Group Overview Operation and Financial Review Financials Other Information Sustainability and Governance Indofood Agri Resources Ltd. 94 Notes to the financial statements For the financial year ended 31 December 2025 4. Revenue (cont’d) (a) Disaggregation of revenue (cont’d) During the financial years ended 31 December 2025 and 2024, the sales from customers with individual cumulative amount each exceeded 10% of the total consolidated revenue are as follows: 2025 2024 Rp million % of Total Revenue Rp million % of Total Revenue PT Indofood CBP Sukses Makmur Tbk (“PT ICBP”) 4,123,121 19.6% 3,504,728 21.9% Performance Obligations The performance obligations of the Group, which cover the products mentioned above, are satisfied upon shipment from the Group’s location or upon delivery of the goods at the customer’s location, as agreed in the contracts. The term of payment is generally due within 1 to 35 days upon fulfilment of the performance obligation. For export sales, the Group requires cash against the presentation of documents of title. Contract Balances Information about trade receivables and contract liabilities from contracts with customers are disclosed as follows: 2025 2024 Rp million Rp million Trade receivables (Note 24) 1,349,278 1,141,657 Contract liabilities (Note 26) 267,198 218,395 Contract liabilities are the Group’s obligations to transfer goods to customers for which the Group have received advances from customers prior to the transfer of control of the goods to the customers. Contract liabilities are recognised as revenue when the Group satisfied the performance obligation under the contract. Set out below is the amount of revenue recognised from amounts included in contract liabilities at the beginning of each of the reporting period: 2025 2024 Rp million Rp million Amounts included in contract liabilities at the beginning of the year 194,023 196,105
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