which shall represent more than one-half of the total number of Commissioners.\n\nThe Board of Directors is generally responsible for managing our business in accordance with applicable laws, our Articles of Association and the policies and directives issued by the GMS and the Board of Commissioners. The Board of Directors also is authorized to act for and on our behalf, inside or outside a court of law, on any matter and for any event, with another party.\n\nMeetings of the Board of Directors are held at least once a month and may be convened at any time deemed necessary or at the request of one or more members of the Board of Directors, or at the request of the Board of Commissioners.\n\nMeetings of the Board of Directors are chaired by the President Director. If the President Director is unavailable or absent for any reason, the meeting will be chaired by the Vice President Director. If the Vice President Director is unavailable, the meeting will be chaired by any Director appointed by the President Director. In the absence of the President Director and the Vice President Director and no appointment has been made, any director who has the longest tenure will chair the meeting.\n\nDecisions at Board of Directors meetings are taken through a process of deliberation and consensus. If consensus cannot be reached, decisions are based on a majority vote of the Directors in attendance at the meeting. In the event of a tie, the proposed resolution will be decided by a Director who chairs such Board of Directors meeting. The quorum for all Board of Directors meeting requires attendance in person, or through video conference or by proxy granted to another Director, of Directors representing more than one-half of the total number of Directors. Each Director who is present at a Board of Directors meeting is entitled to cast one vote (and one vote for each other Director represented by proxy).\n\nIndividual Directors are charged with specific responsibilities. For more detailed information regarding the functions and authority of each of our Directors, see *“— A. Directors and Senior Management — Board of Directors.”*\n\n**Audit Committee**\n\nThe Audit Committee operates under the authority of the Audit Committee Charter, which was adopted under a Decree of the Board of Commissioners No. 13/KEP/DK/2024 dated July 9, 2024 in relation to the Charter of the\n\n155\n\n[Table of Contents](#TOC)\n\nTelkomGroup Audit Committee. The Audit Committee Charter is regularly evaluated and, if necessary, amended to help establish compliance with OJK and SEC requirements and other relevant regulations.\n\nThe Audit Committee Charter outlines the Audit Committee’s purpose, function and responsibilities. It provides that the Audit Committee is responsible for, among other things:\n\n·\n\nConducting studies and discussions with management regarding our Company’s quarterly consolidated financial statements before these financial reports are reported to the Financial Services Authority and the Stock Exchange;\n\n·\n\nMonitoring the effectiveness of risk management and internal control;\n\n·\n\nMonitoring the effectiveness of our internal audit;\n\n·\n\nConducting oversight of the integrated audit process;\n\n·\n\nReviewing our Consolidated Financial Statements and the effectiveness of internal controls over financial reporting (ICOFR);\n\n·\n\nAssisting the Board of Commissioners with the appointment of independent auditors;\n\n·\n\nApproving non-audit services to be performed by our independent auditors;\n\n·\n\nProviding an independent opinion in the event of differences of opinion between our management and independent auditors;\n\n·\n\nMonitoring the steps taken by Directors to follow up on the findings of our internal auditors;\n\n·\n\nMonitoring compliance with laws and regulations (including capital market laws) relating to our business;\n\n·\n\nAnalyzing and providing advice to the Board of Commissioner relating to potential conflicts of interest;\n\n·\n\nOverseeing the audit process of the Social and Environmental Responsibility Program;\n\n●Overseeing whistleblowing system called Telkom Integrity Line;\n\n●Maintaining confidentiality of documents, data, and information;\n\n●Carrying out additional tasks that are assigned by the Board of Commissioners, especially on financial and accounting related matters as well as other obligations required by the Sarbanes-Oxley Act of 2002; and\n\n●Subject to the written approval from the Board of Commissioners, the Audit Committee may engage an independent consultant or other professional advisors to assist in carrying out its functions.