Elnusa (ELSA) Announces Plans for Rp 100 Billion Share Buyback
PT Elnusa Tbk (ELSA) has announced a plan for a share buyback with a maximum value of Rp 100 billion. This corporate action is a strategy to increase value for shareholders and reflects management’s confidence in the company’s business fundamentals and future prospects. Additionally, the share buyback is expected to help maintain the stability of the company’s share price amidst fluctuating market conditions and strengthen investor confidence in the company’s fundamental value.
According to Elnusa’s Finance Director, Nelwin Aldriansyah, the buyback will be implemented from 3 August to 2 November 2026, using funds sourced from the optimisation of the company’s internal cash. “The buyback will be carried out while remaining mindful of liquidity conditions, capital structure, and the interests of all company stakeholders,” said Nelwin on Saturday (1/8/2026).
Nelwin Aldriansyah stated that the buyback is a strategic step demonstrating management’s optimism regarding the company’s performance and long-term growth potential. This plan is part of the company’s ongoing efforts to create added value for shareholders. “This step also reflects management’s confidence in solid business fundamentals, healthy operational performance, and positive, sustainable business prospects in the future,” he explained.
Nelwin added that Elnusa maintains a healthy financial position, ensuring that the execution of the buyback will not disrupt business activities or established business development plans. “The company ensures that the implementation of the buyback will not affect the company’s financial ability to conduct operational activities, meet financial obligations, or support investment and business development programmes,” Nelwin stated.
Nelwin noted that Elnusa possesses sufficient capital and cash flow to finance all business activities, development projects, operations, and the buyback itself. Consequently, all operational activities and business growth will continue as normal. He added that the share buyback will be conducted in accordance with applicable Indonesian capital market regulations, including Financial Services Authority (OJK) Regulations Number 13 of 2023 and Number 29 of 2023, as well as Indonesia Stock Exchange (BEI) regulations regarding share buybacks during periods of significant market fluctuation. The company has also appointed PT Bahana Sekuritas as the securities broker.
Based on management’s study and evaluation, Nelwin Aldriansyah stated that the execution of the buyback will not cause a decrease in the company’s revenue and will not have a material negative impact on business activities or company growth. He emphasised that Elnusa currently maintains a healthy financial position with adequate capital and cash flow to support all business activities alongside the share buyback.