Business Context and Reporting Period
Company: Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom Indonesia)
Filing Type: Form 6-K (Update of Disclosure)
Date: June 4, 2026
Subject: Update regarding a proposed share buyback program to comply with Financial Services Authority (OJK) Regulation No. 29 of 2023. The company operates in telecommunications networks, services, and information technology.
Key Financial Metrics and Buyback Details
Buyback Budget: Up to Rp4,000,000,000,000 (4 trillion Rupiah).
Source of Funds: Internal cash reserves (no new debt or public offering).
Maximum Share Repurchase: Up to 10% of issued and paid-up capital.
Pro Forma Financial Impact (Based on Dec 31, 2025 Audited Data):
| Metric | Before Buyback | After Buyback (Max) |
|---|---|---|
| Total Assets (IDR Billion) | 287,759 | 282,280 |
| Total Equity (IDR Billion) | 150,537 | 145,058 |
| Net Earnings (IDR Billion) | 17,814 | 17,814 |
| Earnings Per Share (IDR) | 179.8 | 183.1 |
Liquidity Constraint: Free float must remain at or above 15% of total listed shares.
Material Changes and Timeline
This filing updates a previous disclosure from May 1, 2026. Key timeline events include:
- General Meeting of Shareholders (GMS) Approval: Scheduled for June 8, 2026.
- Buyback Period: June 9, 2026, to June 8, 2027 (maximum 12 months).
- Execution Method: Can be conducted gradually or all at once, either on the Stock Exchange or privately.
Management Commentary, Risks, and Outlook
Strategic Rationale: Management aims to strengthen confidence in long-term value, align market conditions with fundamentals, and support sustainable growth.
Impact on Operations: The company asserts the buyback will not materially affect revenue, business activities, or financing costs due to sufficient working capital.
Price Limitations:
- 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 company may terminate the buyback early if the target is reached, funds are fully utilized, the 12-month period expires, or if deemed necessary. Insider trading restrictions apply to directors, employees, and principal shareholders during the buyback period.
Investor Verification Checklist
- Confirm the final approval of the buyback at the GMS on June 8, 2026.
- Monitor the actual execution volume versus the maximum Rp4 trillion budget.
- Verify that the free float remains above the 15% regulatory threshold post-buyback.
- Review subsequent filings for any changes in the buyback timeline or termination notices.
- Assess the impact of the reduced equity base on future dividend payout ratios.