Business Context and Reporting Period
Company: Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom Indonesia)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: May 1, 2026
Subject: Disclosure of Information regarding a proposed Share Buyback program.
Business Activities: Provision of telecommunications networks and services, information technology, and resource optimization.
Key Financial Metrics and Buyback Details
Buyback Value: Estimated up to Rp1,000,000,000,000.00 (one trillion Rupiah).
Share Limit: Maximum of 10% of issued and paid-up capital.
Free Float Requirement: Post-buyback free float must not be lower than 15% of total listed shares.
Pro Forma Financial Impact (Based on Sept 30, 2025 Data):
| Metric | Before Buyback (IDR Billion) | Impact (IDR Billion) | After Buyback (IDR Billion) |
|---|---|---|---|
| Total Assets | 291,897 | (1,000) | 290,897 |
| Total Equity | 155,012 | (1,000) | 154,012 |
| Net Earnings (9 Months) | 15,784 | - | 15,784 |
| Earnings Per Share (IDR) | 159.33 | - | 159.82 |
Liquidity & Funding: Funded entirely from internal cash optimization. No public offerings or new debt will be incurred.
Material Changes and Projections
- Revenue Impact: Management states the buyback will not materially decrease company revenue.
- Balance Sheet: Total assets and equity are projected to decrease by up to Rp1 trillion if the maximum buyback amount is utilized.
- Earnings Per Share: Pro forma analysis indicates a slight increase in EPS from 159.33 IDR to 159.82 IDR due to the reduction in share count.
- Financing Costs: Expected to have a minimum impact on financing costs.
Guidance, Outlook, and Risks
Management Commentary: The buyback aims to strengthen confidence in long-term value, maintain harmony between market conditions and fundamentals, and support sustainable growth. Management asserts sufficient working capital exists to finance the buyback alongside ongoing operations.
Timeline:
- Announcement: May 1, 2026
- Shareholder Approval (GMS): June 8, 2026
- Execution Period: June 9, 2026 to June 8, 2027 (12 months max)
Pricing Constraints:
- On-Exchange: Bid price must be lower than or equal to the most recent transaction price.
- Off-Exchange: Price must not exceed the average daily closing price over the last 90 days.
Risks and Contingencies:
- The program may be terminated early if the target is reached, funds are fully utilized, or the 12-month period elapses.
- Treasury shares acquired will not carry voting rights or be entitled to dividends.
- Insiders and related parties are prohibited from trading on the same day as the buyback execution.
Investor Verification Checklist
- Verify the final approval of the buyback at the General Meeting of Shareholders scheduled for June 8, 2026.
- Monitor the actual execution volume and average price paid during the June 2026–June 2027 period.
- Confirm that the post-buyback free float remains above the 15% regulatory threshold.
- Review subsequent quarterly reports to ensure the projected EPS increase materializes and liquidity remains sufficient for operations.
- Check for any announcements regarding early termination of the buyback program.