PT Telkom Indonesia (Persero) Tbk

Latest Results (27.10.2025):

PT Telkom Indonesia (Persero) Tbk reported a strong start to 2023 in the first quarter, achieving revenues of 36.1 trillion rupiah, a 2.5% increase year-on-year. The company's EBITDA reached 18.9 trillion rupiah, and net profit rose by 5.0% to 6.4 trillion rupiah, showcasing enhanced profitability and solid growth across various segments.

Overall Financial Performance

In Q1 2023, PT Telkom Indonesia (Persero) Tbk reported total revenues of 36.1 trillion rupiah, up by 2.5% compared to the same period last year. Earnings before interest, tax, depreciation, and amortization (EBITDA) reached 18.9 trillion rupiah, while net profit increased by 5.0%, totaling 6.4 trillion rupiah.

Mobile Segment Growth

Telkomsel, the mobile subsidiary, generated revenues of 21.5 trillion rupiah, reflecting a 1.1% year-on-year growth. The digital business segment was a key driver, contributing 84.4% to total revenue and growing by 7.1% to 18.2 trillion rupiah. Customer numbers reached 151.1 million, with data usage expanding by 11.0% year-on-year.

Consumer Segment Performance

IndiHome achieved revenues of 7.2 trillion rupiah in Q1 2023, marking a 5.0% increase from the previous year and contributing 19.9% to Telkom's total revenue. The customer base grew by 7.0% to 9.4 million, maintaining a stable EBITDA of around 50%.

Enterprise and Wholesale Segments

The Enterprise segment saw revenues rise by 7.8% to 4.5 trillion rupiah, driven by digital IT services and enterprise connectivity. Meanwhile, the Wholesale and International segment grew by 4.0% to 4.0 trillion rupiah, supported by international voice services and digital infrastructure expansion.

Tower Business Expansion

Mitratel, Telkom's tower subsidiary, reported revenues of 2.1 trillion rupiah, a 9.9% increase year-on-year. The company expanded its tower portfolio to 36,439 units with a tenancy ratio of 1.46 times and enhanced its fiber infrastructure by deploying 25,508 kilometers of optical fiber and acquiring additional cable assets.

Capital Expenditure and Strategic Initiatives

Total capital expenditure for Q1 2023 was 7.4 trillion rupiah, accounting for 20.6% of total revenue. Investments focused on expanding fiber optic networks, submarine cables, telecommunications towers, and data centers, as well as advancing 4G and 5G technologies. Additionally, Telkom executed a strategic spin-off agreement to integrate IndiHome into Telkomsel, aligning with the company's five bold moves strategy to drive future growth and sustainability.