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melalui evaluasi  menyeluruh  terhadap kinerja  gerai dan   of outlet performance and was followed by adjustments
               diikuti  dengan  penyesuaian jaringan gerai sepanjang   to  the outlet network during  the  year.  As  recorded, the
               tahun berjalan.  Tercatat, jumlah gerai pada tahun 2025   Company had 690 outlets in 2025, down from 747 outlets
               mencapai 690  unit, menurun  dibandingkan  747  gerai   in 2024. Based on outlet brand, there were 683 KFC outlets
               pada tahun 2024. Berdasarkan merek gerai, terdapat 683   and 7 Taco Bell outlets. The reduction in the number of
               gerai KFC dan 7 gerai Taco Bell. Penurunan jumlah gerai   outlets was accompanied by the selective implementation
               tersebut diimbangi dengan pelaksanaan strategi relokasi   of a  relocation  strategy, namely transferring  operations
               secara selektif, yaitu memindahkan  operasional  dari   from less potential locations to more strategic areas with
               lokasi yang kurang potensial ke area yang lebih strategis   stronger market growth prospects. This measure formed
               dan memiliki  prospek pertumbuhan  pasar.  Langkah   part  of  the  Company’s  cost-efficiency  efforts  and  its
               ini  merupakan  bagian  dari  upaya  efisiensi  biaya  dan   broader initiative to improve operational effectiveness.
               peningkatan efektivitas operasional.

               Strategi operational excellence mulai menunjukkan hasil   The operational excellence strategy has begun to deliver
               dalam  pengendalian  biaya, meskipun  kontribusinya   results in  cost control, although  its  contribution  to  top-
               terhadap pertumbuhan top-line  masih  terbatas akibat   line growth remains limited amid continued pressure on
               tingginya tekanan daya beli dan tingkat persaingan industri.   purchasing  power and intense  industry  competition.  In
               Pada  tahun 2025, Perseroan membukukan pendapatan   2025, the Company recorded consolidated  revenue  of
               konsolidasian sebesar Rp4,88 triliun, relatif stabil dengan   Rp4.88  trillion, relatively stable with  a  slight increase of
               peningkatan sebesar 0,12% dibandingkan tahun 2024 yang   0.12% compared to Rp4.87 trillion in 2024. The Company
               sebesar Rp4,87  triliun.  Perseroan  mencatat rugi usaha   reported an operating loss of Rp311.66 billion, representing
               sebesar Rp311,66 miliar,  menunjukkan  perbaikan yang   a  significant  improvement  of  60.25%  compared  to
               signifikan sebesar 60,25% dibandingkan rugi usaha pada   an  operating  loss  of Rp784.00  billion in  2024.  This
               tahun 2024 sebesar Rp784,00 miliar. Perbaikan tersebut   improvement reflects the effectiveness of cost efficiency
               mencerminkan efektivitas implementasi strategi efisiensi   strategies implemented throughout 2025. In line with this,
               biaya yang dijalankan sepanjang tahun  2025.  Sejalan   the loss for the year also decreased to Rp369.24 billion.
               dengan hal tersebut, rugi tahun berjalan juga mengalami
               penurunan menjadi Rp369,24 miliar.

               Berdasarkan  implementasi strategi dan capaian kinerja   Based  on strategic measures  and  performance
               tersebut, Dewan Komisaris menilai Direksi telah berhasil   achievements,  the Board of Commissioners  considered
               menjaga stabilitas  operasional  Perseroan di tengah   that  the  Board of Directors succeeded  in maintaining
               tekanan daya beli dan persaingan industri yang meningkat.   the Company’s  operational  stability amid pressure on
               Fokus Direksi pada efisiensi biaya, optimalisasi restoran,   purchasing power and heightened industry  competition.
               dan penguatan kanal digital dinilai tepat secara strategis.   The  focus  on  cost  efficiency,  restaurant  optimization,
               Namun demikian, Dewan Komisaris juga mencatat bahwa   and strengthening of digital channels  was  considered
               pemulihan pertumbuhan pendapatan belum sepenuhnya   strategically appropriate. However, the Board also noted
               sejalan dengan ekspektasi awal tahun. Oleh karena itu, di   that the recovery in revenue growth had not yet fully met
               samping mempertahankan disiplin operasional,  Dewan   expectations set at the beginning of year. As such, while
               Komisaris memandang  perlunya percepatan  inisiatif   operational discipline remains important, the Board views
               pertumbuhan yang lebih agresif pada tahun 2026.    the acceleration of more aggressive growth initiatives in
                                                                  2026 as necessary.



               PENGAWASAN DALAM PERUMUSAN DAN                     OVERSIGHT OF STRATEGY FORMULATION AND
               IMPLEMENTASI STRATEGI                              IMPLEMENTATION

               Dalam menjalankan fungsi pengawasan serta keterlibatan   In carrying out its supervisory function and role in strategic
               dalam   pengambilan  keputusan  strategis,  Dewan  decision-making,  the Board  of Commissioners  was
               Komisaris secara aktif terlibat dalam proses perumusan   actively involved in the formulation  and implementation
               dan implementasi  strategi Perseroan melalui evaluasi   of the Company’s  strategy through  strategic evaluation,






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