PT Telkom Indonesia (Persero) Tbk closed its FY2025 financial year with resilient performance supported by ongoing transformation execution (12/05). The company recorded consolidated revenue of Rp146.7 trillion, with net income of Rp17.8 trillion and net income margin of 12.1%.

Normalized net income reached Rp22.7 trillion with a margin of 15.4%, while EBITDA stood at Rp72.2 trillion with a margin of 49.2%. Normalized EBITDA was recorded at Rp73.2 trillion with a margin of 49.9%.

The financial performance reflects continued value creation for shareholders amid industry challenges and macroeconomic pressures.

TLKM 30 Transformation Strategy Drives Operational and Structural Changes

Telkom continues to accelerate its transformation strategy through TLKM 30, focusing on improving operational effectiveness and corporate governance.

The strategy is built on four pillars, starting with Operational & Service Excellence, which strengthens governance, efficiency, and service quality.

The second pillar focuses on streamlining non-core businesses, including the divestment process of AdMedika and TelkoMedika, which has reached the Conditional Sale and Purchase Agreement stage toward full divestment by 1H2026.

These actions aim to strengthen focus on core telecommunications and digital businesses.

Telkom Records 35.7% Total Shareholder Return in 2025

Telkom posted a Total Shareholder Return (TSR) of 35.7% in 2025, consisting of a 28.4% capital gain and a 7.3% dividend yield.

The company maintained a dividend payout ratio of 89% for FY2024 and continued its share buyback program with a maximum value of Rp3 trillion, which is ongoing until May 2026.

These measures reflect consistent shareholder value distribution aligned with transformation execution.

Segment Performance Driven by B2C Recovery and B2B Growth

The B2C segment, led by Telkomsel, contributed Rp109.2 trillion in consolidated revenue during FY2025.

Data traffic increased by 15% year-on-year, while ARPU showed a recovery trend in the second half of 2025 as market conditions stabilized.

The B2B Infrastructure segment recorded Rp8.9 trillion in revenue, growing 9.2% year-on-year, supported by data center expansion and fiber business performance.

Wholesale & International Services contributed Rp10.7 trillion, while the B2B ICT segment recorded Rp15.3 trillion in revenue across connectivity, managed solutions, and digital services.

Governance Reset and Asset Optimization Strengthen Financial Structure

As part of a governance reset agenda, Telkom implemented adjustments to accounting policies to improve financial reporting accuracy and asset classification.

This resulted in a 9.5% year-on-year contraction in net income due to increased accelerated depreciation expenses.

The company also restated its FY2023 and FY2024 financial statements to align with updated policies.

A fiber infrastructure carve-out initiative was also executed through a Conditional Spin-off Agreement with InfraNexia in December 2025, as part of asset optimization and value unlocking strategy.

PHOTO: TELKOM INDONESIA

This article was created with AI assistance.

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