Cashlez (CASH) Rights Issue of Rp 237.2 Billion to Strengthen Capital

PT Cashlez Worldwide Indonesia Tbk (CASH) has announced plans to implement Limited Public Offering I (PUT I) through the Rights to Purchase Securities (HMETD) scheme as part of efforts to strengthen its capital structure.

The company, now known as cashUP, is offering up to 996,676,699 new shares, equivalent to 41.05% of the placed and fully paid-up capital.

Through this corporate action, the company could potentially raise funds of up to approximately Rp 237.2 billion.

In a press release cited on Thursday (9/4/2026), CASH management stated that the rights issue is being carried out to increase capital, in line with regulator requirements in the payment system sector.

Referring to Bank Indonesia Regulation No. 23/6/PBI/2021 Article 62, Payment Service Providers (PJP) are required to maintain adequate capital in accordance with the scale and business activities conducted.

According to the company, the capital increase is part of adjustments to the continuous growth in Gross Transaction Volume (GTV).

The company recorded a significant increase in the number of transactions over the past two years.

In 2024, the number of transactions was recorded at 1.5 million transactions. This figure increased to 2.1 million transactions in 2025, representing growth of 41.6%.

Not only in terms of transaction volume, but transaction values also showed higher growth. In 2024, the transaction value was recorded at Rp 0.9 trillion, then increased to Rp 1.6 trillion in 2025.

The company stated that this increase reflects the growing use of services by merchants and users, as well as the expansion of operational activities.

This situation also drives the need to strengthen operational capacity, including in terms of infrastructure and funding.

In line with this, the corporate action through HMETD is part of the company’s steps to adjust its capital structure to regulatory requirements, while ensuring the sustainability of business activities amid the dynamics of the payment system industry.