Prodia Prepares Share Buyback Amid Strengthening Performance
PT Prodia Widyahusada Tbk (PRDA) is again planning to carry out a buyback of the company’s shares that have been issued and listed on the Indonesia Stock Exchange (BEI). This step is a continuation of the buyback programme implemented in 2025 as part of the company’s commitment to maintaining share price stability amid significantly fluctuating market conditions and to strengthening shareholder confidence in the company’s fundamentals and long-term prospects.
The company has prepared funds of up to Rp150 billion for the buyback, including transaction costs, sourced entirely from the company’s internal cash. The buyback will be carried out in stages or at once through the BEI in accordance with market conditions and applicable regulations. The buyback plan is implemented in accordance with Financial Services Authority (OJK) regulations, namely POJK Number 13 of 2023, POJK Number 29 of 2023, and OJK Letter Number S-10/D.04/2026 dated 13 March 2026.
Under these regulations, the company may carry out the buyback without first obtaining approval from the General Meeting of Shareholders (RUPS). The company has conveyed the plan through Information Disclosure to shareholders, and the buyback will be carried out through the BEI for a maximum period of 3 months, from 20 August 2026 to 19 November 2026.
President Director Liana Kuswandi said that the buyback is part of a strategy to create long-term value for all shareholders. “As a company with strong fundamentals, we view the buyback as a strategic step to demonstrate the company’s confidence in Prodia’s long-term business prospects.”
Finance & Sustainability Director, who is also the company’s Corporate Secretary, Marina Eka Amalia, added that the buyback is being 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 that the buyback funding comes entirely from internal cash, so it does not disrupt operational activities, expansion plans, or the company’s ability to meet all its financial obligations. The company remains committed to maintaining financial discipline while supporting sustainable business growth.