• ADRO to buyback shares worth IDR 4T
Alamtri Resources Indonesia (ADRO) plans to conduct a share buyback program, allocating
up to IDR 4T for the initiative. The buyback will be executed through the Indonesia Stock
Exchange (IDX) gradually over a maximum period of 12 months, starting from 16 May 25, after
approval from the Annual General Shareholders Meeting (RUPST) scheduled for 15 May 25.
The company aims to improve stock liquidity and ensure that its share price better reflects
its fundamental value. ADRO believes this move will enhance shareholder returns and boost
investor confidence. Management emphasizes that the buyback will not negatively impact
the company’s performance or financial condition, as it will be fully funded from internal cash
reserves. (Bisnis Indonesia)
• BNLI to distribute IDR 1.08T dividends
Bank Permata (BNLI) has approved a dividend distribution of IDR 1.08T, equivalent to IDR 30
per share for the 2024 fiscal year, following approval at its AGMS on 9 Apr 25. The bank
recorded a net profit of IDR 3.6T for 2024 with an improved Loan-to-Deposit Ratio (LDR) of
83% (up from 75% in 2023), total assets reaching IDR 259T, and a more efficient Cost-to-
Income Ratio (CIR) of 50%. In terms of lending, Bank Permata saw a 9% yoy growth in credit
disbursement to IDR 155T, led by the corporate segment which grew 12%. (Bisnis Indonesia)
• ITMG to distribute USD 153M dividends
Indo Tambangraya Megah (ITMG) has approved a final dividend distribution of USD 153M
(equivalent to IDR 2,245 per share) during its Annual General Meeting of Shareholders held
on 9 Apr 25. This dividend is part of a total cash dividend of USD 243M for the 2024 fiscal year,
representing 65% of the company’s net profit. Previously, the company had distributed an
interim dividend of USD 90M (IDR 1,228 per share) on 25 Sep 24, with the remaining amount
to be paid on 7 May 25. (Bisnis Indonesia)
