News & Event

The Annual General Meeting of Shareholders (“AGMS”) of PT Indocement Tunggal Prakarsa Tbk. (the “Company”) for the 2024 financial year held today, Wednesday, 21 May  2025, in Jakarta, has approved the net profit for the current year of the 2024 financial year attributable to the owners of the Company’s parent entity amounting to IDR867.643.239.841 (Eight hundred sixty-seven billion, six hundred forty-three million, two hundred thirty-nine thousand, eight hundred forty-one Rupiah) as follows:

• Distribute cash dividends to the Company's shareholders in the amount of Rp259 (Two hundred fifty-nine Rupiah) per 1 (one) share, without taking into account the number of shares controlled by the Company due to the repurchase of shares by the Company (treasury shares), with the total dividend value of IDR867.643.239.841 (Eight hundred sixty-seven billion, six hundred forty-three million, two hundred thirty-nine thousand, eight hundred forty-one Rupiah)
• The remaining net profit for the 2024 Financial Year after the distribution of the cash dividend will be recorded as part of the undetermined retained earnings balance.
• The Shareholders who are entitled to receive the dividend are those whose names are registered in the Company's Register Shareholders on 4 June 2025 at 4 PM Western Indonesian Time.

Regarding to the regulation of the Indonesia Stock Exchange, cum dividend period for regular market and negotiation market is on Monday, 2 June 2025; and the ex-dividend is on Tuesday, 3 June 2025. While the cum dividend for the cash market is on Wednesday, 4 June 2025 and the ex-dividend is on Thursday, 5 June 2025. Dividend payments shall be distributed starting Friday, 20 June 2025. Tax for cash dividend will be applied according to Indonesian taxation regulation.

The Shareholders approved the Changes of the Company's management as follows:

• To approve and accept the resignation of Mr. Kevin Gerard Gluskie as the Company's Commissioner effective as of the closing of the AGMS and appointed Mr. Suharso Monoarfa to replace Mr. Kevin Gerard Gluskie as the Company's Commissioner effective as of the closing of this Meeting, for the remaining term of office of Mr. Kevin Gerard Gluskie;
• To approve the reappointment of Mr. Sunnira Ly as the Company's Director effective as of the closing of this Meeting until the closing of the AGMS.

Thus, the composition of the Board of Commissioners and Board of Directors as of the closing of the Company’s Annual General Meeting of Shareholders for the financial year 2026, to be convened in 2027, except for Mr. Roberto Callieri ,will be ended until the closing of the Company's Annual General Meeting of Shareholders for the financial year 2025 to be convened in 2026, and Mr. Sunnira Ly, will be ended until the closing of the Company's Annual General Meeting of Shareholders for the financial year 2027 to be convened in 2028, are as follows:

Board of Commissioners

• President Commissioner: Roberto Callieri
• Vice President Commissioner/ Independent Commissioner: Tedy Djuhar    
• Vice President Commissioner/ Independent Commissioner: Simon Subrata   
• Commissioner: Franciscus Welirang
• Commissioner: Juan Francisco Defalque
• Commissioner:   René Samir Aldach
• Commissioner:   Suharso Monoarfa

Board of Directors

• President Director: Christian Kartawijaya
• Vice President Director: Benny Setiawan Santoso
• Director: Hasan Imer
• Director: Troy Dartojo Soputro
• Director: Oey Marcos
• Director: Holger Mørch
• Director: Sunnira Ly

The Extraordinary General Meeting of Shareholders (EGMS) of PT Indocement Tunggal Prakarsa Tbk. (the “Company”) for 2025 approved the following decisions: 

• To approve the withdrawal of part of the shares resulting from the Company's share buyback carried out in 2021 and 2022 by reducing the Company's issued and paid-up capital by 165,628,900 shares, each share with a nominal value of Rp500;
• To approve the reduction of the Company's issued and paid-up capital which originally amounted to Rp1,840,615,849,500 divided into 3,681,231,699 shares, each share with a nominal value of Rp500, reduced to Rp1,757,801,399,500 divided into 3,515,602,799 shares, each share with a nominal value of Rp500;
• To approve the buyback of the Company's shares at a maximum cost of Rp2,250,000,000,000 including brokerage commissions and other costs from 22 May 2025 to 21 May 2026.

The press release for the 2025 AGMS and EGMS can be downloaded here!