PT Indocement Plans Share Buyback Worth Rp 750 Billion

PT Indocement Tunggal Prakarsa Tbk (INTP) plans to carry out a share buyback valued at up to Rp 750 billion. The buyback period is scheduled to run from 22 May 2026 to 21 May 2027. In accordance with applicable regulations, the number of shares to be repurchased will not exceed 10 per cent of the issued capital. The issued capital of PT Indocement amounts to Rp 1.757 trillion, divided into 3.5 billion shares. Management of PT Indocement stated that the reason for the buyback is that the company’s shares are currently believed to be undervalued. “The share buyback can be one way to enhance and improve market perception of the company, which is currently in a net-cash position, with management confident in the company’s future,” management wrote in a disclosure on the Indonesia Stock Exchange on Tuesday, 14 April 2026. PT Indocement hopes the share buyback will provide a good return for shareholders and increase investor confidence. Thus, the company’s share price can reflect its true fundamental condition. On Wednesday, 15 April 2026 at 11:59, PT Indocement’s share price was recorded at Rp 5,300 per share. Year to date, Indocement’s share price has plunged by 28.38 per cent. According to management, the implementation of the share buyback will not result in a decrease in revenue and will not have a negative impact on the company’s financing costs, as the funds used are internal company funds. Management also believes the buyback will not affect the company’s earnings performance. PT Indocement also announced that it will retire some shares from the buyback results carried out in 2021 and 2022 as a capital reduction of 84,529,400 shares. According to management, this capital reduction is a company strategy in relation to the significantly fluctuating market conditions. “The company plans to reduce capital through the retirement of treasury shares from the previous buyback, as an effort to maintain share trading stability in the capital market amid high volatility and to increase investor confidence,” said PT Indocement’s management.