PT Trisula International Tbk (TRIS), an integrated textile and garment issuer, announced two strategic corporate actions simultaneously to strengthen its business position and increase shareholder value. The company has allocated a maximum of IDR 15 billion for a share buyback program and completed the acquisition of a 75 percent stake in PT Lifestyle Pratama worth IDR 20 billion.
The share buyback program is scheduled to run for three months from July 6 to October 5, 2026. TRIS targets a buyback of a maximum of 94 million shares, equivalent to 3 percent of the total issued and fully paid-up capital. This step is projected to boost earnings per share (EPS) from IDR 5.57 to IDR 5.75, following the decrease in outstanding shares from 3.09 billion to 2.99 billion units, without disrupting the company's financial stability.
Meanwhile, the business portfolio expansion was carried out through the acquisition of a majority stake in PT Lifestyle Pratama. The IDR 20 billion transaction was completed through a receivable set-off mechanism from the company's affiliated entity, PT Inti Nusa Damai. Since the value of this transaction is equivalent to 2.38 percent of TRIS's total equity, this corporate action is categorized as a non-material transaction and does not require approval from the General Meeting of Shareholders (GMS).
President Director of TRIS, Widjaya Djohan, explained that this dual step reflects the management's strong confidence in the company's long-term growth prospects. The business diversification strategy and integrated operational synergy are believed to strengthen TRIS's competitiveness in both domestic and international markets.
This optimism is supported by positive achievements in the first quarter of 2026. TRIS recorded sales growth of 13 percent year-on-year (YoY) to IDR 455.33 billion. The export sector was the main driving force with an increase of 17 percent YoY to IDR 276.24 billion, proving the resilience of the company's products in the global market despite global economic uncertainty.
