ERAA - To buyback shares worth IDR50 bn

ERAA - To buyback shares worth IDR50 bn Erajaya Swasembada (ERAA) plans an IDR50 bn share buyback from 14’Apr-13’Jul 2025, aiming to stabilize its stock amid market volatility and reflect management’s confidence in its long-term prospects. Backed by strong capital structure and sufficient cash flow, the buyback is not expected to impact ERAA’s financial health. The company continues to diversify its business beyond tech retail into electric vehicles and F&B through partnerships with global brands, reinforcing its growth outlook and market resilience. Note that, ERAA recorded a 25% yoy net profit growth at IDR1.03 tn in FY24 as its revenue grew 8.55% yoy to IDR65.27 tn. (Source : Investor Daily)