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Jakarta, June 8, 2026 — PT Telkom Indonesia (TLKM) convened its Annual General Meeting of Shareholders (AGMS) today, setting the stage for pivotal decisions on dividend distribution and a Rp4 trillion share buyback program.
The meeting reflects Telkom’s dual strategy of rewarding shareholders while reinforcing investor confidence amid market volatility.
Dividend Policy
Telkom’s management emphasized that the cash dividend for fiscal year 2025 will be maintained at least at last year’s level, with potential for an increase.
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President Director Dian Siswarini noted that the final figure rests with controlling shareholders, underscoring the government’s influence as majority owner.
The dividend decision is seen as a signal of Telkom’s strong cash flow and commitment to shareholder returns.
Buyback Program
The AGMS also approved a share buyback worth up to Rp4 trillion, financed entirely from internal cash reserves.
The program includes transaction fees and intermediary costs, with execution possible through the Indonesia Stock Exchange or off-market transactions.
Telkom has flexibility to conduct the buyback gradually or in one tranche, but completion must occur within 12 months of shareholder approval.
This move is widely interpreted as a stabilizing measure, aimed at supporting Telkom’s share price during a period of market uncertainty.
Governance and Strategic Planning
Beyond dividends and buybacks, shareholders ratified the 2025 consolidated financial statements and delegated authority for the Long Term Corporate Plan (2026–2030) as well as the Work Plan and Budget for 2027.
The meeting also opened the door to potential changes in board composition, reflecting Telkom’s ongoing governance adjustments.
The timing of Telkom’s measures is notable. The Jakarta Composite Index (IHSG) has recently fallen more than 2%, raising concerns among investors.
Telkom’s dividend assurance and buyback initiative are expected to provide a buffer against broader market pressures, reinforcing its role as a stabilizing force in Indonesia’s capital market.
The buyback signals Telkom’s readiness to defend its valuation and reassure investors.
Maintaining or raising dividends strengthens Telkom’s appeal to income-focused shareholders.
As a state-owned enterprise, Telkom’s decisions align with government priorities to sustain economic resilience.
Telkom’s actions may set a precedent for other Indonesian state-owned enterprises considering similar measures.
The combination of dividends and buybacks is likely to attract both domestic and foreign investors seeking stability in emerging markets.
