JAKARTA - PT Buana Finance Tbk (BBLD) will expand its business activities by forming a Sharia Business Unit (UUS).
The decision was approved at the Annual General Meeting of Shareholders (RUPST) held on Monday, May 18, 2026.
In the meeting, shareholders also approved the use of net profit for the 2025 fiscal year and the distribution of dividends to shareholders.
Buana Finance Corporate Secretary Ahmad Khaetami said that one of the main results of the RUPST was the approval of the establishment of the Sharia Business Unit.
He emphasized that the UUS would be a business unit under PT Buana Finance and was not a spin-off of the company.
"The results of the 2026 AGM include the first addition of sharia business units or commonly abbreviated as UUS, yes this is a business unit, not a spin-off, but in the form of a business unit, so it is under the parent company PT Buana Finance," he explained in a press conference.
In addition, RUPST also approved the reappointment of the entire Board of Commissioners as well as the appointment of the Sharia Supervisory Board (DPS) and the formation of the DPS is an obligation that must be fulfilled in accordance with the provisions of the Financial Services Authority (OJK) in line with the formation of the Sharia Business Unit.
Ahmad explained that the process of appointing the DPS will continue with the fit and proper test and the fulfillment of other regulatory requirements.
Meanwhile, Buana Finance Marketing Director Herman Lesmana said that Buana Finance's Sharia Business Unit would focus on the business-to-business (B2B) sector.
"The potential of Indonesian people using syariah is actually a big opportunity, it's just that the users are still quite a bit," he said.
He added that currently only about 12 percent of people use Sharia financial products, although about 45 percent of people have understood the product.
Herman hopes that the Sharia Supervisory Board will soon obtain regulatory approval so that UUS operations can begin in the third quarter of 2026.
"Hopefully later the DPS (Sharia Supervisory Board) will be able to get permission from the regulator, so that we can carry out around in the third quarter of 2026," he said.
Overall, Buana Finance targets financing disbursement to grow 10.66 percent year-on-year, from realization in 2025 of IDR 4.29 trillion to IDR 4.75 trillion in 2026.
"It is divided from the overall distribution of financing, which of course includes multi-purpose, namely refinancing, we will increase it, an increase of 16.89 percent," he said.
Until the end of 2026, refinancing financing is targeted to reach IDR 3.63 trillion, an increase compared to the 2025 realization of IDR 3.01 trillion.
Herman explained that the share of refinancing financing currently still dominates compared to consumer financing and new vehicles.
"We focus on refinancing or multi-purpose by focusing on the previous track record and capacity conditions rather than our prospective debtors," he said.
In running the business in 2026, he said, the company will continue to apply the principle of prudence to maintain the quality of the financing portfolio, especially by paying attention to the track record and capacity of prospective debtors.
For information, throughout 2025, Buana Finance recorded the disbursement of new financing of IDR 3.11 trillion in the consumer financing segment, as well as IDR 1.18 trillion in the lease financing and receivables financing segments.
As of December 31, 2025, the Company's total assets were recorded at IDR 7.15 trillion or grew 7.72 percent compared to the previous year of IDR 6.63 trillion.
The growth in assets was mainly driven by an increase in financing receivables of 7.05 percent, from Rp6.14 trillion to Rp6.57 trillion.
The largest contribution to the Company's assets came from consumer financing receivables with a share of 79.20 percent, followed by financing lease receivables and receivables write-offs of 12.71 percent.
Even though it faces macroeconomic conditions that have not fully recovered, the Company is still able to maintain business resilience, namely in 2025, Buana Finance recorded a net profit of IDR 13.48 billion.
The decrease in net profit was mainly influenced by an increase in the allowance for impairment losses of 44.71 percent.
In addition, the level of problem receivables or Non Performing Financing (NPF) increased to 3.12 percent at the end of 2025, compared to 1.97 percent in the previous year.
To maintain asset quality, the Company continues to strengthen risk mitigation measures and optimize collection strategies.
In addition, Buana Finance is also committed to increasing operational efficiency, optimizing the business portfolio, and strengthening financial strategies to support sustainable business growth and provide added value for all shareholders.
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