PT Telkom Indonesia (Persero) Tbk closed 2024 with consolidated revenue of Rp 150 trillion, marking a 0.5% increase from the previous year. The company’s consolidated EBITDA reached Rp 75 trillion, with an EBITDA margin that remained stable at 50%, despite the Early Retirement Program (ERP) implemented in Q2 2024.

Net Profit Reaches Rp 23.6 Trillion

Telkom reported a net profit of Rp 23.6 trillion, with a net profit margin of 15.8%. Operational net profit stood at Rp 24.1 trillion, yielding a 16.1% margin. In Q4 2024, revenue grew 2.2% quarter-over-quarter to Rp 37.7 trillion. Net profit during the quarter rose 1.0% to Rp 6.0 trillion.

Ririek Adriansyah, President Director of Telkom, stated that 2024 was a challenging year for Indonesia’s telecommunications sector, influenced by global macroeconomic instability and rising industry competition. “Nonetheless, Telkom was able to close the year with positive performance and achievements,” he said in a press release.

Digital Business Segments Drive Positive Momentum

Data, Internet & IT Services generated Rp 90.5 trillion throughout 2024, growing 3.5% year-over-year. Telkom also recorded Rp 9.2 trillion in interconnection revenue, a 1.3% increase supported by growth in wholesale international voice services.

Revenue from network and other telecommunication services grew 17.4% YoY to Rp 13.4 trillion, including a 12.8% quarter-on-quarter increase in Q4 2024. Growth was driven by satellite services and managed solutions. Telkomsel, Telkom’s subsidiary, booked Rp 113.3 trillion in revenue, up 10.7% YoY from its mobile and fixed broadband businesses.

PHOTO: SHUTTERSTOCK

This article was created with AI assistance.