Danamon Recorded a 14% Net Profit Growth in Fiscal Year 2025

Jakarta, 19 February 2026 – PT Bank Danamon Indonesia Tbk (“Danamon”, IDX: BDMN), a member of MUFG, a global financial group, today announces its consolidated financial and operational performance as of and for the fiscal year ended 31 December 2025 (“FY2025”). Danamon recorded a consolidated net profit growth of Rp4.0 trillion, a 14% growth compared with the previous year (year-on-year) after considering the implementation of PSAK 338. This profitability growth was sustained by a consistent improvement in cost of credit, together with sustainable growth in both lending and funding, as well as a well-managed asset quality.

Daisuke Ejima, President Director of Danamon, explained, “In 2025, Danamon has satisfactorily implemented its strategic priorities that resulted in growth both in intermediation and profitability, with a well-managed asset quality. These achievements are possible because of the trust of all customers and stakeholders of Danamon, as well as Danamon’s employees, in realizing the spirit of Growing Together as One Financial Group. Danamon welcomes 2026 with a stronger conviction to become the financial solutions provider that continuously strives to win the trust of our customers, and to further contribute to Indonesia’s economic growth.”

In terms of intermediation, as of 31 December 2025, Danamon recorded a consolidated total loan and trade finance¹ of Rp212.7 trillion, growing by 9% year-on-year.² This growth was supported by a 14% growth in the Enterprise Banking and Financial Institution business line, a 10% growth in the Consumer Banking business line, a 7% growth in the SME Banking business line, and a 2%² growth in the Adira Finance business line. In terms of funding, the consolidated third-party deposits were at Rp176.9 trillion, growing by 16% year-on-year. From this amount, current accounts and savings accounts grew by 18% year-on-year, reaching Rp75.² trillion.

In terms of profitability, in FY2025 Danamon recorded a consolidated operating income of Rp21.6 trillion, growing by 5% year-on-year.² This operating income growth was contributed by a 9% year-on-year² growth in non-interest income, reaching Rp3.7 trillion, with the highest rate of growth coming from treasury-related non-interest income, which recorded a 64% year-on-year growth. Consolidated pre-provision operating profit (PPOP) grew by 4% year-on-year² reaching Rp9.6 trillion. Furthermore, a consistent improvement in cost of credit, at 10% year-on-year,² Danamon booked a consolidated net profit³ of Rp4.0 trillion, growing by 14% year-on-year². In terms of profitability ratio, Danamon recorded a net interest margin (NIM) of 7.7%.

These profitability and business growth achievements were accompanied by well-maintained asset quality. The loan-at-risk (LAR) coverage ratio⁴ increased by 560 basis points² year-on-year to 54.9%, while the LAR ratio reached 8.3% or improved by 230 basis points² year-on-year. The NPL coverage ratio reached 280.7%. The gross NPL ratio² improved by 20 basis points year-on-year to 1.7%. Danamon also maintained strong liquidity and was well capitalized, with a liquidity coverage ratio (LCR) of 158.9%, or 14.1 percentage points higher² than the same period in the previous year, a net stable funding ratio (NSFR) of 117.9%, and a consolidated capital adequacy ratio (CAR) of 25.4%, exceeding the minimum regulatory requirements.

Operational Performance of FY2025

Danamon recorded a strong operational performance in FY2025, in line with the implementation of its strategic priorities, carried out through a focus on several priority business ecosystems, as well as investments to build a solid foundation to support business growth. These investments included digital banking, branding, human capital, and branch transformation.

In the automotive ecosystem, Danamon recorded a 41% growth in automotive loan through its collaborative financial solution with Adira Finance, KPM Prima, reaching Rp2.1 trillion. This growth was driven by various initiatives, including by becoming the main sponsor and Official Bank Partner for the Indonesia International Motor Show (IIMS) 2025 for the fourth consecutive year, customer engagement events held across several branches, as well as special promotions and programs in conjunction with Danamon’s sixty-ninth anniversary.

In the hajj and umrah ecosystem, Danamon strengthened its partnerships with a greater number of hajj and umrah travel agencies, recording a 31% year-on-year growth in the number of partner agencies. Danamon also posted a 43% year-on-year growth in the number of hajj and umrah-related accounts, including accounts from prospective hajj and umrah pilgrims, as well as from related ecosystem.

In the education ecosystem, Danamon has partnered with over 120 educational institutions across Indonesia, resulting in 27% year-on-year growth in the total number of accounts, including parents, students, and payrolls. This expansion drove an overall funding growth of 26% year-on-year.

