Business · Companies · 11 hrs ago
PT Bukit Asam studies possible share buyback
Indonesian coal company PT Bukit Asam is studying a possible share buyback, which would mean buying back its own shares.
The company says it is considering the move to help support its value and provide lasting benefits to shareholders and other stakeholders.
In the first half of 2026, revenue rose 8% to 22.03 trillion rupiah and net profit rose 218% to 2.65 trillion rupiah compared with the same period a year earlier.
PT Bukit Asam produced 19.45 million tonnes of coal and sold 21.10 million tonnes, including 10.77 million tonnes to the domestic market.
The company has not decided whether to buy back shares and says it is weighing market conditions, available cash, working capital needs and long-term plans.
If it decides to proceed, it will disclose the plan under Indonesian market rules.
PT Bukit Asam is reviewing corporate options, including a possible share buyback.
The company says the review aims to help maintain its value and provide lasting protection and added value for shareholders and stakeholders.
No decision to carry out a buyback has been announced.
In the first half of 2026, PTBA reported revenue of Rp22.03 trillion and net profit of Rp2.65 trillion.
The company said any decision would consider liquidity, working capital needs and long-term business development plans.
- Who
- PT Bukit Asam (PTBA), an Indonesian state-owned company.
- What
- It is reviewing corporate strategies, including a possible share buyback; no decision to proceed has been announced.
- When
- The announcement was made on October 23, 2026.
- Where
- Jakarta, Indonesia.
- Why
- The company says the review is intended to help maintain its value and protect and add lasting value for shareholders and stakeholders.
This story does not have two clearly opposing sides.
PTBA reported revenue of Rp22.03 trillion, net profit of Rp2.65 trillion, coal production of 19.45 million tonnes and sales of 21.10 million tonnes.
PTBA said it was reviewing corporate strategies, including a possible share buyback.
- Company
- PT Bukit Asam (PTBA)
- Review
- Possible share buyback among the strategies under consideration
- First-half 2026 revenue
- Rp22.03 trillion, up 8% year on year
- First-half 2026 net profit
- Rp2.65 trillion, up 218% year on year
- Coal sales
- 21.10 million tonnes in the first half of 2026
2 sources
What people are saying
We understand the importance of responding wisely to market dynamics. PTBA Management is currently conducting an in-depth review of various strategic options, including a potential share buyback, to ensure every decision is based on measured prudence, good corporate governance, and the applicable regulatory framework.
If, following the in-depth review, Management decides to execute a share buyback plan or other strategic corporate action, PTBA will promptly disclose information in accordance with the provisions set by the Financial Services Authority and the Indonesia Stock Exchange.