PT Bukit Asam considers share buyback following profit surge

PT Bukit Asam Tbk (PTBA), a member of the state-owned mining holding company MIND ID, is currently evaluating strategic corporate actions, including a potential share buyback. The company stated that management is conducting an in-depth study of various options to maintain company value stability and provide sustainable added value for shareholders and stakeholders.

The potential buyback comes amid strong financial performance. In the first half of 2026, PTBA reported revenue of Rp22.03 trillion, an 8% year-on-year increase. Net profit for the same period reached Rp2.65 trillion, representing a significant 218% year-on-year growth, supported by operational recovery in the second quarter.

Corporate Secretary Division Head Eko Prayitno noted that any decision regarding a buyback or other strategic actions will be based on macroeconomic conditions, energy industry trends, and capital market dynamics. The company emphasized that all decisions will adhere to principles of prudence, good corporate governance, and applicable regulations, including disclosure requirements from the Financial Services Authority (OJK) and the Indonesia Stock Exchange (BEI).