TLKM Records Rp37.2 Trillion Revenue in Q1 2026, Infrastructure Business Grows by 6.8%
PT Telkom Indonesia (Persero) Tbk (TLKM) posted a positive performance in the first quarter of 2026, with consolidated revenue reaching Rp37.2 trillion, a 1.5% year-on-year (YoY) growth. This performance is a key indicator for investors, demonstrating the effectiveness of the TLKM 30 transformation strategy amidst economic uncertainty.
According to a company press release on 29 May 2026, alongside revenue growth, TLKM recorded an EBITDA of Rp18 trillion with an EBITDA margin of 48.3%. Net profit was recorded at Rp4.3 trillion, while normalised net profit reached Rp5.1 trillion with a margin of 13.8%. Operating cash flow increased by 3.1% YoY to Rp17.3 trillion, driven by cost efficiencies through the TOTEX programme and improved collection discipline. TLKM remains the largest telecommunications and digital State-Owned Enterprise (SOE) in Indonesia.
The B2C and Infrastructure segments served as the primary pillars of this growth. The B2C segment, through Telkomsel, recorded revenue of Rp27.6 trillion, up 1.3% YoY. Mobile ARPU (Average Revenue Per User) rose by 6.4% YoY to Rp45,100, reflecting improved customer quality and a disciplined pricing strategy. Meanwhile, the B2B Infrastructure segment achieved revenue of Rp2.4 trillion, growing 6.8% YoY, supported by the expansion of the Fibre-to-the-Tower (FTTT) business and increased utilisation of digital infrastructure.
Telecommunications tower subsidiary, Mitratel, recorded revenue of Rp2.3 trillion, maintaining a high EBITDA margin of 82.7%. Mitratel also expanded its fibre optic network by 1,080 km, bringing its total ownership to 58,279 km.
Regarding transformation and asset monetisation, TLKM’s capital expenditure reached Rp4.9 trillion, equivalent to 13.2% of revenue. Approximately 99% of these funds were allocated to infrastructure development across the B2C, B2B Infrastructure, and international business segments. The company is also proceeding with various transformation initiatives, including the divestment of the AdMedika Group, targeted for completion in the first half of 2026. Additionally, the second phase of the wholesale fibre business separation into InfraNexia is expected to be finalised in the third quarter of 2026 to enhance asset monetisation and operational efficiency.
Management believes that the TLKM 30 transformation will strengthen the balance between B2C and B2B business contributions. These steps also hold the potential to increase external revenue from the digital infrastructure business, which remains a core focus for the company’s growth.