Indosat Ooredoo Hutchison (ISAT) Q2 2025 earnings summary

Executive summary

• Delivered resilient results in Q2 and 1H25, maintaining a stable customer base near 95.4 million and increased digital engagement, despite seasonally softer revenue and market rationalization.

• AI-driven strategies, network investments, and product simplification are expected to drive growth in H2 2025.

• Net profit for 1H25 was Rp2,513,251 million, down 14% year-over-year, with a clean review from the independent auditor.

Financial highlights

• Q2 revenue was IDR 13.5 trillion, down 0.3% quarter-on-quarter; 1H25 revenue was Rp27,109,586 million, down 3.1% year-over-year.

• EBITDA rose 0.4% quarter-on-quarter to IDR 6,440 billion in Q2, with margin up to 47.6%.

• Normalized net profit for 1H25 was IDR 2,175 billion, down 21.9% year-over-year; Q2 normalized net profit at IDR 1,021 billion, down 11.5% sequentially.

• Operating profit before tax for 1H25 was Rp3,084,242 million, down from Rp3,721,623 million year-over-year.

• Basic and diluted EPS for 1H25 was Rp72.41, compared to Rp84.79 last year.

Outlook and guidance

• Full-year EBITDA growth guidance revised to low single digits due to market softness; revenue guidance unchanged and expected to outpace market.

• CapEx guidance for 2025 set at IDR 13 trillion, with continued focus on network and AI infrastructure.

• The Group is assessing the impact of Indonesia's new Global Minimum Tax effective 2025.