Telkom Holds AGM, Distributes Rp 21.9 Trillion in Dividends
PT Telkom Indonesia (Persero) Tbk, or Telkom, held its 2025 Annual General Meeting of Shareholders (AGM) virtually on Monday, 8 June 2026. During the meeting, shareholders approved several corporate agendas, including the utilisation of 2025 net profits, a share buyback programme, and changes to the company’s management structure to strengthen leadership and support the sustainability of the TelkomGroup transformation in 2026.
“Despite facing industry pressures and uncertainty throughout 2025, the Company has successfully proven that business fundamentals remain intact and cash flow is strengthening. Therefore, the shareholders’ decision to approve dividends today reflects confidence in the transformation and the growth direction we are building,” said Dian.
For the 2025 financial year, shareholders approved a cash dividend distribution of approximately Rp 21.9 trillion. Of this amount, about Rp 17.8 trillion is derived from the Company’s total net profit in 2025, while the remaining Rp 4.2 trillion comes from retained earnings from previous years. The dividend payment will be completed no later than 10 July 2026. Shareholders registered in the Company’s Register of Shareholders at the close of trading on the Indonesia Stock Exchange on 19 June 2026 are entitled to receive the dividend. In determining the dividend payment, the Company considered various aspects, primarily the balance between shareholder returns and long-term investment needs.
In addition to the dividend distribution, the AGM also approved a share buyback programme with a maximum value of Rp 4 trillion. The buyback will be conducted through the Stock Exchange and off-market, either gradually or in a single transaction, and will be completed within a twelve-month period following the AGM approval, spanning from 9 June 2026 to 8 June 2027.
This corporate action is part of the company’s strategy to increase shareholder value and serves as a strategic step to maintain share price stability amidst market dynamics. The AGM also approved changes to the Board of Commissioners to strengthen Telkom’s leadership foundation in overseeing the transformation agenda and facing digital industry dynamics.
The Board of Commissioners and Board of Directors resulting from the 2025 AGM are as follows:
Board of Commissioners:
President Commissioner: Angga Raka Prabowo
Independent Commissioners: Deswandhy Agusman, Anthony Leong, Ira Noviarti, Rofikoh Rokhim
Commissioners: Rizal Mallarangeng, Edwin Hidayat Abdullah, Ossy Dermawan
Board of Directors:
President Director: Dian Siswarini
Director of Enterprise & Business Service: Veranita Yosephine
Director of Human Capital Management: Willy Saelan
Director of Finance & Risk Management: Arthur Angelo Syailendra
Director of Network: Nanang Hendarno
Director of Strategic Business Development & Portfolio: Seno Soemadji
Director of Wholesale & International Service: Budi Satria Dharma Purba
Director of IT Digital: Faizal R. Djoemadi
Director of Legal & Compliance: Andy Kelana
Reaffirming Commitment to Accelerating Transformation
From 2025 through the first quarter of 2026, Telkom has shown significant progress in executing its TLKM 30 transformation strategy, focusing on four main pillars. In terms of Operational & Service Excellence, the company has successfully increased efficiency through the TOTEX programme, improved operational cash flow, and implemented Early Retirement and Governance Reset programmes.
The Company’s efforts to realise this transformation resulted in 2025 performance achievements, including revenue of Rp 146.74 trillion, EBITDA of Rp 72.24 trillion, and net income of Rp 17.81 trillion.
As a follow-up to the total governance reset agenda, the Company accelerated depreciation, which impacted net income. However, this impact is non-cash, meaning business fundamentals and cash flow remain strong operationally. Regarding streamlining, Telkom simplified its business portfolio, including non-core divestments, to refocus on its core telecommunications and digital businesses. Six entities have been streamlined, with the divestment of the AdMedika Group successfully completed on 2 June 2026. In terms of unlocking value, Telkom has begun monetising infrastructure assets through the spin-off of assets and the wholesale fibre connectivity business to InfraNexia, with completion targeted for the third quarter, and has reopened strategic partnership initiatives for the data centre business.
Furthermore, in its operational shift, Telkom is transitioning to a HoldCo–OpCo model with segment-based reporting to enhance transparency and performance accountability. Overall, 2025 served as a foundational year to strengthen the business structure and prepare for higher-quality future growth, aligned with the Company’s efforts to create sustainable long-term value for all stakeholders.
“This year, we have accelerated the execution of our TLKM 30 transformation strategy in a disciplined and measurable manner, ensuring every step taken contributes to building a more advanced, inclusive, and globally competitive national digital ecosystem,” concluded Dian.