Indocement successfully maintained solid profit growth in the first quarter of 2026 amidst market challenges. The following is an overview of its first-quarter 2026 performance:
- Domestic cement market expanded +4.6% in Q1 2026, supported by +6.7% growth in the bag segment, while the bulk segment weakened -0.7%.
- Indocement’s domestic cement volume fell -2.6% in Q1 2026, with bag down -2.9% and bulk down -1.9%, leading to a domestic market share of 28.0%.
- Our 3rd round of share buyback has met its target, keeping the free float rate at 40%:
- Amount of buyback shares: 66,249,700 shares (1.88%)
- Total amount used: IDR 437bn
- Total treasury shares owned: 231,878,600 shares (6.60%)
- An Extraordinary General Meeting of Shareholders (EGMS) will be held on 21 May 2026 to propose cancelling part of the shares repurchased in 2021 and 2022 as a capital reduction, totaling up to 84,529,400 shares.
- Another share buyback program from 22 May 2026 to 21 May 2027, capped at IDR 750bn.
- Established a joint venture (JV) with Mondi Industrial Bags GmbH (Mondi), part of the Mondi Group, a global company in packaging & paper. It represents a strategic step to strengthen the supporting ecosystem for product quality—particularly through a reliable supply of cement bags. Indocement holds 40% of the JV, while Mondi holds 60%, located at the Indocement Citeureup Factory with Indocement as the primary customer.
- Strong Cash position of IDR 5.1tn by 31 March 2026.
The complete press release can be downloaded in the attachment to this article.
