Q1 2025, Indocement Controls 30.1% of Cement Market in Indonesia. Q1 2025 Overview, namely:
- From ASI data, domestic cement market weakened -7.8%, with the contraction in both bag market by -4.4% and bulk market by -15.3%
- Bag market proportion increased to 71.7% from same period last year of 69.3%.
- Indocement recorded domestic (cement and clinker) volume of 4,290 thousand tons or down -4.2%, while export volume improved +6.6% at 74 thousand tons
- Outperforming the industry performance, referred to Indonesia Cement Association (ASI) data, our overall domestic market share improved from 29.5% in Q1 2024 to 30.1% in Q1 2025, with Java 37.9% and outside Java 21.9%
- Strong cash position at IDR4.2 trillion by 31 March 2025
- Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) are to be held on 21 May 2025. EGMS’ agenda:
- Proposing to cancel 50% of existing treasury stocks
- Proposing 3rd round of share buyback program with the amount up to IDR2.25 trillion and the period of buyback up to May 2026.
