BRIS Rallies as BSI Posts Profit Growth and Signals Faster Free Float Push

JAKARTA, Investortrust.id — PT Bank Syariah Indonesia Tbk or BRIS rises on Monday, Feb 9, 2026 in Jakarta as investors rotate back into banks with resilient earnings and improving asset quality after broader market pressure eased.

BRIS closed up 1.26% at 2,410, slightly ahead of the Jakarta Composite Index which gained 1.22% to 8,031.87, as the lender pointed to 2025 results that reinforced its growth narrative.

For the 2025 financial year, BSI booked net profit of Rp 7.57 trillion, equal to about $470 million, up 8.02% year on year, supported by financing growth and stable funding.

Total financing rose 14.49% to Rp 319 trillion, equal to about $19.8 billion, while non performing financing gross improved to 1.81%, indicating healthier underwriting and collections.

BSI President Director Anggoro Eko Cahyo said the 2025 performance reflected balance between growth and risk control.

“Supported by ample funding and healthy, well targeted financing, and also the contribution of program financing support aligned with the government Astacita,” Anggoro said in a statement on Tuesday, Feb 10, 2026.

BSI also highlighted a stronger funding base, with third party funds reaching Rp 380.49 trillion, equal to about $23.6 billion, up 16.20% year on year, and CASA making up 61.62% of deposits.

“Savings of Rp 163 trillion grew 15.7%,” Anggoro said, adding that the Hajj savings book reached Rp 15.9 trillion and “will help reduce the cost of fund.”

Capital discipline, dividends, and the free float overhang

BSI executives signaled that capital strength will remain the priority as the bank targets above industry growth, even as investors watch dividend policy and the push to raise free float.

“When a company or an institution like us is in a growing stage, dividend payout usually becomes second priority after discussing how aggressively BSI can grow going forward,” said Finance and Strategy Director Ade Cahyo Nugroho on Friday, Feb 6, 2026.

“BSI business growth in 2025 was already double the market and 2026 is still in the same tone,” Ade said, adding, “If we want to grow aggressively, there is a need for capital to support that growth.”

On free float, the bank said it was aligned with the regulator and the exchange, with management acknowledging the urgency as minimum thresholds tighten across the market.

“Tentu we welcome the efforts of the exchange and the regulator to ask issuers to increase their free float, so it is more liquid in the market in line with what domestic and foreign investors want,” Ade said on Friday, Feb 6, 2026.

“This can be a trigger that efforts to accelerate the increase of BSI free float will also be executed soon,” he said, adding that the bank would keep coordinating with Danantara on equity related strategy.

The stock has also attracted short term technical interest, with BRI Danareksa Sekuritas pointing to a potential reversal setup as long as support holds.

“During it stays above its neckline at 2,290 to 2,350, there is potential for a reversal toward resistance at 2,490 to 2,580,” the brokerage said in a note shared with clients.

For global investors, BRIS sits at the intersection of two market narratives that are now converging, namely profit resilience in Indonesian banks and the renewed policy push to lift market liquidity through higher free float compliance.