Bank Mandiri (BMRI) to Hold AGM, Discussing: Share Buyback to Board Restructuring
JAKARTA, KOMPAS.com - PT Bank Mandiri (Persero) Tbk (BMRI) will hold its Annual General Meeting of Shareholders (AGMS) on 29 April 2026.
Based on the official BMRI document received on Thursday (9/4/2026), there is a series of strategic agendas to be discussed at this year’s annual meeting, including the plan for share buyback, the use of net profit for the 2025 fiscal year, and potential changes to the company’s board composition.
The first agenda of the AGMS is the approval of the annual report and ratification of the consolidated financial statements for the 2025 fiscal year. In addition, the company will seek approval for the supervisory duties report of the Board of Commissioners, as well as the financial report for the micro and small business funding programme (PUMK).
The second agenda, no less important, is the determination of the use of net profit for the 2025 fiscal year. This decision will determine the amount of dividends to be distributed to shareholders, which has long been one of the main attractions of Bank Mandiri shares for investors.
“Based on the provisions of (i) Article 22 in conjunction with Article 27 of the Company’s Articles of Association and (ii) Articles 70 and 71 of the Limited Liability Company Law, the use of the company’s net profit is decided at the AGMS,” states the official Bank Mandiri document.
The AGMS will also discuss the appointment of a public accountant and/or public accounting firm to audit the financial statements for the 2026 fiscal year, which is part of good corporate governance.
Furthermore, there will be discussion on updating the recovery action plan. The recovery plan includes, among others, changes to trigger levels and fulfilment of the adequacy and eligibility of deposits and debt instruments or investments with equity characteristics held by the bank, which must obtain shareholder approval at the AGMS.
In addition, Bank Mandiri will report on the realisation of the use of funds from the sustainable public offering (PUB), including green bonds and sustainability bonds issued in 2025.
The next agenda that is attracting market attention is the approval of the share buyback plan, as well as the transfer of buyback shares as treasury stock.
Changes to the company’s articles of association are also on the meeting agenda, including adjustments to the ownership structure of Series A Dwiwarna shares in line with the transfer of ownership to Danantara.
On the other hand, the agenda for changes to the company’s board composition is also a focus for investors. Changes to the Board of Directors or Commissioners could potentially act as a catalyst for share price movements, especially if accompanied by more aggressive new strategies.
Management also emphasised that the AGMS will be conducted in accordance with the Financial Services Authority (OJK) provisions regarding the holding of meetings electronically, thus still providing ease of access for shareholders.