\n\nAudit Committee Independence\n\nOJK Rule No. 55/POJK.04/2015 on Establishment and Code of Conduct for Audit Committees (“**OJK Audit Committee Regulation**”) requires the board of commissioners of a public company to establish an audit committee which is chaired by an independent commissioner. In addition, the OJK Audit Committee Regulation requires each member of such audit committee to be either an independent commissioner or external independent member, with the audit committee comprised of at least three members with at least one independent commissioner presiding over the audit committee as chairman and one external independent member and at least one member of the audit committee that has expertise in\n\n156\n\n[Table of Contents](#TOC)\n\naccounting or finance. We also require at least one external independent member to have expert knowledge (in the context of Item 16A of Form 20-F) in the field of accounting or finance.\n\nTo be considered independent under the prevailing Indonesian rules, the members of the audit committee may not, among other things:\n\n·\n\nBe an insider of a public accountant firm, law firm, appraisal firm or other firm that has provided assurance, non-assurance, appraising or consultation services to us within six-month period prior to his or her appointment as an audit committee member;\n\n·\n\nHave been our executive officer within six-month period prior to his or her appointment as an audit committee member;\n\n·\n\nBe affiliated with our principal shareholder (owner of at least 20% of its share capital);\n\n·\n\nHave a family relationship (affiliated) with any member of the board of commissioners or board of directors;\n\n·\n\nOwn, directly or indirectly, any of our shares; and\n\n·\n\nHave any business relationship, directly or indirectly, that relates to our business.\n\nAs of December 31, 2025, the Audit Committee consisted of five members (including the chairman): (i) Deswandhy Agusman (Independent Commissioner and Chairman of the Audit Committee), (ii) Ira Noviarti (Independent Commissioner), (iii) Rofikoh Rokhim (Independent Commissioner), (iv) Achmad Taufik (Independent Member and Fraud & Investigation Expert), and (v) Irhoan Tanudiredja (Independent Member and Financial Expert.\n\nCommittee Financial Expert\n\nSee also *“Item 16A. Audit Committee Financial Expert.”*\n\nExemption From U.S. Listing Standards For Audit Committees\n\nSee also *“Item 16D. Exemptions from the Listing Standards for Audit Committees.”*\n\nNomination and Remuneration Committee\n\nOur Nomination and Remuneration Committee operates under the authority of the Board of Commissioner’s decree No. 14/KEP/DK/2024 dated July 23, 2024, regarding the Charter of Telkom’s Nomination and Remuneration Committee.\n\nThe objective of the Nomination and Remuneration Committee is to establish, administer and enforce corporate governance principles in the process of nomination for strategic management positions and the determination of the Board of Directors remuneration. The duties of the Nomination and Remuneration Committee include the following:\n\n·\n\nEstablish our organizational structure one level below the Board of Directors, with reference to the principles of good corporate governance;\n\n·\n\nAssist the Board of Commissioners who are engaged with the Directors in selecting candidates for strategic positions in our Company;\n\n·\n\nGive recommendations to the Board of Commissioners to be conveyed to the holder of the Dwiwarna Share regarding:\n\n157\n\n[Table of Contents](#TOC)\n\n-\n\nthe composition of the Board of Directors,\n\n-\n\ncandidates for the President Director and President Commissioner of all of Company’s subsidiaries,\n\n-\n\ncandidates for the Board of Directors and Board of Commissioners of our subsidiaries if the relevant subsidiary’s assets or revenues are equal or in excess of 50% of the consolidated assets or consolidated revenues of Telkom, respectively;\n\n·\n\nProvide recommendations to the Board of Commissioners to be submitted to the General Meeting of Shareholders through the holder of the Dwiwarna Share concerning the policies, amount and/or structure for the remuneration of the Board of Directors and Board of Commissioners;\n\n·\n\nDetermine remuneration of the Board of Directors and Board of Commissioners in the form of fixed salary or honorarium, allowances and facilities and variable incentives; and\n\n·\n\nReview the employment contract and/or performance statement of each member of the Board of Directors.\n\nAs of December 31, 2025, our Nomination and Remuneration Committee consisted of four members (including the Chairman): (i) Ira Noviarti (Independent Commissioner and Chairman of the Nomination and Remuneration Committee), (ii) Rizal Malarangeng (Commissioner), (iii) Ossy Dermawan (Commissioner), (iv) Rofikoh Rokhim (Independent Commissioner). In the execution of their tasks, members of the Nomination and Remuneration Committee have to act independently.\n\n**D.           