Dian Swastatika Sentosa's Grand Plan: Pivoting to Digital Infrastructure and AI
PT Dian Swastatika Sentosa Tbk (DSSA) has affirmed its business transformation towards becoming a digital infrastructure and artificial intelligence (AI) company, targeting non-coal revenue to match its coal business by 2029.
The move marks a new milestone for the Sinar Mas Group subsidiary, which for years has been known as an energy and coal mining-based company.
Management stressed that the diversification strategy does not mean reducing the coal business, but rather accelerating growth in digital, telecommunications, data centre, and renewable energy (EBT) businesses.
DSSA Director of Investment and Investor Relations Daniel Cahya said coal remains the company’s primary foundation. However, the significant investments made in recent years have begun to alter the company’s business composition.
Currently, according to Daniel, around 90% of DSSA’s EBITDA still comes from the coal business through PT Golden Energy Mines Tbk (GEMS). However, following various corporate actions in 2025 and 2026, the EBITDA contribution from non-coal businesses is expected to increase significantly.
“This year we estimate the EBITDA composition will be around 60% from coal and 40% from non-coal businesses. Going forward, the target is not only EBITDA, but revenue that can reach 50:50,” he said.
The transformation is underpinned by substantial investments the company has made over nearly a decade. Daniel revealed that DSSA has poured in approximately US$2.8 billion, or around Rp 50 trillion, to build a digital infrastructure ecosystem.
According to him, the investment was not made because of the growing AI trend, but rather is a long-term strategy that has been built over many years.
“We did not suddenly jump on the AI trend. We have been making this investment for almost 10 years. Today people are only just seeing the entire ecosystem begin to connect,” he said.
Daniel explained that DSSA is now building an integrated AI ecosystem, from energy supply, telecommunications networks, submarine cables, satellites, fibre optics, to data centres.
The company also holds a number of digital assets through MyRepublic, Moratelindo, SM+, PT ASIX Indonesia Cerdas (ASIX), Dana, Video, as well as a stake in XLSMART.
“We want to become the most complete AI infrastructure company in Indonesia. So not creating large language models like global technology companies, but providing all the infrastructure that AI needs,” said Daniel.
One of the main projects is the construction of an AI-ready data centre in the Kuningan area of Jakarta, with a capacity of 40 megawatts that has fully secured customer commitments (fully contracted).
The capacity consists of a 10 MW edge data centre, a 10 MW Tier III data centre, and a 20 MW Tier IV AI-ready data centre scheduled to begin operations in October 2026.
“We are very pleased because our data centre is already fully off-take before it operates,” he said.