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SMGR - To buyback shares worth IDR300 bn Semen Indonesia (SMGR) plans to conduct a share buyback worth IDR300 bn, pending approval at its Annual General Meeting of Shareholders (AGMS) on May 23, 2025, with the buyback period set between May 24, 2025, and May 23, 2026. The program will be executed in two stages, combining an initial phase without shareholder approval, under OJK regulations for fluctuating market conditions, and a second phase requiring AGMS approval. SMGR believes this buyback reflects its strong fundamentals and commitment to long-term growth, while also preparing for a future employee and management stock ownership program. The company emphasized that the buyback will not materially impact its operations or financial health, supported by strong cash flow and working capital. Unfortunately, SMGR’ revenue and net profit declined, 6.38% yoy to IDR36.19 tn and 66.38% yoy to IDR771.67 bn, respectively in FY24. (Source : Emiten News)