Bank Mandiri's AGM Approves Dividend of Rp44.47 Trillion or 79% of Profit

PT Bank Mandiri (Persero) Tbk (stock code: BMRI) through its Annual General Meeting of Shareholders (AGM) on Wednesday (29 April) has agreed to the distribution of dividends amounting to Rp44.47 trillion, equivalent to 79% of the net profit for the 2025 fiscal year.

The total dividend per share (DPS) for the 2025 fiscal year performance is Rp476.95, an increase compared to the DPS for the 2024 fiscal year of Rp466.18 per share.

“This reflects the company’s commitment to delivering optimal value to the state and all shareholders, without reducing Bank Mandiri’s capacity to continue growing as a nationally competitive global financial institution,” said Bank Mandiri’s President Director, Riduan, in an official statement in Jakarta on Wednesday.

Of the total dividend, Rp9.3 trillion has been paid early as an interim dividend on 14 January 2026. The remainder will be distributed to shareholders following the AGM.

Riduan added that today’s shareholder decision reflects confidence in the fundamentals maintained and built by the company.

“This dividend also embodies our determination to Serve Wholeheartedly, as a partner to the state and part of the Danantara ecosystem that strengthens the contribution of state-owned enterprises to society,” he said.

The company recorded a closing share price on the date of the AGM of Rp4,430 per share, equivalent to a dividend yield of 10.77%.

In addition to the dividend distribution agreement, Bank Mandiri’s AGM also approved the plan for share buyback with a value of up to Rp1.17 trillion, to be conducted for up to 12 months after the AGM approval, namely until 29 April 2027.

The buyback shares will be held as treasury shares and transferred through the Employee Share Ownership Programme, Directors, and Non-Independent Commissioners, in accordance with the Financial Services Authority (OJK) regulations.

According to the company, this step is taken to maintain investor confidence in the company’s long-term prospects supported by solid fundamentals.

Furthermore, the AGM also agreed on other strategic agendas, including changes to the management structure.

In this regard, shareholders through the AGM approved the honourable dismissal of Muhammad Yusuf Ateh from his position as Commissioner of Bank Mandiri, while also dismissing and reappointing Timothy Utama as Director of Operations of Bank Mandiri.

Thus, the composition of the Board of Commissioners and Directors of Bank Mandiri is as follows.

Board of Commissioners

• President Commissioner/Independent: Zulkifli Zaini

• Vice President Commissioner: Rudy Salahuddin Ramto*

• Commissioner: Luky Alfirman

• Commissioner: Yuliot

• Independent Commissioner: Mia Amiati

• Independent Commissioner: Bintoro K. Pardewo

Board of Directors

• President Director: Riduan

• Vice President Director: Henry Panjaitan

• Director of Operations: Timothy Utama

• Director of Human Capital & Compliance: Eka Fitria

• Director of Risk Management: Danis Subyantoro

• Director of Commercial Banking: Totok Priyambodo

• Director of Corporate Banking: Mochamad Rizaldi

• Director of Consumer Banking: Saptari

• Director of Treasury & International Banking: Ari Rizaldi

• Director of Finance & Strategy: Novita Widya Anggraini

• Director of Network & Retail Funding: Jan Winston Tambunan

• Director of Information & Technology: Sunarto

*) Effective after passing the Financial Services Authority’s Fit and Proper Test and complying with applicable laws and regulations.