SIDO – Moves up share buyback to 21 March 2025

SIDO – Moves up share buyback to 21 March 2025 Industri Jamu dan Farmasi Sido Muncul (SIDO) has revised its share buyback schedule in response to new regulations from the Financial Services Authority (OJK), which now allows public companies to repurchase shares without shareholder approval. The company plans to buy back 450 mn shares, or 1.5% of its total outstanding shares, with an allocated budget of IDR300 bn. The buyback will take place from 21’Mar-20’Jun 2025, with a maximum price of IDR760 per share. Sido Muncul assures that the buyback will not significantly impact its financial performance, as it maintains strong cash flow and working capital. Note that, SIDO recorded revenue of IDR3.92 tn (+9.90% yoy) and net profit of IDR1.17n (+23.18% yoy) in FY24. (Source : Emiten News)