Surabaya, 16 October 2026 — PT Avia Avian Tbk (Avian Brands), listed under the ticker symbol AVIA, has once again received recognition from the Indonesian Institute for Corporate Directorship (IICD) at The 17th IICD Corporate Governance Conference and Award 2026. This marks the third consecutive year that Avian Brands has earned recognition from IICD. The achievement underscores the Company’s view that corporate governance goes beyond compliance and is integral to creating long-term shareholder value.
Avian Brands received the “Top 50 Big Capitalization Public Listed Company” award at the ceremony held on 12 October 2026 at the Main Hall of the Indonesia Stock Exchange in Jakarta. Under the theme “Strengthening Market Confidence through Governance Excellence”, the event highlighted the importance of sound corporate governance in strengthening capital market confidence.
The IICD awards recognise corporate governance practices through assessments based on the ASEAN Corporate Governance Scorecard (ACGS), while encouraging listed companies to enhance transparency and create long-term value for stakeholders.
For Avian Brands, strengthening corporate governance and transparency is essential to maintaining the trust of investors and all stakeholders. Accurate, relevant, and timely disclosures, supported by accountable decision-making processes, provide the foundation for building the Company’s credibility and supporting sustainable business growth.
Sound corporate governance is an integral part of the Company’s values and business strategy. Avian Brands is committed to consistently applying the principles of transparency, accountability, responsibility, independence, and fairness across its strategic decisions and operational activities. This commitment underpins the Company’s efforts to manage risks, uphold integrity, and create long-term value for shareholders and all stakeholders.
“Receiving recognition from IICD for three consecutive years demonstrates that good governance is not the result of a one-off effort, but a discipline maintained every day. For us, transparency is an investment. The more clearly investors understand how we make decisions, the greater their confidence in Avian Brands’ growth trajectory,” said Hera Septi Astuti, Corporate Secretary.
This achievement reinforces Avian Brands’ commitment to continuously strengthening its corporate governance practices. Through this commitment, the Company seeks to maintain market confidence and ensure that its business growth remains aligned with the interests of shareholders and all stakeholders.
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PT Avia Avian Tbk at a Glance
PT Avia Avian Tbk was founded in 1978 as an integrated paint manufacturing company. Known as Avian Brands. For more than 4 decades, Avian Brands has colored the lives of millions of Indonesian families, through a variety of products including Sunguard All in One, Supersilk Anti Noda and Avitex in wall paints, No Drop waterproofing paint, and Avian wood & metal paint.
Listed on the Indonesia Stock Exchange (IDX) on December 8, 2021, with stock code (IDX: AVIA), AVIA is the largest decorative paint manufacturer and the market leader in the decorative paint and coating industry in Indonesia, based on the survey conducted by Frost & Sullivan.
Currently, AVIA has ~26% market share in the decorative paint and coating industry in Indonesia. AVIA has strong manufacturing capacity and capabilities through its manufacturing facilities in Sidoarjo and Serang, as well as vertical integration capability which enables AVIA to produce some of its raw materials internally.
AVIA’s sales are divided into the architectural solutions and trading goods segments. The architectural solutions contributed ~80% of sales, and the trading goods segment contributed ~20% of sales.
Since 2020, Avian Brands is equipped with the first research, development, and innovation center in Indonesia, the Avian Innovation Center (AIC), covering an area of 5,000 square meters.
As a manifestation of Avian Brands' commitment to environmental management, occupational health and safety, and GCG (Good Corporate Governance) in accordance with international standards, Avian Brands has successfully obtained and implemented ISO 9001:2015 (Quality Management System), ISO 14001:2015 (Environmental Management System), ISO 45001:2018 (Occupational Health and Safety Management System), ISO 50001:2018 (Energy Management System), and ISO 27001:2022 (Information Security Management System).
The presence of Avian Brands aims to provide leading benefits and contribute to creating a more colorful Indonesia.
