TOBA

PT TBS Energi Utama Tbk (TOBA) approved a final cash dividend of US $8.88 million to be paid to shareholders, despite posting a US $162 million net loss in 2025 after a US $25 million profit in 2024. The company also disclosed plans for a limited rights issue and a share‑buyback program to bolster its balance sheet and fund future green projects. Analysts expect the dividend payout (≈3‑5% yield) and the capital‑raising measures to provide short‑term support to TOBA’s share price, although the lower 2025 dividend reflects the recent earnings decline.

The Jakarta Composite Index (IHSG) rose 2.34% to 7,675.9 on Tuesday, edging toward the next resistance level around 7,700 and, if it holds, could test the 50‑day MA near 7,800. Gains were led by conglomerate and banking stocks, with the infrastructure sector posting the biggest sectoral rise (5.6%); analysts from Phintraco Sekuritas also recommended buying TOBA, ESSA, TINS, HRUM and ELSA for Wednesday. Meanwhile the rupiah slipped 0.09% to 17,110 per USD despite a modest correction in WTI and Brent crude prices.

U.S. equities opened higher on Tuesday (5 May 2026), with the Dow up 0.19%, the S&P 500 up 0.46% and the Nasdaq up 0.76%, as falling Brent crude (‑2.1% to just above $110) offset heightened Middle‑East tensions. Gains were led by earnings‑driven stocks such as Archer‑Daniels‑Midland (+≈1% after a beat‑the‑forecast Q1), DuPont (+≈1.8% on an upgraded profit outlook), Pinterest (+≈17.7% on a strong Q2 revenue guide) and Intel (+≈3.8% after reports of a potential chip‑production partnership with Apple and Samsung. The rally lifted overall market sentiment but analysts warned that volatility could remain elevated and a correction is possible if geopolitical risks are not fully priced in.

PT TBS Energi Utama Tbk (TOBA) released its Q1 2026 results, showing a 20.5 % rise in consolidated revenue and a 46.7 % jump in gross profit, driven mainly by a 447 % surge in its waste‑management business, which now accounts for about 60 % of revenue and 93 % of adjusted EBITDA. The company’s operational cash flow turned positive (USD 9.9 million versus a USD 2.9 million deficit in 2025) and total losses fell 83 % after the 2025 portfolio reshuffle toward green‑energy and EV‑related assets. The strong earnings beat and clear pivot to higher‑margin, sustainable segments lifted investor sentiment, prompting a notable uptick in TOBA’s share price on the IDX.

On Friday 24 April 2026 PT TBS Energi Utama Tbk (TOBA) entered its cum‑dividend date, announcing a final cash dividend of US $8.888 million (US $0.00107766 per share) payable to shareholders on record 28 April. The dividend announcement coincided with a sharp sell‑off, as TOBA’s shares fell 5.38% to Rp 615, a 145‑point (19.08%) decline year‑to‑date. The drop reflects market reaction to the dividend payout and the upcoming ex‑dividend dates, affecting TOBA investors directly.