Bakrie & Brothers Receives Approval for Rights Issue Through Extraordinary General Meeting
PT Bakrie & Brothers Tbk (BNBR) has received approval to conduct a capital increase with pre-emptive rights (PMHMETD), commonly known as a rights issue. The approval was obtained through an Extraordinary General Meeting of Shareholders (RUPSLB) held on Friday, 27 February 2026.
“The company believes it is necessary to implement the PMHMETD to optimise the funding structure related to the acquisition of PT Cimanggis Cibitung Tollways (CCT),” said BNBR President Director and Chief Executive Officer Anindya Bakrie in an official statement. Through this rights issue mechanism, the company will issue new series E shares totalling up to 90 billion shares.
Anindya stated that all funds received from the PMHMETD will be used to pay the company’s and its subsidiaries’ obligations to creditors, as well as for working capital and business development in the company and its subsidiaries, including CCT. The company, he said, is confident that the PMHMETD plan will have a positive impact on the company’s financial performance and strengthen operational performance and capital structure.
After this action, Anindya said, the ratio of total debt to total assets will decrease from 84.28 per cent to 67.9 per cent. This shows that after the PMHMETD, the composition of the company’s assets funded by equity will become larger, so the contribution to shareholders from the performance of the company’s assets will be greater.
The ratio of total debt to total equity will decrease from 536.02 per cent before the PMHMETD to 211.57 per cent after the PMHMETD. “This ratio will improve because it balances the company’s capital structure between equity and liabilities,” said Anindya.
Anindya also said the PMHMETD plan will encourage shareholders who do not exercise their pre-emptive rights to purchase new shares. He noted that the percentage of share ownership in the company will be diluted by up to a maximum of 33.33 per cent after the implementation of the pre-emptive rights.
As for BNBR’s financial performance, the company recorded net revenue of Rp 3.74 trillion throughout 2025. This revenue decreased by 3.28 per cent year-on-year compared to the previous year. Meanwhile, net profit rose 49.6 per cent to Rp 502.74 billion throughout 2025. This figure increased by Rp 166.69 billion compared to the same period in the previous year, which was Rp 336.04 billion.