Prodia prepares Rp150 billion buyback to maintain share price stability
PT Prodia Widyahusada Tbk (PRDA) plans to carry out a share buyback of up to Rp150 billion as a commitment to maintaining share price stability while strengthening shareholder confidence in the company’s long-term prospects. The buyback will be carried out within three months of its announcement, from 20 August 2026 to 19 November 2026, in accordance with POJK Number 13 of 2023, POJK Number 29 of 2023, and OJK Letter Number S-10/D.04/2026 dated 13 March 2026.
“As a company with strong fundamentals, we view the buyback as a strategic step to demonstrate the company’s confidence in its long-term business prospects,” said Prodia President Director Liana Kuswandi in an official statement in Jakarta on Wednesday. Amid stock market dynamics, she said the company wants to continue strengthening investor confidence while optimising value for shareholders.
“The company will carry out the buyback prudently while upholding the principles of Good Corporate Governance (GCG) and complying with all applicable laws and regulations,” Liana said.
Director of Finance & Sustainability and Corporate Secretary of Prodia, Marina Eka Amalia, added that the share buyback will be carried out in a measured manner while prioritising the principle of prudence in the company’s financial management. “This buyback is supported by the company’s healthy liquidity, cash flow and fundamentals. This step also reflects management’s confidence in the company’s improving performance and future business growth prospects,” Marina said.
The company views that the current share price does not yet fully reflect the company’s fundamentals, so the share buyback is a form of capital allocation deemed appropriate to create long-term value for shareholders. The company confirmed that the buyback funding will come entirely from internal cash, so it will not disrupt operational activities, expansion plans, or the ability to meet all of the company’s financial obligations.
“The company remains committed to maintaining financial discipline while supporting sustainable business growth,” Marina said. She explained that the share buyback is a strategic step to support long-term growth, maintain share price stability, strengthen market confidence, and optimise the capital structure so as to provide sustainable value for shareholders.
The company believes that the share buyback will not have a material impact on operational activities or financial performance because it is supported by adequate working capital and cash flow. “We express our appreciation for the trust of all shareholders and will continue to focus on strengthening business fundamentals, implementing good corporate governance, and creating long-term value for all stakeholders,” Marina said.