JAKARTA – PT Prodia Widyahusada Tbk (PRDA) has allocated IDR 200 billion for a share buyback programme over the next three months, starting from 8 May until 7 August 2025.

According to a disclosure on Wednesday (7/5), PRDA Finance Director Liana Kuswandi said the buyback initiative is part of the company’s strategy to maintain market confidence and create sustainable value.

“We believe it is important to ensure the company’s share price continues to reflect its strong fundamentals,” she said.

She added that the company has the flexibility to repurchase shares at reasonable prices in line with prevailing regulations, while maintaining prudent financial management and good corporate governance.

From the past month up to the first trading session at 09:55 WIB on Wednesday (8/5), PRDA shares have increased 9.88% to IDR 2,670 per share. Over the past week, however, the share price declined by 4.30%.

As of April 2025, PRDA had 937.5 million shares outstanding, with 57% held by controlling shareholders and 43% by non-controlling shareholders. The free float amounted to 262.49 million shares, or 28% of the total.

During the first quarter of 2025, the company recorded cash and cash equivalents of IDR 475.41 billion, up from IDR 441.80 billion. Total assets stood at IDR 2.80 trillion, down from IDR 2.84 trillion, while total liabilities declined to IDR 309.57 billion from IDR 355.45 billion. (LK/ZH)