Profit Reaches Rp1.11 Trillion, MTEL Accelerates Business Growth Beyond Towers

Jakarta - PT Dayamitra Telekomunikasi Tbk (MTEL), known as Mitratel, has again posted a solid performance for the first half of 2026. The company recorded sustainable profit growth while strengthening its business fundamentals through disciplined financial management, increased efficiency, and an accelerated transformation towards becoming a Next-Gen Tower Company that delivers integrated digital infrastructure solutions to support Indonesia’s digital transformation. Throughout the first half of 2026, Mitratel recorded revenue of Rp4.69 trillion, an increase of 2.1% compared to the same period the previous year. This performance drove net profit up 1.5% to Rp1.11 trillion. The tower leasing business remained the main contributor with revenue of Rp3.83 trillion, whilst the fibre optic business continued to show strong growth with revenue reaching Rp309 billion. Amidst the dynamics of the telecommunications industry, this achievement reflects the resilience of Mitratel’s business model, supported by recurring revenue, a quality asset portfolio, and the increasing contribution of digital businesses. The achievement reflects Mitratel’s success in implementing the strategic direction of Danantara Indonesia and the Telkom Group, which focuses on strengthening fundamentals, increasing efficiency, optimising asset management, and creating long-term value for all shareholders and stakeholders. In line with this strategy, Mitratel continues to accelerate its transformation towards a Next-Gen Tower Company by expanding its business capabilities from a tower infrastructure provider to an integrated digital infrastructure solutions provider. As part of the strategy implementation, the company continues to strengthen financial management discipline through optimising its funding structure, digitalising business processes, and increasing operational efficiency. These efforts successfully reduced funding expenses by 15.1% to Rp483.47 billion, thereby strengthening profitability and increasing financial flexibility to support sustainable business expansion. Kiwoom Sekuritas analyst Abdul Azis assessed that the reduction in funding expenses demonstrates Mitratel’s ability to optimally manage its financing structure amidst the capital-intensive characteristics of the infrastructure business. “Profit growth accompanied by a reduction in funding expenses shows that Mitratel’s fundamentals remain intact. This efficiency provides greater room for the company to fund expansion, strengthen competitiveness, and develop new sources of growth in the future,” Azis said. The quality of Mitratel’s performance is also reflected in net cash flow from operating activities of Rp4.63 trillion, demonstrating the company’s ability to generate strong operational cash flow. This provides financial flexibility to continue making strategic investments while maintaining liquidity. As of the end of June 2026, cash and cash equivalents increased to Rp1.34 trillion, strengthening the company’s capacity to support long-term growth. In line with the transformation strategy, Mitratel continues to expand the contribution of businesses beyond tower leasing. Construction services revenue increased by 17.6% to Rp298.63 billion, driven by growth in Fiber Optic Solution, Technical Service Assistance, Managed Service, Mechanical Electrical Solution services, building permit processing, and various other digital infrastructure solutions. The company also holds non-tower leasing contracts worth approximately Rp567.27 billion, which are expected to be realised within the next year, providing stronger revenue visibility while reinforcing Mitratel’s transformation towards a Next-Gen Tower Company. President Director of PT Dayamitra Telekomunikasi Tbk, Theodorus Ardi Hartoko, stated that the transformation towards a Next-Gen Tower Company is a strategic step for the company to strengthen competitiveness while creating new sustainable sources of growth. “In line with the strategic direction and transformation of Danantara Indonesia and the Telkom Group, we continue to strengthen our business fundamentals through financial discipline, asset portfolio optimisation, and the development of increasingly integrated digital infrastructure. The transformation towards a Next-Gen Tower Company enables Mitratel to deliver more comprehensive solutions for customers, expand growth opportunities, and support the acceleration of Indonesia’s digital transformation. With an increasingly strong foundation, we are optimistic about continuing to create sustainable long-term value for all shareholders and stakeholders,” he said. Operationally, Mitratel continues to solidify its leadership as the largest telecommunications infrastructure company in Indonesia. As of the end of June 2026, the company managed 40,563 telecommunication towers, an increase of 2% compared to the previous year. The number of colocations increased by 10.3% to 23,303, driving an increase in the tenancy ratio from 1.53x to 1.57x. On the fibre optic infrastructure side, the company’s network has reached 59,239 kilometres, an increase of 8.8%, with billable fibre reaching 74,779 kilometres, growing 13.9% year-on-year. This achievement further strengthens Mitratel’s position as a digital infrastructure provider supporting equitable connectivity throughout Indonesia. Going forward, Mitratel will continue to accelerate its transformation towards a Next-Gen Tower Company through tower portfolio optimisation, accelerated fibre optic network development, integrated digital infrastructure solution development, and the use of technology to improve efficiency and service quality. With increasingly strong fundamentals, maintained financial discipline, and the support of the strategic direction of Danantara Indonesia and the Telkom Group, the company is optimistic about strengthening its leadership.