Group Overview Operation and Financial Review Financials Other Information Sustainability and Governance 121 Annual Report 2025 Notes to the financial statements For the financial year ended 31 December 2025 20. Investment in associate companies The Group’s investments in associate companies are summarised below: Group 2025 2024 Rp million Rp million Associate companies which are strategic to the Group activities FP Natural Resources Limited (“FPNRL”) – – Asian Assets Management Pte Ltd (“AAM”) 756,879 752,266 PT Aston Inti Makmur (“AIM”) 363,876 359,613 PT Prima Sarana Mustika (“PT PSM”) 47,879 45,926 PT Indoagri Daitocacao (“Daitocacao”) 205,966 219,918 1,374,600 1,377,723 Group 2025 2024 Rp million Rp million Cost of investment, at cost 1,940,736 1,940,736 Cumulative share of results and other comprehensive income (675,753) (672,630) Foreign currency translation 96,696 96,696 Gain from deemed disposal 12,921 12,921 Carrying value of investment 1,374,600 1,377,723 Name of associates Country of incorporation Effective percentage of equity held Principal activities % 2025 2024 Held by the Company FPNRL (i) British Virgin Islands 30.00 30.00 Investment holdings Held by Lonsum AAM (ii) Singapore 10.92* 10.92* Investment holdings AIM (iii) Indonesia 10.92* 10.92* Ownership and building management
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