EMPLOYEES**\n\nWe apply a comprehensive compensation and benefit/reward system which comprises: (i) basic allowances (monthly and non-monthly), including various allowances that may be given in case the employee is located in a disaster or conflict areas, holiday allowances, health, housing and transportation allowances, social security, and pension benefits, (ii) career and development allowances and benefits (training, coaching/mentoring, scholarships, career development opportunities), (iii) performance-based compensation such as sales and marketing incentives and other variable performance-based monetary such as bonuses. Our compensation and benefits policies are stated in a collective labor agreement (*Perjanjian Kerja Bersama*), which is reviewed every three years.\n\nWe manage our human capital resources strategically, in particular as we are moving towards more digitalization throughout the TelkomGroup. We encourage agile working, including by cross-staffing, teaming up with colleagues from different departments and functions and involving team members with different skills and expertise to work creatively on new services and product development. We are dedicated to offering a professional, safe, and comfortable work environment that foster collaboration, efficiency, and the wellbeing of our employees. We believe in an inclusive and non-discriminatory culture and workplace.\n\nWe had a total of 21,151 employees (including 19,082 permanent employees, representing 90.2% of our workforce) as of December 31, 2025, consisting of 4,782 Telkom employees (including 4,572 permanent employees) and 16,369 employees (including 14,510 permanent employees) of our subsidiaries. As of December 31, 2025, 20,906 of our employees were in Indonesia and 245 of our employees were located overseas. In comparison, we had a total of 21,673 employees as of December 31, 2024, and 23,064 employees as of December 31, 2023.\n\nAs of December 31, 2025, we had 279 senior management employees, compared with 271 senior management employees as of December 31, 2024. The total number of middle management employees increased from 5,754 employees as of December 31, 2024, to 5,915 employees as of December 31, 2025. The number of supervisor level employees decreased from 11,101 employees as of December 31, 2024, to 11,046 employees as of December 31, 2025. Other employees decreased from 4,547 employees as of December 31, 2024, to 3,911 employees as of December 31, 2025. We\n\n158\n\n[Table of Contents](#TOC)\n\ndid not employ a significant number of temporary employees in 2025. The following table shows our employee profile by position:\n\n**Position**\n\n​\n\n**As of December 31, 2025**\n\n​\n\n  ​ ​ ​\n\n**Telkom**\n\n**Subsidiaries**\n\n**TelkomGroup**\n\n**Percentage (%)**\n\nSenior Management\n\n \n\n110\n\n​\n\n169\n\n​\n\n279\n\n​\n\n1.3\n\nMiddle Management\n\n \n\n1,873\n\n​\n\n4,042\n\n​\n\n5,915\n\n​\n\n28.0\n\nSupervisors\n\n \n\n2,334\n\n​\n\n8,712\n\n​\n\n11,046\n\n​\n\n52.2\n\nOthers\n\n \n\n465\n\n​\n\n3,446\n\n​\n\n3,911\n\n​\n\n18.5\n\n**Total**\n\n \n\n**4,782**\n\n​\n\n**16,369**\n\n​\n\n**21,151**\n\n​\n\n**100**\n\n​\n\nOur employee profile based on educational background as of December 31, 2025, was dominated by university graduates who amounted to 68.8% of our total employees. This reflects our focus on recruiting highly educated candidates with the right qualifications to support our growth. The following table shows our employee profile by educational background:\n\n**Level of Education**\n\n​\n\n**As of December 31, 2025**\n\n​\n\n  ​ ​ ​\n\n**Telkom**\n\n**Subsidiaries**\n\n**TelkomGroup**\n\n**Percentage (%)**\n\nPre University\n\n​\n\n154\n\n​\n\n1,179\n\n​\n\n1,333\n\n​\n\n6.3\n\nDiploma Graduates\n\n​\n\n112\n\n​\n\n1,619\n\n​\n\n1,731\n\n​\n\n8.2\n\nUniversity Graduates\n\n​\n\n3,012\n\n​\n\n11,540\n\n​\n\n14,552\n\n​\n\n68.8\n\nPost Graduates\n\n​\n\n1,504\n\n​\n\n2,031\n\n​\n\n3,535\n\n​\n\n16.7\n\n**Total**\n\n​\n\n**4,782**\n\n​\n\n**16,369**\n\n​\n\n**21,151**\n\n​\n\n**100**\n\n​\n\n**Talent Development**\n\nWe apply a comprehensive compensation and benefit/reward system which comprises: (i) basic allowances (monthly and non-monthly), including various allowances that may be given in case the employee is located in a disaster or conflict areas, holiday allowances, health, housing and transportation allowances, social security, and pension benefits, (ii) career and development allowances and benefits (training, coaching/mentoring, scholarships, career development opportunities), (iii) performance-based compensation such as sales and marketing incentives and other variable performance-based monetary such as bonuses. Our compensation and benefits policies are stated in a collective labor agreement (*Perjanjian Kerja Bersama*), which is reviewed every three years.\n\nWe intend to nurture best-in-class talents capable of strengthening our capabilities (including leadership and technical skills) and increase the widespread adoption of digitalization. To reach this goal, we have developed two main strategies.