Elnusa Launches Rp100 Billion Share Buyback Starting Today

PT Elnusa Tbk has launched a share buyback with a maximum value of Rp100 billion, starting on 3 August 2026 and running until 2 November 2026, as part of a strategy to increase shareholder value and affirm investor confidence in the company’s fundamentals. The funds are sourced from the optimisation of the company’s internal cash. PT Bahana Sekuritas has been appointed as the securities brokerage intermediary. Management assesses that this action will not disrupt liquidity or investment plans. Buyback was chosen because it can add direct value for shareholders while simultaneously affirming management’s confidence in the company’s long-term fundamentals and prospects, as stated by Finance Director Nelwin Aldriansyah in a disclosure to the Indonesia Stock Exchange. The company is utilising optimal internal cash to fund this action, reflecting a healthy financial position and a desire to strengthen investor confidence amidst fluctuating markets. By reducing the number of outstanding shares, the buyback is expected to increase earnings per share and send a positive signal to the market that management believes the share price is currently undervalued. The impact is an increase in the stock’s attractiveness for institutional and retail investors seeking stability and upside potential. The implementation of the buyback is not projected to disrupt the company’s liquidity, as internal capital and cash flow are sufficient to cover the maximum value of Rp100 billion. This action is carried out in accordance with OJK regulations and Indonesia Stock Exchange rules, thus posing no compliance risk or additional financial burden. The appointment of PT Bahana Sekuritas as the brokerage intermediary ensures the transaction process runs transparently and in a controlled manner, while the capital structure remains balanced in terms of debt and equity. Management’s evaluation concluded that the buyback will not reduce revenue or cause a material negative impact on operational activities or business growth, allowing the company to continue its investment and expansion plans without hindrance. The buyback is expected to contribute to share price stability amidst volatile market dynamics. By repurchasing shares, the company reduces supply in the market, which can increase buying pressure and lower price volatility. This step also signals confidence in the company’s intrinsic value, leading investors to perceive lower investment risk. Furthermore, the repurchased shares can be held as treasury stock for future strategic purposes, adding flexibility for management in long-term capital management. Overall, this action strengthens positive market perception of Elnusa and supports the creation of sustainable value for shareholders.