JAKARTA – The Annual General Meeting of Shareholders (AGMS) of PT Indocement Tunggal Prakarsa Tbk (INTP) has approved a dividend distribution of IDR 868 billion or IDR 259 per share from its 2024 financial year net profit.

“The cum dividend date on the regular and negotiated markets is Monday, 2 June 2025, while on the cash market it will be Wednesday, 4 June 2025. Dividend payments will be made starting Friday, 20 June 2025,” said INTP President Director Christian Kartawijaya in a written statement on Thursday (22/5).

At the same meeting, INTP shareholders also approved the allocation of the remaining 2024 net profit as retained earnings.

In addition, shareholders approved changes to the company’s management structure, appointing Suharso Monoarfa as Commissioner to replace Kevin Gerard Gluskie, who resigned. Meanwhile, Sunnira Ly was reappointed as Director until the AGMS for the 2027 financial year.

During the meeting, shareholders also approved the cancellation of part of the shares repurchased during the 2021 and 2022 buyback programmes, totalling 165.6 million shares, which will reduce the company’s issued and paid-up capital.

Lastly, shareholders approved a new share buyback programme worth IDR 2.25 trillion, to run until 21 May 2026.

In terms of performance, INTP recorded cement and clinker sales volume of 4,364 thousand tonnes in the first quarter of 2025, a decline of 184 thousand tonnes compared with the same period last year. The decline was attributed to the Idul Fitri holiday.

This drop also led to a 2.6% decrease in net revenue to IDR 3.9 trillion, while net profit for the period fell 11.5% to IDR 210.7 billion. (DH/KR/ZH)