IDX Sanctions Four State-Owned Issuers for Missing Financial Reports

TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) announced that four state-owned enterprises have failed to submit their audited financial statements for the period ending December 31, 2024. The exchange issued a second sanction in the form of a second written warning to these companies.

“Four listed companies that issued bonds and/or sukuk have yet to submit their audited annual financial reports for the period ending December 31, 2024,” Teuku Fahmi Ariandar, head of the IDX’s Listed Companies Regulation and Services Division, said in a public disclosure on Monday, May 19.

The four firms facing the IDX’s disciplinary action are PT Kereta Api Indonesia Tbk (KAII), PT Pupuk Indonesia Tbk (PIHC), PT Perusahaan Listrik Negara Tbk (PPLN), and PT Pos Indonesia Tbk (POST).

These companies were first warned on May 7, 2024, but have still not complied. So far, only 48 listed companies have submitted their 2024 financial reports, leaving a significant number lagging behind.

On April 23, 2025, the IDX reported that 128 companies on the exchange had not submitted their annual financial statements for the period ending December 31, 2024. Among them were PT Sri Rejeki Isman Tbk (SRIL), PT Krakatau Steel (Persero) Tbk (KRAS), PT Bakrie Telecom Tbk (BTEL), PT Sepatu Bata Tbk (BATA), PT Kimia Farma Tbk (KAEF), PT Inti Agri Resources Tbk (IIKP), and PT Indofarma Tbk (INAF). The IDX issued a first written warning to these companies.

"A total of 864 listed companies and securities have not submitted their financial reports," the IDX stated in a disclosure on Wednesday, April 23.

Editor’s Choice: Samuel Sekuritas Reports Big Cap Stocks Drag IHSG Down 0.52%

Click here to get the latest news updates from Tempo on Google News

Samuel Sekuritas Reports Big Cap Stocks Drag IHSG Down 0.52%

11 hari lalu

IHSG Closes Higher at 6,861.5 Today

15 hari lalu

IHSG Climbs 2.05% This Week, Closes at 6,815.7

17 hari lalu

IHSG Closes at 6,262.2: Weekly Drop of 3.82%, Year-to-Date Decline of 11.67%

38 hari lalu

Indonesia: Stock Index Down Almost 8% Amid Fears Over Trump Tariffs

41 hari lalu

Bearish IHSG: 3 Indo Premier Sekuritas Stock Picks

57 hari lalu

OJK Responds to Calls for Trading Halt Regulation Review After IHSG Decline

19 Maret 2025

Bank Indonesia Purchases Rp70tn in Government Bonds

19 Maret 2025

Bank Indonesia Does Not Expect Change to Mandate in Financial Law Revision, Governor Says

19 Maret 2025

OJK Greenlights Share Buybacks Without Shareholders' Meeting Amid IHSG Slump

19 Maret 2025