XLSMART Reveals Merger Results, Data Traffic Surges
Jakarta, CNBC Indonesia - One year after the XL and Smartfren merger, XLSMART has completed most of the integration within the company, including network integration which had reached 70% by the end of December 2025.
“Expanding network reach in our numbers, we see that almost 70 percent of the networks of the two companies has been integrated by the end of December 2025,” said XLSMART Director & Chief Regulatory Officer Merza Fachys during the Public Expose of the XLSMART 2026 AGM on Wednesday 20 June 2026.
Throughout 2025 there were 226,000 BTS, up 37 percent. Data traffic stood at 14,566 PB, growing in double digits.
For 5G, XLSMART continued development. Merza explained that the reach is provided with a dedicated spectrum for 5G.
The 5G reach also increased from 13 cities/districts last year to 43 cities/districts this year. XLSMART will continue to expand the 5G network.
“So as of today we can say we have completed build-out in 43 cities in Indonesia, all of which are fully covered by our 5G service,” Merza said.
He explained the network covers the entire cities, not just one area or point.
Director & Chief Technology Officer XLSMART, Shurish Subbramaniam said the choice of 5G cities is the ones that are ready, depending on device penetration in a given city.
“Based on the cities where we can implement 5G without reducing the quality of 4G in those cities,” he said.
The network integration is targeted to be completed two years after the XLSMART merger in 2025. In other words, by April 2027 all networks will be unified.
“Where the integration process will run for two years. They will run for two years, from April 2025 to April 2027,” said Director & Chief Financial Officer XLSMART, Antony Susilo.
Revenue Up 23 Percent
XLSMART reported revenue of Rp 42.49 trillion for 2025, up 23% year on year.
EBITDA rose 13% to Rp 20.13 trillion. Expanded capex increased 53% to Rp 11.2 trillion and net profit Rp 3 trillion or up 63%.
“Additionally, for capex, we recorded Rp 11.2 trillion in 2025, up from Rp 7.3 trillion the year before. Why is this increase so large? Because after the merger we focused immediately on network integration,” Antony said.
Thus, customers of the three brands under XLSMART can enjoy a better experience. The company merged networks so each brand can use the other’s network.
“So Smartfren customers can use the network of XL, and Axis, and Axis customers can also use the Smartfren network,” he explained.
By the end of 2025, XLSMART had 73 million customers across the three brands under the company, namely XL, Axis, and Smartfren. The figure rose from 58 million users the previous year.
“These customers generated traffic of 14,566 PB, a double-digit growth from the previous year. With an ARPU of almost Rp 39,500,” said Antony.
In Q1-2026, XLSMART posted gross revenue of Rp 11.8 trillion, up 38% from a year earlier. EBITDA for the first three months stood at Rp 5.4 trillion with a margin of 45.6%.
During that period customers increased by 18% to 69.4 million. The number of BTS rose to 253,750 units (up 54%).
“And our 5G services are already rolled out; by December 2025 there were 13 cities, we have added 30 more cities. So total by March 2026, 43 cities,” he explained. “This will continue to grow given market dynamics,” he said.
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