Danamon continued to enhance its digital banking solutions through both D-Bank PRO and Danamon Cash Connect. D-Bank PRO, Danamon’s digital banking application for retail customers, continued to improve customer experience in accessing a wide range of Danamon’s financial solutions. Ongoing enhancements to the D-Bank PRO application resulted in a 35% year-on-year growth in the number of transactions, with total transaction value increasing by 29% year-on-year. Meanwhile, Danamon Cash Connect, Danamon’s digital banking application for corporate customers, saw an 11% year-on-year growth in transaction volume and a 16% year-on-year growth in total transaction value.

As part of its branch transformation program, Danamon transformed 27 branches in 2025, bringing the total number of branches transformed into 120 since 2022. In 2025, more than 200 community events were held at various branches across Indonesia.

Grow Together as One Financial Group

In 2025, Danamon strengthened the foundation to Grow Together as One Financial Group, along with its group companies and strategic partners, enabling Danamon to continue providing holistic financial solutions by leveraging the unique strengths of each group member and together for customers across Indonesia.

In July 2025, Danamon received an approval from the Indonesia Financial Services Authority (OJK) to act as the operational financial holding company (FHC) of the MUFG Financial Conglomerate (MUFG FC) in Indonesia. As FHC, Danamon is responsible for controlling, consolidating, and overseeing all activities of the MUFG FC in Indonesia. On 1 October 2025, PT Adira Dinamika Multi Finance Tbk (Adira Finance), a consolidated subsidiary of Danamon, completed its business merger with PT Mandala Multifinance Tbk (Mandala Finance), with Adira Finance becoming the surviving entity. Through this merger, Adira Finance further strengthened its position as one of the leading automotive and multipurpose financing companies in Indonesia. Subsequently, as of 31 December 2025, the MUFG FC in Indonesia consisted of Danamon as the FHC, Adira Finance as member, and PT Home Credit Indonesia as member.

Danamon has been partnering with MUFG Innovation Partners (MUIP) to provide Garuda Fund, a venture capital fund amounting to US$100 million, available to finance and support the growth of startup businesses in Indonesia. In addition, Danamon also participated as one of the limited partners of Japan Thematic Fund, a dedicated funding initiative for cross-border startup collaboration between Indonesia and Japan in specific sectors, such as urban development, healthcare, and education, with a total funding commitment of US$100 million.

Throughout 2025, Danamon and its group members and strategic partners organized and participated in more than 80 co-events, including IIMS, Jak-Japan Matsuri, as well as a number of other joint marketing activities at the regional level.

Further information regarding Danamon’s FY2025 results will be available through the Investor & Analyst Briefing presentation on Danamon’s official website. Danamon’s audited consolidated financial statements will be available and can be accessed through Danamon’s corporate website and the Indonesia Stock Exchange website.

Danamon’s Financial Performance Indicators Excluding the Impact of Adira Finance-Mandala Finance Merger

Excluding the impact from Adira Finance-Mandala Finance merger, in terms of intermediation, Danamon recorded a consolidated total loan and trade finance¹ of Rp206.9 trillion, growing by 9% year-on-year. In terms of funding, third-party deposits grew by 15% year-on-year, reaching Rp176.9 trillion.

In terms of profitability, excluding the impact from Adira Finance-Mandala Finance merger, Danamon recorded a consolidated operating income of Rp19.5 trillion, growing by 3% year-on-year, supported by a 10% year-on-year increase in non-interest income, reaching Rp3.7 trillion. With a stable operating expense, Danamon recorded Rp8.7 trillion of PPOP, growing by 4% year-on-year. Following a 18% year-on-year improvement in credit cost, Danamon recorded a consolidated net profit after tax³ of Rp3.9 trillion, growing by 21% year-on-year.

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Notes to Editors

¹ Total loan and trade finance also include marketable securities.
² In line with Indonesian Statement of Financial Accounting Standards 338 (PSAK 338), the merger of PT Mandala Multifinance Tbk (BEI: MFIN) and PT Adira Dinamika Multi Finance Tbk (BEI: ADMF) effective on 1 October 2025 was a business combination under common control (BCUCC). Therefore, for comparative purposes, the financial statements as of and for the financial year ended 31 December 2024 (FY2024) were restated as if the merger of MFIN had occurred since MFIN was under the same control of Mitsubishi UFJ Financial Group, Inc. (using the pooling of interests’ method). There is no economic benefit change due to this restatement.
³ Consolidated net profit is net profit after tax and minority interests.
⁴ Loan-at-risk includes non-performing loans (NPL), special mention (SM) loans, and loans with collectability level 1 that have been restructured, including those receiving payment forbearance due to the COVID-19 pandemic.

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