PT Telkom Indonesia reported higher revenue, EBITDA, and normalized net profit for the first half of 2026, supported by the acceleration of its TLKM 30 transformation strategy and the recovery of its mobile business. (31/07)

The company recorded consolidated revenue of Rp75.9 trillion, an increase of 3.9% year-on-year (YoY). EBITDA rose 3.8% YoY to Rp37.5 trillion, with an EBITDA margin of 49.4%.

Net profit reached Rp10.6 trillion, growing 1.4% YoY with a net profit margin of 14.0%. Normalized net profit increased 6.2% YoY to Rp11.3 trillion, with a margin of 14.9%, reflecting resilient operational performance supported by the recovery of the mobile business.

Operating cash flow grew 7.0% YoY to Rp34.9 trillion, supported by ongoing efficiency programs and disciplined cost management.

"Our commitment and dedication to accelerating digital transformation through the TLKM 30 strategy are reflected in the growth we achieved during the first half of this year. This achievement further strengthens our optimism to accelerate transformation while reinforcing Telkom's role as the leader of Indonesia's digital ecosystem," said Telkom President Director Dian Siswarini.

Consumer Business Supports Revenue Growth

Telkomsel generated Rp55.6 trillion in revenue in the B2C segment, covering mobile and fixed broadband services, an increase of 3.3% YoY during the first half of 2026.

The growth was driven by an 11.0% YoY increase in Digital Business Data revenue. According to the company, the performance reflected the continued recovery of the mobile industry through disciplined pricing, product portfolio optimization, and customer value management.

Mobile Average Revenue Per User (ARPU) increased 9.0% YoY to Rp45,600. Data traffic also continued to grow as digital consumption increased during the school holiday period and the FIFA World Cup.

In the fixed broadband business, Telkomsel continued improving service quality through strategic customer base calibration. The customer base stood at 9.5 million, compared with 10.1 million in the first half of 2025.

Quarterly IndiHome ARPU increased 3.4% to Rp211,000, while first-half ARPU reached Rp207,000. The convergence ratio also improved to 65%.

Telkom stated that it will continue implementing its quality growth strategy by prioritizing customer experience while expanding digital capabilities through AI, 5G, and digital solutions for individual and business customers.

Infrastructure and Enterprise Business Record Higher Performance

Revenue from the B2B Infrastructure segment reached Rp33.1 trillion, increasing 19.0% YoY in the first half of 2026. External revenue also increased 4.9% YoY to Rp4.7 trillion, supported by Data, Internet, and IT Service businesses.

Mitratel recorded Rp4.7 trillion in revenue, up 2.1% YoY. The number of tenants increased 4.9% YoY to 63,866, raising the tower tenancy ratio to 1.57 times.

In the data center business, Telkom continued strengthening its regional digital infrastructure business through NeutraDC. The company is carrying out a consolidation initiative that will make NeutraDC the centralized operator of all TelkomGroup data center assets.

The B2B ICT segment generated Rp7.3 trillion in revenue, increasing 35.7% quarter-on-quarter despite the ongoing portfolio restructuring and streamlining process.

The International Business segment recorded Rp5.7 trillion in revenue during the period. The company stated that it continues shifting its portfolio toward connectivity services and digital solutions with higher margins while reducing dependence on the traditional voice hubbing business.

The company also stated that demand for new international submarine cable capacity continues to increase, driven by global geopolitical dynamics and the needs of global technology companies supporting AI adoption.

TLKM 30 Transformation Advances Across Four Pillars

Telkom stated that the implementation of its TLKM 30 strategy showed significant progress across its four transformation pillars during the first half of 2026.

Under Operational & Service Excellence, operating cash flow increased 9.5% YoY. The company also continued improving operational expenditure efficiency, applying prudent capital expenditure management, and implementing an Early Retirement Program alongside employee mobility initiatives.

Telkom completed the streamlining of 10 entities through divestments, mergers, and liquidations. The company also realized capital expenditure of Rp10.8 trillion, with more than 96% allocated to priority businesses in the B2C, B2B Infrastructure, and International Business segments.

Under the Unlock Value pillar, Telkom completed several strategic preparation stages for the Phase 2 InfraNexia asset transfer, which remains on schedule for completion in the second half of 2026.

The company also continued strengthening the Strategic Hold-Co operating model under the Modus-operandi Shift pillar through integrated portfolio and operational management across its four main business segments.

"Indonesia's future economic growth will be determined by the strength of the digital infrastructure we build today. Therefore, as part of Danantara Indonesia, Telkom will continue accelerating transformation and strengthening investment in digital capabilities to create sustainable value for all stakeholders while serving as a catalyst for cross-sector growth and strengthening the resilience of Indonesia's digital economy," Dian said.

PHOTO: TELKOM

This article was created with AI assistance.

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