Merdeka Battery (MBMA) to Buyback 1.8 Billion Shares to Support Share Price Stability

PT Merdeka Battery Materials Tbk (MBMA) has announced plans to conduct a share buyback programme. This measure is being undertaken in response to significant market volatility, with the company set to repurchase up to 1.8 billion shares.

“The share buyback is being conducted to maintain share price stability and enhance investor confidence, so that the company’s share price reflects its fundamental value more fairly,” the management stated on Tuesday, 17 March 2026.

According to Indonesia Stock Exchange (IDX) disclosure requirements, the buyback execution period runs from 17 March to 16 June 2026.

The maximum fund allocation earmarked for the share buyback programme is IDR 1.7 trillion and will be executed in stages over a maximum period of three months following this announcement.

“The total nominal value of all shares to be repurchased by the company will depend on the actual number of shares repurchased by the company during the implementation of the share buyback,” management noted.

Management has also confirmed that the funding sources for the share buyback programme comply with the provisions of POJK 13/2023 and POJK 29/2023 (Financial Services Authority Regulations).

The company estimates that the share buyback will not result in a decline in revenue and will not impact the company’s financing costs.

Management emphasised that this corporate action will not result in material changes to the company’s pro forma earnings per share.

“The share buyback will affect the weighted average number of ordinary shares outstanding, but will not create adverse effects such as a decline in company revenue,” it stated.