Geo Energy Resources Limited (RE4) said on Oct, 05 2026 that it repurchased 6.0 million shares for an aggregate 3.6 million Singapore dollars, the largest one-day buyback in the company’s history.

The latest purchase almost doubles the shares the miner has bought back this year, bringing the 2026 total to about 11.8 million shares.

Management said the action follows profit guidance issued on Sep, 28 2026, when the company projected a “significant” year-on-year rise in sales volume and net profit for 3Q2026 and anticipated continued improvement in 4Q2026, assuming stable coal prices and continued ramp-up at the PT Triaryani mine.

Geo Energy highlighted that its PT Marga Bara Jaya integrated road-and-jetty infrastructure is now operational, expected to cut logistics costs by more than US$10 per tonne for in-house coal and to generate up to US$250 million of annual third-party EBITDA at full capacity. The group is finalising a deal with Resource Invest AG for a stake in the asset at a valuation of US$1.5 billion.

The Indonesian Coal Index 4200 GAR averaged US$76 per tonne in Sep, 2026, about 31 % higher than the first-half 2026 average, the company said.

Including dividends and buybacks, Geo Energy has returned roughly 12.1 million Singapore dollars to shareholders in 2026 and has maintained dividend payments for 23 consecutive quarters.

The group aims to lift coal production and sales to 17 – 19 million tonnes in 2027, more than 50 % above 2026 levels, subject to mining plans and regulatory approvals, and will continue to evaluate further share buybacks and dividend distributions.