Harum Energy Announces Share Buyback Program

Key Details of the Buyback Plan

PT Harum Energy Tbk (HRUM), a prominent player in the mining sector, has announced plans to implement a share buyback program in the near future. The company has allocated a maximum budget of Rp335 billion for this initiative, which will be funded entirely from its internal cash reserves.

The buyback period is scheduled to commence on January 5, 2026, and will continue until March 17, 2026. During this timeframe, Harum Energy intends to purchase up to 328.16 million shares, representing approximately 2.43% of its paid-up capital.

Rationale and Market Implications

The decision to implement a share buyback program demonstrates the company's confidence in its financial position and future prospects. By reducing the number of outstanding shares, Harum Energy aims to potentially enhance shareholder value and improve earnings per share (EPS) metrics.

The buyback program also signals the company's commitment to returning value to its shareholders, particularly during periods when the management believes the company's shares are undervalued.

Financial Context

The allocated budget of Rp335 billion represents a significant financial commitment by Harum Energy. The use of internal cash reserves for the buyback indicates the company's strong liquidity position and its ability to balance shareholder returns with operational requirements.