JAKARTA – PT Sumber Alfaria Trijaya Tbk. (AMRT), the company overseeing the expansive Alfamart minimarket network, has announced a significant share buyback program with a maximum value of IDR 1.5 trillion. This strategic move comes amidst a period of considerable market fluctuations.
Based on the company’s information disclosure released on December 5, 2025, the share buyback is scheduled to take place from December 8, 2025, through March 6, 2026. AMRT emphasized that this corporate action fully complies with the provisions of POJK No. 29/2023 and POJK No. 13/2023, which offer regulatory flexibility for share repurchases during volatile market conditions.
The company has allocated a maximum of IDR 1.5 trillion to repurchase up to 650 million shares. Crucially, this amount will not exceed 20% of the company’s issued and paid-up capital, ensuring that the public shareholding remains at a minimum of 7.5%.
“The share buyback is expected to help stabilize the company’s stock price amidst fluctuating market conditions and enhance investor confidence in the company’s fundamental value,” AMRT management stated in its disclosure on Friday, December 5, 2025.
Furthermore, AMRT management reassured stakeholders that the buyback will not disrupt the company’s operational activities or cash flow, as the entire funding will be sourced from internal cash reserves. Proforma financial statements indicate no significant changes to key performance indicators, with net profit projected to remain stable at IDR 2.31 trillion.
Beyond its immediate goal of stabilizing the stock price, management also views the buyback program as offering substantial long-term flexibility. Treasury shares acquired through this program can be strategically re-sold in the future if the company requires additional capital, providing a valuable financial tool.
The company plans to appoint a securities firm to execute the share repurchase through the Indonesia Stock Exchange (IDX). AMRT also reserves the right to halt the buyback at any time if the allocated funds are fully utilized, the maximum share limit is reached, or based on the company’s discretion.
On the stock exchange, AMRT’s shares were observed to weaken by 0.27%, or 5 points, closing at IDR 1,845 per share at the end of trading on Friday, December 5, 2025. Over the past month, AMRT stock has corrected by 4.65%, and year-to-date in 2025, the issuer, affiliated with conglomerate Djoko Susanto, has seen its value plunge by 34.57%.
Turning to its financial performance, AMRT reported a net profit attributable to the parent entity of IDR 2.31 trillion for the third quarter of 2025 (Q3 2025). This marks a 3.49% year-on-year (YoY) decrease compared to the IDR 2.39 trillion recorded in the same period last year.
Despite the dip in net profit, AMRT’s financial statements reveal a robust 7.09% YoY growth in net revenue, reaching IDR 94.47 trillion in Q3 2025, up from IDR 88.21 trillion in the previous year.
This revenue growth was broad-based, with AMRT experiencing increased income across all regions. Specifically, revenue in the Jabodetabek area rose by 3.11% YoY to IDR 25.46 trillion.
Furthermore, revenue from Java outside Jabodetabek grew by 3.96% YoY, reaching IDR 34.83 trillion. The strongest growth came from areas outside Java, where AMRT’s revenue surged by 14.84% YoY to IDR 36.68 trillion.
Examining segment performance, AMRT’s revenue from the food segment increased by 7.15% YoY to IDR 66.82 trillion. Concurrently, revenue from the non-food segment also saw a healthy rise of 6.96% YoY, reaching IDR 27.64 trillion.
However, this impressive top-line growth was accompanied by a 6.95% YoY increase in AMRT’s cost of revenue, which reached IDR 74.17 trillion. Despite this, the company’s gross profit still managed to grow by 7.6% YoY, settling at IDR 20.3 trillion.
Nonetheless, AMRT observed an escalation in several operating expenses. Notably, Alfamart’s selling and distribution expenses climbed from IDR 15.04 trillion to IDR 16.55 trillion. Additionally, general and administrative expenses for Alfamart increased from IDR 1.57 trillion to IDR 1.7 trillion.
Consequently, Alfamart’s operating profit contracted from IDR 3.1 trillion in Q3 2024 to IDR 2.95 trillion in Q3 2025.
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Summary
PT Sumber Alfaria Trijaya Tbk. (AMRT), managing Alfamart, has announced a share buyback program worth up to IDR 1.5 trillion, scheduled from December 8, 2025, to March 6, 2026. This strategic move aims to stabilize the company’s stock price amid market fluctuations and enhance investor confidence. AMRT intends to repurchase up to 650 million shares using internal cash reserves, assuring no disruption to operations while maintaining public shareholding above 7.5%.
The buyback follows a period where AMRT’s shares have plunged 34.57% year-to-date in 2025. For Q3 2025, the company reported a 7.09% increase in net revenue to IDR 94.47 trillion, though net profit attributable to the parent entity decreased by 3.49% year-on-year to IDR 2.31 trillion. This profit decline was attributed to escalating operating expenses, despite robust revenue growth across all segments and regions.
