Rights Issue and Share Buyback Approved, TBS (TOBA) Strengthens Capital

JAKARTA, KOMPAS.com – PT TBS Energi Utama Tbk (TOBA) has obtained shareholder approval to explore corporate actions through a limited public offering (rights issue) and to implement a share buyback programme at the 2026 Annual General Meeting of Shareholders (RUPST) and Extraordinary General Meeting of Shareholders (RUPSLB) on Thursday (16/4/2026). This approval forms part of the company’s efforts to strengthen its capital structure and maintain funding flexibility amid plans for sustainable business development. In its statement, management noted that the rights issue is being prepared as a strategic option to reinforce the company’s financial structure, particularly in supporting the development of green projects in the future. Additionally, the company announced the share buyback programme as part of its capital management strategy. Management views the buyback as reflecting confidence in the company’s fundamentals and long-term growth prospects. “Alongside this, the company announces the Share Buyback Programme (share buyback), a step that affirms management’s confidence in the company’s strong fundamentals and long-term growth prospects,” the company stated. “We greatly appreciate the support and trust given by shareholders to TBS’s long-term vision and strategy,” said Dicky. He added that this approval is seen as strengthening the company’s foundation in continuing its business transformation towards sustainable energy. “Approval of all RUPS agendas strengthens our foundation to continue the transformation as a resilient and competitive sustainable energy company. Every decision taken today is designed to support the achievement of TBS2030 milestones while ensuring healthy and sustainable growth,” he said. Management stated that the dividend distribution decision reflects confidence in the company’s cash flow fundamentals. “This dividend distribution decision is a reflection of management’s fundamental confidence in the company’s cash flow strength and ongoing commitment to delivering real value to shareholders, even amidst macroeconomic challenges during this period,” management wrote. In addition to the capital agenda, shareholders also approved changes to the composition of the Board of Commissioners.