Flooring Guide by Cinvex – JAKARTA – PT Bukalapak.com Tbk. (BUKA) is set to launch a new stock repurchase program, or buyback, valued at a maximum of Rp420.79 billion. This strategic move aims to bolster investor confidence amid persistent volatility in the stock market.
According to information disclosed by the company on Thursday, October 23, 2025, BUKA’s second buyback phase will commence on October 24, 2025, and conclude on January 23, 2026. This allocated amount represents the remaining portion from a previous buyback fund of Rp1.13 trillion, which ran from July to October 2025.
Bukalapak’s management affirmed, “The company is committed to maintaining confidence in its long-term growth value. This action is being taken to ensure stability between the company’s strong fundamentals and fluctuating market conditions.” This commitment underscores Bukalapak’s proactive approach to market challenges.
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The company has confirmed that the funds for this buyback will be sourced from its internal cash reserves. Importantly, this initiative will not disrupt Bukalapak’s operational activities or its planned expansion strategies, ensuring business continuity and growth momentum.
Bukalapak explicitly stated that it possesses ample liquidity to execute this corporate action without negatively impacting its overall financial performance. This robust financial standing provides a solid foundation for the buyback program.
The implementation of this stock buyback does not require approval from a General Meeting of Shareholders (GMS), aligning with the provisions of POJK No.13/2023 and POJK No.29/2023, which streamline such corporate actions. The purchase price will be dynamically adjusted to prevailing market conditions and deemed fair by Bukalapak’s management.
Management further emphasized that the buyback is expected to strengthen Bukalapak’s capital structure and reflect the company’s strong belief in the intrinsic value of BUKA shares. “The stock repurchase demonstrates that the company is in a healthy financial condition,” the management added, signaling stability and resilience.
Based on the proforma financial statements as of June 30, 2025, Bukalapak reported consolidated total assets of Rp24.07 trillion and equity of Rp23.35 trillion. Following the execution of the previous buyback of Rp1.13 trillion, total assets and equity are projected to decrease by Rp1.13 trillion each, settling at Rp22.94 trillion and Rp22.22 trillion, respectively.
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Meanwhile, the company’s net profit is expected to remain robust at Rp464 billion, with a potential increase in earnings per share (EPS) from 4.5 to 5.6, reflecting efficient management and profitability.
Bukalapak.com Tbk. – TradingView
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Summary
Bukalapak (BUKA) is initiating a new stock buyback program worth up to Rp420.79 billion, scheduled from October 24, 2025, to January 23, 2026. This strategic move aims to bolster investor confidence amid market volatility and represents the remaining portion of a prior Rp1.13 trillion buyback fund. The company emphasized its commitment to maintaining confidence in its long-term growth value and ensuring stability.
The buyback will be funded from internal cash reserves without disrupting Bukalapak’s operations or expansion strategies, given its ample liquidity. This corporate action, which does not require shareholder approval, is expected to strengthen the company’s capital structure and affirm its belief in BUKA shares’ intrinsic value. Bukalapak’s robust financial health is underscored by its Rp464 billion net profit and potential increase in earnings per share.