ELSA Allocates Rp100 Billion, Share Buyback Commences Today
PT Elnusa Tbk (ELSA) has announced a share buyback plan with a maximum value of Rp100 billion. The corporate action is part of the company’s strategy to enhance shareholder value while reflecting management’s confidence in ELSA’s business fundamentals and future prospects.
Finance Director Nelwin Aldriansyah stated that the buyback is also expected to help maintain share price stability amid fluctuating market conditions and strengthen investor confidence in the company’s fundamental value.
The buyback will be carried out from 3 August to 2 November 2026, using funds sourced from internal cash optimisation. ELSA emphasised that the corporate action will be executed with due consideration for liquidity conditions, capital structure, and the interests of all stakeholders.
Nelwin added that the company’s healthy financial condition ensures the buyback will not disrupt business activities or established development plans. He confirmed that Elnusa possesses sufficient capital and cash flow to finance all business activities, development initiatives, operations, and the buyback, allowing normal operational activities and business growth to continue as usual.
The buyback will be conducted in accordance with prevailing Indonesian capital market regulations, including OJK Regulations Number 13 of 2023 and Number 29 of 2023, as well as Indonesia Stock Exchange rules regarding share buybacks during significantly fluctuating market conditions. To facilitate the corporate action, ELSA has appointed PT Bahana Sekuritas as the securities brokerage intermediary.
Based on management’s assessment, the share buyback is not expected to cause a decline in the company’s revenue or have a material negative impact on business activities and growth. The company currently maintains a healthy financial position with sufficient capital and cash flow to support all business activities alongside the buyback execution.
As a public company upholding Good Corporate Governance (GCG) principles, Elnusa is committed to conducting the entire buyback process transparently, accountably, and in compliance with regulatory provisions. The company noted that beyond providing added value for shareholders, the share buyback also offers flexibility in long-term capital management, as the repurchased shares can become treasury shares that may be transferred at a later date in accordance with applicable regulations to support the company’s future strategic needs.
Through this initiative, Elnusa aims to strengthen investor confidence in the company’s intrinsic value, maintain sound corporate fundamentals, and support sustainable value creation for all shareholders.