ADRO Revises Share Buyback Plan, Prepares Rp 5 Trillion Fund
PT Alamtri Resources Indonesia Tbk (ADRO) has revised its share buyback plan by increasing the budget to a maximum of Rp 5 trillion, from the previous Rp 4 trillion.
The budget change was announced by the company through a disclosure on the Indonesia Stock Exchange (BEI) on 2 April 2026.
This revision alters several points from the previous announcement released on 11 March 2026, particularly regarding the amount of funds prepared, the estimated implementation schedule, and the pro forma earnings per share after the buyback, taking into account the decline in revenue.
If approved, the share buyback period will begin on 18 April 2026 and last for 12 months. The entire buyback process will be conducted gradually through the Indonesia Stock Exchange.
For information, the call for the Annual General Meeting of Shareholders (AGMS) has been made to shareholders via the BEI website, the eASY.KSEI website, and the company’s official website www.alamtri.com on 26 March 2026. The announcement of the summary of the AGMS minutes is scheduled for 20 April 2026.
The company also states that the nominal value of all shares to be repurchased will not exceed 10% of the placed capital.
Furthermore, this step will ensure that the company’s net worth does not become smaller than the placed capital plus the mandatory reserves that have been set aside.
Based on the JISDOR exchange rate as of 30 March 2026, which places 1 US dollar at Rp 16,993, the buyback funds are equivalent to approximately 294.24 million US dollars. As a result, the company’s total assets are estimated to shrink from 6.82 billion US dollars to 6.52 billion US dollars.
Meanwhile, equity will also be adjusted from 5.00 billion US dollars to 4.71 billion US dollars. Nevertheless, the current year’s profit remains steady at 489.85 million US dollars.
Interestingly, although assets and equity shrink, the basic earnings per share will actually increase from 0.01526 US dollars to 0.01668 US dollars.
This occurs due to the reduction in the number of shares outstanding post-buyback. The EPS calculation has also taken into account the impact of the 2025 buyback, which became effective and recorded on 28 February 2026.
“With the Company’s current position and financial performance, the Company is confident that the Share Buyback will not have a negative impact on the Company’s business activities and future growth,” wrote management in the official document quoted on Monday (6/4/2026).
The company hopes this step can provide a good return for shareholders while increasing investor confidence. Thus, the ADRO share price is expected to reflect the actual fundamental condition.