ITMG – IDR2.5 tn buyback approved

ITMG – IDR2.5 tn buyback approved Indo Tambangraya Megah (ITMG) shareholders approved a share buyback of up to IDR2.49 tn, fully funded by internal cash. If completed, the program would represent about 27.5% of ITMG’s free-float market cap as of 3 Nov 2025. (Source : Company) Comment : If ITMG executes the IDR 2.49tn buyback in full (avg. price IDR23k/share), about 108 mn shares (≈9.6% of total) would be repurchased, lifting EPS ~10% (to ~IDR5,740) and cutting free float to ~17%, tightening liquidity but supporting valuations. Dividend payouts are likely to stay high but slightly moderated as ITMG balances cash allocation between dividends and buybacks, signaling a more flexible capital-return strategy to maintain total yields around 5-8%.