Bakrie & Brothers to Conduct Rights Issue This Year, Targeting IDR6.5 Trillion in Fresh Capital to Reduce Debt Ratio

Jakarta – Bakrie & Brothers Tbk (BNBR), a multi-sector holding company, has obtained shareholder approval to conduct capital increase through rights issue (PMHMETD). The company plans to issue new Series E shares of up to 90 billion shares.

Through the rights issue, BNBR’s Chief Financial Officer Roy Hendrajanto M. Sakti stated that the company targets raising fresh capital valued at IDR4 trillion to IDR6.5 trillion. “Our collection target is probably between IDR4 to IDR6.5 trillion. But the exact figure will be determined on 9 March 2026,” Roy told media following an Extraordinary General Shareholders’ Meeting (EGSMG) in Jakarta on Friday, 27 February 2026.

On the same occasion, BNBR’s President Director & CEO Anindya N. Bakrie emphasised the urgency of implementing the rights issue to optimise financing structure in relation to the acquisition of PT Cimanggis Cibitung Tollways (CCT).

Of the 90 million shares to be issued, the shares will be removed from treasury stock and listed on PT Indonesia Stock Exchange (BEI) in accordance with applicable regulations.

“The company will use all funds received from the rights issue to settle the company’s and/or subsidiary’s obligations to creditors, as well as for working capital and business development in the company and/or subsidiaries, including CCT,” Anin explained.

Anin expressed confidence that the rights issue will have a positive impact on the company’s financial performance. This corporate action will simultaneously strengthen operational performance and capital structure.

“Additionally, the capital increase can also enhance the company’s ability to conduct business expansion, which will ultimately have a positive impact on the company’s profits and is expected to increase return on investment value for all shareholders,” Anin continued.

Following this corporate action, Anin explained that the ratio of total loans to total assets will decrease to 67.9 per cent after the rights issue from the previous level of 84.28 per cent. This reduction, according to Anin, reflects a larger equity-based financing composition, thereby increasing the contribution of asset performance to shareholders.

“This ratio reduction provides the company with higher flexibility for expansion and working capital acquisition from additional external financing if needed,” he said.