JAKARTA – PT Barito Pacific Tbk. (BRPT), a prominent conglomerate, has publicly addressed its planned IDR 1 trillion share buyback amidst recent capital market turbulence triggered by decisions from Morgan Stanley Capital International (MSCI).
Agus Salim Prajogo, President Director of Barito Pacific, clarified that the decision to conduct the share buyback was not a direct reaction to the Indonesian Stock Exchange (IHSG) experiencing volatility following MSCI’s rebalancing. “This decision was made prior [to the stock market volatility stemming from MSCI sentiment],” Prajogo stated to Bisnis on Wednesday, February 4, 2026.
Nevertheless, the son of conglomerate Prajogo Pangestu declined to comment on the stock market’s recent turmoil over the past week. “No comment on that, we just focus on our work… It’s just an index, right?” Agus added concisely.
In a recent disclosure, BRPT’s management officially announced its plan for a stock repurchase, earmarking a maximum allocation of IDR 1 trillion. This strategic action is scheduled to commence on February 4, 2026, and conclude by May 3, 2026.
Assessing Opportunities in Prajogo Pangestu’s Barito Pacific (BRPT)
BRPT anticipates that the share buyback transaction will not have any material negative impact on its business operations. The company assures investors that it possesses ample working capital and robust cash flow to comfortably finance the repurchase.
Furthermore, the execution of the buyback is not expected to diminish the company’s revenue. BRPT also highlights that this move is intended to provide greater flexibility in achieving an efficient capital structure and to better reflect the company’s strong performance through its share price. “The expenses associated with executing this buyback will be sourced entirely from the company’s internal cash reserves,” a company statement affirmed.
As of September 30, 2025, BRPT reported a net profit for the current year attributable to owners of the parent entity of US$582.14 million. Concurrently, its total assets stood at an impressive US$16.01 billion, with total equity reaching US$6.37 billion.
To facilitate the share repurchase, BRPT has appointed PT Sucor Sekuritas. This appointed broker will manage the execution of the buyback through trading on the Indonesia Stock Exchange (BEI) throughout the designated period.