JAKARTA – PT Kalbe Farma Tbk (KLBF) will distribute a cash dividend of IDR 1.68 trillion, or IDR 36 per share, equivalent to 52% of its net profit for the 2024 financial year. The decision was approved at the Annual General Meeting of Shareholders (AGMS) on Thursday, 22 May 2025.

KLBF Director Kartika Setiabudy stated that the dividend payout is in line with the company’s policy of distributing 45%–55% of annual net profit.

Kartika added that the dividend will be paid no later than 30 days after the AGMS.

“This dividend distribution reflects the company’s commitment to enhancing shareholder value,” said Kartika during a press conference following the AGMS at the Kalbe Business Innovation Center, Jakarta, on Thursday (22/5).

In addition to the dividend, KLBF is also continuing its share buyback programme worth IDR 250 billion to stabilise its share price and signal management’s confidence in the company’s fundamentals.

At the same event, the AGMS also approved changes to the board of commissioners. Ronny Hadiana was appointed President Commissioner, replacing Vidjongtius who has retired, while Herijanto Irawan was appointed Independent Commissioner.

Despite the dividend distribution plan, KLBF shares weakened today, falling 4.25% in a single day to IDR 1,465. As a result, KLBF’s dividend yield stands at just 2.5%.

According to data from IDNFinancials.com, KLBF posted net sales of IDR 8.84 trillion at the end of the first quarter of 2025, up 5.76% from IDR 8.36 trillion in the same period last year.

Meanwhile, KLBF’s net profit rose 12.43% to IDR 1.07 trillion, from IDR 957.56 billion in the corresponding period last year. (DH/ZH)