Indonesian E-Commerce Bukalapak Plans Rp420.7 Billion Share Buyback

5 hours ago 12

October 23, 2025 | 06:18 pm

Bukalapak headquarters at Metropolitan Tower, Jakarta, October 21, 2022. TEMPO/Tony Hartawan

TEMPO.CO, Jakarta - PT Bukalapak.com Tbk (BUKA) has announced plans to conduct a share buyback from October 24, 2025, to January 23, 2026, with a total value of Rp420.7 billion.

Corporate Secretary Cut Fika Lutfi said the company will use remaining funds from its previous buyback on July 3, 2025, to carry out this corporate action.

“Since there are still remaining funds for share repurchases, we will utilize them for this buyback,” she said in a disclosure to the Indonesia Stock Exchange on Thursday, October 23, 2025.

Cut Fika added that the buyback reflects Bukalapak’s sufficient liquidity without affecting its financial health or operational stability.

The company recorded a net profit of Rp467 billion in the first half of 2025 (January–June), a significant turnaround from a loss of Rp747 billion during the same period last year.

According to financial statements submitted to the Indonesia Stock Exchange on Wednesday, July 30, 2025, Bukalapak posted revenues of Rp3.08 trillion, up from Rp2.41 trillion in the same period in 2024.

Revenue by segment came from gaming at Rp2.4 trillion, online-to-offline services at Rp439 billion, retail at Rp160 billion, and investments at Rp25 billion.

Meanwhile, the company’s total cost of revenue reached Rp2.8 trillion, including Rp2.3 trillion for gaming, Rp374 billion for online-to-offline, and Rp 2 billion for retail.

As of June 2025, Bukalapak reported total equity of Rp23 trillion and liabilities of Rp717 billion. Total assets stood at Rp24 trillion, consisting of Rp21.3 trillion in current assets and Rp2.7 trillion in non-current assets.

Separately, by June 30, 2025, Bukalapak had utilized Rp12.7 trillion of funds raised from its public offering. During its initial public offering (IPO) in September 2021, the company raised fresh capital of Rp21.3 trillion.

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