\n\nOur first strategy consists in developing internal talent capabilities and developing an inclusive environment and culture. Our talent development programs and corporate culture activation programs are designed to accelerate our transformation into a digital telecommunications company and empower our employees internally by offering training sessions and advice.\n\nOur second strategy consists in acquiring digital capabilities from third parties and creating a collaborative ecosystem through partnerships with third parties to further accelerate our transformation into a digital telecommunications company.\n\nAs of December 31, 2025, expenses incurred in connection with our people development programs for all employees (including training, certification, and scholarship) amounted to approximately Rp95.7 billion. This increase reflects our ongoing corporate transformation efforts, particularly through training and development initiatives. See “*Item 4B. Information on the Company—Business Overview—Strategy”* for further information.\n\n159\n\n[Table of Contents](#TOC)\n\n**Compensation and Benefits**\n\nWe apply a comprehensive compensation and benefit/reward system which comprises: (i) basic allowances (monthly and non-monthly), including various allowances that may be given in case the employee is located in a disaster or conflict areas, holiday allowances, health, housing and transportation allowances, social security, and pension benefits, (ii) career and development allowances and benefits (training, coaching/mentoring, scholarships, career development opportunities), (iii) performance-based compensation such as sales and marketing incentives and other variable performance-based monetary such as bonuses. Our compensation and benefits policies are stated in a collective labor agreement (*Perjanjian Kerja Bersama*), which is reviewed every three years.\n\n**Retirement Program**\n\nWe apply a comprehensive compensation and benefit/reward system which comprises: (i) basic allowances (monthly and non-monthly), including various allowances that may be given in case the employee is located in a disaster or conflict areas, holiday allowances, health, housing and transportation allowances, social security, and pension benefits, (ii) career and development allowances and benefits (training, coaching/mentoring, scholarships, career development opportunities), (iii) performance-based compensation such as sales and marketing incentives and other variable performance-based monetary such as bonuses. Our compensation and benefits policies are stated in a collective labor agreement (*Perjanjian Kerja Bersama*), which is reviewed every three years.\n\nThe retirement age for all our employees is 56 years. We have two pension schemes: (a) DBPP – Defined Benefit Pension Plan, which is applicable to permanent employees (other than our Directors)  who were permanent prior to July 1, 2002 and (b) DCPP – Defined Contribution Pension Plan, which is applicable to permanent employees (other than our Directors) who were permanent on or after July 1, 2002.\n\na.           Defined Benefit Pension Plan\n\nDBPP is calculated for participants based on years of service, salary level at retirement and is transferable to dependent families if the respective employee passes away. Telkom Pension Fund administers the program while the main source of pension fund comes from us and employee contributions. Employees participate in the program with 18% of their basic salary (before March 2003, the employee contribution rate was 8.4%) while we contribute the remaining balance. The minimum monthly pension benefit for retired employees is approximately Rp1,000,000 per month, or minimum Rp750,000 per month for spouses of the retired employees. In the fiscal year ended December 31, 2025, we contributed Rp604 billion to the DBPP.\n\nb.           Defined Contribution Pension Plan\n\nWe operate a DCPP for permanent employees other than Directors who were permanent on or after July 1, 2002. DCPP is managed by several appointed financial institutions and pension funds from which employees can choose. Our contribution to the financial institutions pension fund is determined by the portion taken from participating employee’s basic salary, which totaled Rp50 billion, Rp52 billion and Rp47 billion for the years ended December 31, 2023, 2024, and 2025, respectively.\n\n**Management of Employee Relations**\n\nPursuant to Law No. 13 of 2003 on Manpower (as amended by the Job Creation Law 2023, the “**Manpower Law**”) and Law No. 21 of 2000 on Employee Unions and Labor Unions, our employees established SEKAR (*Serikat Karyawan*). SEKAR represented a total of 4,527 employees, which was 70% of our total workforce (excluding the employees of our subsidiaries).\n\nPursuant to the Manpower Law and Regulation of the Minister of Manpower and No. 28 of 2014 on Procedure for Drafting and Ratifying Corporate Regulation also Drafting and Registering Collective Labor Agreement, SEKAR is\n\n160\n\n[Table of Contents](#TOC)\n\nentitled to represent employees in the negotiation of collective labor agreements with our management. Our Company and SEKAR entered into a 10th collective labor agreement dated February 13, 2024.