FUJI Expands Green Financing with Strategic Thai Partnership

Historic Collaboration for Sustainable Development

PT Fuji Finance Indonesia Tbk (FUJI) has entered into a groundbreaking partnership with Energy Absolute Public Company Limited (EA) from Thailand to accelerate green financing in Indonesia. The collaboration, formalized through a Memorandum of Understanding (MoU) signed on November 21, 2025, in Bangkok, marks FUJI's first international partnership and a significant milestone in the company's strategic transformation towards sustainable financing ¹

Strategic Focus Areas

The partnership will focus on developing electric vehicle (EV) financing and supporting infrastructure in Indonesia. This aligns with the growing demand for green financing in the country, particularly in the EV sector and related infrastructure. FUJI's Commissioner Anton Santoso stated that this collaboration would strengthen the company's foundation to expand its portfolio while creating value for stakeholders ¹

Complementary Strengths

Energy Absolute, known for its pioneering role in ASEAN's integrated EV ecosystem, brings significant expertise to the partnership. The company has a strong track record in developing clean energy, low-emission transportation, and EV infrastructure in Thailand. With a credit rating of A (Stable) and robust governance, EA is involved in various projects including E-Bus, E-Ferry, and emission reduction programs supporting Thailand's 2050 carbon neutrality target ¹

Market Opportunities and Challenges

The collaboration between FUJI and EA aims to capitalize on Indonesia's vast potential in EV adoption. Both Indonesia and Thailand face similar challenges in accelerating EV adoption, making this partnership a strategic move to share experiences and expand low-emission mobility solutions across the region. The Indonesian market, with its large population, presents significant opportunities for EV ecosystem development and supporting infrastructure ¹

FUJI's Strategic Transition

This partnership is part of FUJI's broader strategic transition to expand its portfolio and strengthen its position in productive, long-term financing. The company's stable performance in the first nine months of 2025, with total assets reaching Rp187.57 billion (6.26% growth from end-2024), provides a solid foundation for this expansion. FUJI is focusing on maintaining high asset quality with a target NPF ratio below 1% and gearing ratio less than 1x ¹