JAKARTA – PT Indocement Tunggal Prakarsa Tbk (INTP) has received shareholder approval to carry out a share buyback programme.

The buyback plan was initially announced on 14 April and is now ready to proceed following approval at the Annual General Meeting of Shareholders (AGMS) on Wednesday, 21 May 2025.

This corporate action will run for 12 months, starting from Thursday, 22 May 2025, until 21 May 2026.

INTP has allocated IDR 2.25 trillion for the buyback, which will not exceed 10% of the total paid-up capital, currently valued at around IDR 1.8 trillion.

The funding will be sourced entirely from the company’s internal cash and is confirmed to have no adverse impact on INTP’s performance or growth, given the firm’s strong capital position and positive cash flow.

In the first quarter of 2025, INTP recorded total assets of IDR 30.1 trillion and equity of IDR 22.3 trillion. Net profit for the period stood at IDR 210.7 billion, with basic earnings per share at IDR 62.9.

The buyback is being undertaken because the company believes its shares remain undervalued in the market.

On Thursday, 22 May 2025, INTP shares closed up 5.63% at IDR 5,625 per share. However, since the beginning of the year, the stock has fallen sharply by 24%. (DH/ZH)