Indonesian Companies Boost Share Buyback Plans as Year Nears End

Market Stabilization Efforts

As 2025 draws to a close, several Indonesian listed companies have announced aggressive share buyback plans to stabilize their stock prices. The move comes amid market volatility and reflects companies' confidence in their intrinsic value.

Key Buyback Announcements

• PT Kalbe Farma Tbk (KLBF): Plans to buy back shares worth a maximum of Rp 250 billion from December 16, 2025, to March 15, 2026.
• PT Gema Grahasarana Tbk (GEMA): Will spend up to Rp 7 billion on share buybacks between December 12, 2025, and March 12, 2026. The amount depends on prevailing market prices.
• PT Darma Henwa Tbk (DEWA): Has been buying back shares since November 19, 2025, with the buyback period ending on February 19, 2026. Initially planning to spend Rp 1.7 trillion, DEWA reduced the allocation to Rp 950 billion.

Strategic Implications

These buyback plans demonstrate companies' efforts to support their stock prices during a period of market uncertainty. By repurchasing shares, these companies signal confidence in their financial health and future prospects. The buyback announcements also highlight the companies' commitment to enhancing shareholder value.

Market Context

The recent surge in buyback activities reflects broader market trends and corporate strategies in Indonesia. As companies navigate the challenges of a volatile market, buybacks have become an essential tool for managing stock prices and investor sentiment.