Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia (TLKM) Q2 2025 earnings summary

Executive summary

• Revenue for 1H25 was Rp73,004 billion, a 3% decrease year-over-year, with stable mobile customer base and strong data payload growth despite soft macroeconomic conditions.

• Net profit attributable to owners was Rp10,975 billion, down from Rp11,761 billion in the prior year period.

• Cost leadership initiatives and business diversification supported profitability, with moderation in total expenses.

• Cash dividends of Rp21,047 billion were distributed in June 2025.

Financial highlights

• 1H25 EBITDA margin stood at 44.6%, up 2.2ppt year-over-year; net income margin at 15.0%, up 6.7% year-over-year.

• Total assets as of June 30, 2025 were Rp293,797 billion, down from Rp299,675 billion at December 31, 2024.

• Net cash provided by operating activities was Rp32,573 billion, up from Rp29,687 billion year-over-year.

• FBB subscribers grew 10.0% year-over-year to 10.1 million, with ARPU at Rp220k.

• Wholesale & International Business revenue grew 4.7% year-over-year, further diversifying the business mix.

Outlook and guidance

• Revised 2025 guidance projects flat revenue and EBITDA margin around 50%, with capex-to-revenue ratio at approximately 17-19%.

• Unsatisfied performance obligations expected to be realized within one year amount to Rp7,645 billion, and more than one year Rp3,344 billion.