PT Telkom Indonesia (Persero) Tbk (Telkom) has started 2026 with\nsolid performance amid macroeconomic uncertainty. In the first quarter\nof 2026, the company reported consolidated revenue of Rp37.2 trillion, a\n1.5% year-on-year (YoY) increase, reflecting its consistent application\nof operational discipline and acceleration of the TLKM 30 transformation\nstrategy.<\/p>\n
Telkom recorded EBITDA of Rp18.0 trillion with an EBITDA margin of\n48.3%. Net profit stood at Rp4.3 trillion with a net profit margin of\n11.7%, while normalized net profit reached Rp5.1 trillion with a margin\nof 13.8%.<\/p>\n
The company explained that the contraction in net profit was\nprimarily due to the continued impact of accelerated depreciation and\nbusiness normalisation during the transformation phase. However, these\npressures were transitional and non-cash, with operational fundamentals\nremaining intact. Operating cash flow rose 3.1% YoY to Rp17.3 trillion,\ndriven by total expenditure (TOTEX) efficiency programmes and improved\nbilling discipline.<\/p>\n
Telkom President Director Dian Siswarini stated the company would\naccelerate the TLKM 30 strategy more aggressively to create optimal\nvalue and strengthen business sustainability.<\/p>\n
\u201cThis year, Telkom will intensify execution of the TLKM 30 strategy\nto optimise value and ensure a stronger, more sustainable future. The\nfirst-quarter 2026 performance serves as a positive start and motivation\nfor the TelkomGroup to continue incremental improvements,\u201d Dian\nsaid.<\/p>\n
B2C Segment Continues to Grow<\/strong><\/p>\n In the B2C segment covering mobile and fixed broadband services,\nTelkomsel reported consolidated revenue of Rp27.6 trillion, a 1.3% YoY\nincrease. Growth was driven by expanding digital business.<\/p>\n Data payload increased 2.3% YoY due to disciplined network quality\nenhancement and expansion. Additionally, disciplined pricing strategies,\nproduct simplification, and improved customer experience boosted average\nrevenue per user (ARPU) to Rp45,100, a 6.4% YoY rise.<\/p>\n Dian noted the telecommunications industry remains strong as\nconnectivity and internet services have become essential to society.<\/p>\n \u201cOver recent years, we have seen internet service demand continue to\ngrow without signs of decline. We are optimistic about strengthening the\nmobile and fixed broadband ecosystem sustainably while prioritising good\ncustomer experience,\u201d she said.<\/p>\n B2B Infrastructure Segment Grows 6.8%<\/strong><\/p>\n The B2B Infrastructure segment delivered positive performance with\nrevenue of Rp2.4 trillion, up 6.8% year-on-year. Growth was supported by\ncontinuous expansion of the Fiber-to-the-Tower (FTTT) business.<\/p>\n In the telecommunications tower and FTTT business managed by\nMitratel, the company recorded Rp2.3 trillion in revenue, a 1.4% YoY\nincrease. Tower leasing and related services remained the primary\nrevenue contributor.<\/p>\n Mitratel also continues to strengthen its optical fiber asset\nportfolio. During Q1 2026, the company expanded its network by 1,080\nkilometres, bringing total fibre optic ownership to 58,279 kilometres.\nThis move supports FTTT business growth and reinforces Mitratel\u2019s\nposition as an integrated Next-Gen Tower Company.<\/p>\n In the data centre business, Telkom observed rising demand alongside\ngrowing digital industry activity. The company is consolidating\noperations under NeutraDC to focus on asset monetisation, service\nexpansion, and business growth through strategic partnerships.<\/p>\n Meanwhile, the Wholesale & International Service unit reported\nRp2.8 trillion in revenue, with a 18.9% quarter-on-quarter (QoQ)\nincrease in interconnection services driven by higher international\nwholesale voice business activity.<\/p>\n In the B2B ICT segment, Telkom recorded Rp3.1 trillion in revenue.\nThe company is currently undergoing restructuring with a more\ndisciplined and selective approach to new partnerships to improve\nhealthier margins and strengthen long-term competitive positioning.<\/p>\n TLKM 30 Transformation Progresses<\/strong><\/p>\n Positive achievements in the B2C and B2B Infrastructure segments were\nsupported by accelerated execution of the TLKM 30 transformation\nstrategy. As of Q1 2026, capital expenditure reached Rp4.9 trillion,\nequivalent to 13.2% of revenue, with 99% allocated to infrastructure\ndevelopment in core segments B2C, B2B Infrastructure, and\nInternational.<\/p>\n Telkom also continues various streamlining and business portfolio\nrestructuring initiatives under the HoldCo-OpCo structure, including\ndivestments, mergers, and liquidation of non-core entities.<\/p>\n One ongoing process is the divestment of AdMedika Group to strategic\ninvestors, targeted for completion by end-2026 H1. Additionally, Telkom\nis preparing the second phase of wholesale fiber connectivity business\nand asset separation to InfraNexia, targeted for completion in Q3\n2026.<\/p>\n The company believes these steps will strengthen fibre asset\nmanagement, improve operational efficiency, and open new business\nopportunities. Currently, fibre business contributes around 15%, with a\ntarget to increase to approximately 25% through infrastructure\nutilisation optimisation and asset transfer completion.<\/p>\n \u201c2026 is a period of both opportunities and challenges for\nTelkomGroup. Therefore, we will continue accelerating TLKM 30\ntransformation execution while prioritising operational discipline to\nstrengthen\u2026\u201d<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/telkom-starts-2026-with-solid-performance-as-revenue-grows-to-rp37-2-trillion-1780292597",
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