MEDC Shareholders Approve US$87 Million Dividend and Appoint Royke as Commissioner
PT Medco Energi Internasional Tbk (MEDC) has agreed to distribute a substantial dividend and restructure its management team. This decision was reached during the General Meeting of Shareholders (RUPS) held on 4 June 2026.
According to information disclosure, the meeting approved a dividend distribution of US$87 million, equivalent to approximately IDR 1.57 trillion (at an exchange rate of IDR 18,080). This distribution utilises 86.20% of the net profit for the 2025 fiscal year, which totalled US$100.92 million.
The total cash dividend takes into account the interim dividend previously distributed by MEDC on 28 November 2025, amounting to US$42 or approximately IDR 28.4459 per share. Consequently, the final cash dividend to be distributed will be US$45 million, or approximately US$0.0018 per share. The Rupiah value will be adjusted based on the Bank Indonesia middle exchange rate on the recording date, which is 18 June 2026.
The remaining portion of the net profit attributable to shareholders, amounting to US$13.92 million, has been designated as Retained Earnings.
The shareholders also approved the honourable dismissal of Roberto Lorato and Anthory R. Mathias from their positions as Directors of MEDC, effective from 4 June 2026. The meeting subsequently approved the appointment of Benny Setiawan and Sanjeev Bansal as Directors.
Furthermore, the meeting agreed to the dismissal and reappointment of Hilmi Panigoro as President Director, and Ronald Gunawan and Amri Siahaan as Directors.
Regarding the Board of Commissioners, MEDC shareholders agreed to the appointment of Roberto Lorato and Royke Tumilaar as Commissioners of the Company and Independent Commissioner, respectively. Notably, Royke is the former President Director of PT Bank Negara Indonesia (Persero) Tbk (BBNI).
The meeting also confirmed the reappointments of Yani Y. Panigoro as President Commissioner, Yaser Raimi A. Panigoro as Commissioner, and Marsillam Simandjuntak as Independent Commissioner.
As a result, the composition of the Board of Directors and Board of Commissioners of MEDC, effective from the close of the meeting until the Annual General Meeting for the 2030 fiscal year to be held in 2031, is as follows:
Board of Directors:
President Director: Hilmi Panigoro
Director: Ronald Gunawan
Director: Amri Siahaan
Director: Benny Setiawan
Director: Sanjeev Bansal
Board of Commissioners:
President Commissioner: Yani Y. Panigoro
Commissioner: Yaser Raimi A. Panigoro
Commissioner: Roberto Lorato
Independent Commissioner: Marsillam Simandjuntak
Independent Commissioner: Royke Tumilaar