\n\nThe employees of Telkomsel, PT Infomedia Nusantara, Metra Digital Media, Graha Sarana Duta and Telkomsigma have also established employees’ unions. Telkomsel employees’ union (*Serikat Pekerja Telkomsel* or “**SEPAKAT**”) represented a total of 4,990 employees (81% of Telkomsel’s total employees) as of December 31, 2025. Infomedia Nusantara employees’ union (*Serikat Pekerja Infomedia Nusantara* or “**SPIN**”) represented a total of 264 employees (1.67% of Infomedia Nusantara’s total employees) as of December 31, 2025. Metra Digital Media’s and Graha Sarana Duta’s employees’ union (*Serikat Pekerja Metra Digital* or “**SPMD**” and *Serikat Karyawan Graha Sarana Duta* or “**SKATA**”) respectively represented a total of 107 employees (58% of the total number of employees of Metra Digital Media) and 699 employees (97% of the total number of employees of Graha Sarana Duta). Telkomsigma’s employees’ union (*Serikat Karyawan Telkomsigma* or “**SERASI**”) represented a total of 866 employees (56% of Telkomsigma’s total employees) as of December 31, 2025.\n\n**E.           SHARE OWNERSHIP**\n\nAs of December 31, 2025, none of our Commissioners, Directors or senior management beneficially owned more than 5% of our outstanding shares of common stock. For information regarding share ownership of our Commissioners, Directors, and senior management, see*“Item 7. Major Shareholders and Related Party Transactions — Major Shareholders.”*\n\n**Employee Stock Ownership Program**\n\nOur Employee Stock Ownership Program (“**ESOP**”) is an employee-owner scheme that provides our employee with an ownership interest in our Company. At our initial public offering on November 14, 1995, a total of 116,666,475 shares were issued to 43,218 employees. On June 14, 2013, we transferred a portion of our treasury stock to our employees as part of our 2012 annual incentives. On such date, 59,811,400 shares of common stock (equal to 299,057,000 shares after stock split) were transferred to 24,993 employees with a total fair value of Rp661 billion. As of December 31, 2025, 31,756,230 of our shares were owned by 5,884 of our employees and our retirees. From 2014 through 2025, we did not exercise any ESOP. We also provide our Commissioners (except for Independent Commissioners) and Directors with long-term incentives in the form of shares. See *“— Compensation — Compensation of Commissioners and Directors.”*\n\n**Stock Split and Depositary Receipt Ratio**\n\nAt our GMS on April 19, 2013, a stock split with a ratio of 1:5 was approved by our shareholders. New shares of common stock were deposited into shareholders accounts on September 2, 2013, as part of the stock split. In connection with our stock split, effective September 3, 2013, we changed the ratio of our ADSs from one ADS representing 40 shares of common stock, par value Rp250 per share, to one ADS representing 200 shares of common stock, par value Rp50 per share.\n\nOn October 26, 2016, we changed the ratio of our ADSs from one ADS representing 200 shares of common stock, par value Rp50 per share, to one ADS representing 100 shares of common stock, par value Rp50 per share.\n\n**Share Buyback**\n\nAt our GMS on May 27, 2025, our shareholders approved a share buyback program (the **“Buyback Program”**) up to a share repurchase value of Rp3,000,000,000,000, in aggregate. Under the Buyback Program, repurchases of shares may be executed through on-exchange and off-exchange transactions. The buyback period commenced on May 28, 2025, and is expected to continue for up to one year until May 27, 2026. Following completion of repurchases of shares contemplated under the Buyback Program, our free-float shares will remain above the minimum public-float threshold required under applicable laws and regulations.\n\n161\n\n[Table of Contents](#TOC)\n\nThe objectives of the Buyback Program are to reinforce confidence in our long-term value and prospects, align market conditions with our fundamentals, and maintain stakeholders' trust in support of sustainable growth. We do not expect any decline in revenue as a result of the Buyback Program.\n\nThe Buyback Program is expected to have a minimal impact on our financing costs and will primarily reduce our total assets and equity by the amount of the repurchased shares. If we fully utilize the approved maximum buyback allocation under the Buyback Program, our total assets and equity would decrease by up to Rp3,000,000,000,000.\n\nF.**DISCLOSURE OF A REGISTRANT’S ACTION TO RECOVER ERRONEOUSLY AWARDED COMPENSATION**\n\nAs of the date hereof, no actions had to be taken to recover erroneously awarded compensation following an accounting restatement, in compliance with our above-mentioned Clawback Policy.\n\n​\n\n​"}