Danantara Set to Receive Record Interim Dividends from State-Owned Banks

Significant Dividend Inflow Expected

Danantara Asset Management, the sovereign wealth fund manager, is poised to receive tens of trillions of rupiah in interim dividends from two major state-owned banks: PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) and PT Bank Mandiri (Persero) Tbk. (BMRI). The total dividend inflow is estimated at approximately Rp15.89 trillion, scheduled for distribution in mid-January 2026.

Breakdown of Dividend Payments

1. Bank Rakyat Indonesia (BBRI): Danantara is expected to receive around Rp11.04 trillion in interim dividends. This amount is derived from BBRI's interim dividend of Rp137 per share, with Danantara holding 80,610,976,875 shares, representing 53.18% of BBRI's total shares.
2. Bank Mandiri (BMRI): The dividend inflow from BMRI is estimated at Rp4.85 trillion, based on an interim dividend of Rp100 per share and Danantara's holding of 48,533,333,333 shares, equivalent to 52% of BMRI's total shares.

Payment Schedule and Shareholding Details

• Bank Mandiri: The interim dividend payment is scheduled for January 14, 2026, with the record date set for January 7, 2026.
• Bank Rakyat Indonesia: BRI will distribute its interim dividend on January 15, 2026, following the record date of January 2, 2026.

Impact on Stakeholders

The substantial dividend payout will primarily benefit Danantara Asset Management due to its majority stake in both banks. Additionally, Indonesia Investment Authority (INA), another state-owned investment vehicle, is also set to receive a significant amount from BMRI's dividend distribution, estimated at around Rp746.66 billion.

Financial Implications

The interim dividend payments underscore the strong financial performance of both BBRI and BMRI during the first nine months of 2025. The distributions are based on the banks' financial results as of September 30, 2025, and have been approved by their respective boards of commissioners. The payments are not expected to materially impact the banks' operational activities or financial standing.