Prodia Prepares Rp150 Billion Share Buyback, Starting Today
PT Prodia Widyahusada Tbk (PRDA) plans to carry out a share buyback with a maximum value of Rp150 billion. The corporate action is being undertaken amid significantly fluctuating capital market conditions.
According to the company’s information disclosure dated 19 August 2026, Prodia will buy back shares that have been issued and listed on the Indonesia Stock Exchange (BEI). The buyback value is estimated to reach a maximum of Rp150 billion, including transaction costs such as brokerage fees and other expenses.
The buyback will commence on 20 August 2026 and will run no later than 19 November 2026, or for a maximum of three months. Prodia stated that the share repurchase may be carried out in stages or at once through trading transactions on the BEI. The company will also appoint one securities firm to conduct the share repurchase.
In its information disclosure, Prodia said the buyback is being undertaken in consideration of the significantly fluctuating capital market conditions. The company views this step as a strategy to support long-term growth, stabilise the share price, and strengthen market confidence.
“The implementation of this share buyback demonstrates that the company has sufficient liquidity and a healthy financial condition,” Prodia stated in its information disclosure.
Prodia confirmed that the funds for the buyback will come from the company’s internal cash reserves. The funds do not originate from the proceeds of an initial public offering or from loans or debt in any form.
The company also stated that the use of funds for the buyback will not significantly affect its financial ability to meet maturing obligations.
Meanwhile, the number of shares that may be repurchased will not exceed 20% of the company’s paid-up capital. Prodia is also taking into account shares from the 2025 buyback that have now become treasury shares amounting to 5.09%.
Prodia plans to hold the repurchased shares as treasury shares for a maximum of three years after the buyback period ends. The company may still transfer the treasury shares in accordance with applicable regulations.
Notably, based on the pro forma figures submitted by the company, the Rp150 billion buyback is projected to increase basic earnings per share from Rp227.25 to Rp240.33. Meanwhile, return on equity is projected to increase from 8% to 8.5%.
Prodia also stated that the buyback is not expected to have a material negative impact on the company’s business activities, operations, revenue, or growth because it has sufficient working capital and cash flow.