PT Prodia Widyahusada Tbk plans to repurchase up to Rp150 billion (approximately $8.4 million) of its publicly traded shares using internal cash reserves to support its market valuation amid broader equity-market volatility (19/8).

The Prodia share buyback will run for three months, from August 20, 2026, to November 19, 2026. The purchases will be conducted gradually or through block transactions, depending on liquidity conditions in the secondary market.

President Director Liana Kuswandi said the buyback reflects management’s confidence in Prodia’s long-term business performance and aims to strengthen investor confidence while optimizing returns for shareholders.

"As a business anchored by sound fundamentals, we view this buyback as a calculated step to signal our confidence in Prodia’s long-term trajectory," President Director Liana Kuswandi said during a briefing on Wednesday, August 19, 2026. "Amid persistent market fluctuations, our objective is to reinforce investor conviction while optimizing total returns for our equity holders."

Prodia Plans Rp150 Billion Share Buyback

The planned repurchase follows a similar market intervention conducted by Prodia on the Indonesia Stock Exchange (IDX) in 2025.

The company will fully fund the Rp150 billion program through its internal treasury reserves. Management said the move is intended to address the company’s market valuation amid continued fluctuations in the equity market.

Prodia is among mid-cap corporate issuers operating in a market environment affected by foreign-exchange movements and broader macroeconomic changes.

Prodia Buyback to Run From August to November 2026

The buyback will begin on August 20, 2026, and end on November 19, 2026.

Prodia will determine whether to purchase the shares gradually or through block transactions based on liquidity in the secondary market.

The company said the program is designed to reinforce investor confidence while optimizing total returns for its shareholders.

"We intend to execute this buyback prudently, adhering strictly to good corporate governance principles and complying with all prevailing statutory mandates," Kuswandi said.

Regulatory Rules Allow Buyback Without Shareholder Approval

Prodia is conducting the share repurchase under regulatory provisions established by the Otoritas Jasa Keuangan (OJK), Indonesia’s financial services regulator.

The company said POJK No. 13/2023, POJK No. 29/2023, and circular letter S-10/D.04/2026 allow the company to conduct the buyback without holding an extraordinary general meeting of shareholders (RUPS).

The regulatory framework provides listed companies with flexibility to conduct share repurchases during periods of excessive market volatility.

Prodia Says Buyback Will Not Affect Operations

Management said the use of internal cash reserves for the buyback will not affect Prodia’s operational expansion or working-capital requirements.

Marina Eka Amalia, Prodia’s finance and sustainability director and corporate secretary, said the company believes its current equity price does not fully reflect its underlying performance.

"We believe PRDA’s current equity price does not fully capture the company’s underlying performance, making this buyback a disciplined capital-allocation tool to generate value," Amalia said.

Amalia also said Prodia maintains a robust cash runway and positive operating cash flows.

The company therefore expects debt service, routine maintenance, and ongoing clinic upgrades to continue without disruption.

"Management appreciates the continued confidence of our shareholders," Amalia said. "We will remain centered on core operational execution, rigorous governance standards, and long-term enterprise value creation for all stakeholders."

PHOTO: PRODIA

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