Jakarta, May 29, 2026 – PT Telkom Indonesia (Persero) Tbk (Telkom) has officially announced its financial results for the first quarter of 2026, demonstrating resilient growth across key business segments. Despite a backdrop of macroeconomic uncertainty, the company’s performance highlights its unwavering commitment to operational discipline and the accelerated execution of its TLKM 30 transformation strategy.
In the first three months of 2026, Telkom reported consolidated revenue of IDR 37.2 trillion, marking a 1.5% year-on-year (YoY) increase. The company maintained a strong EBITDA of IDR 18.0 trillion, achieving an EBITDA margin of 48.3%. Net profit was recorded at IDR 4.3 trillion, with a net profit margin of 11.7%.
When excluding one-time items, the normalized net profit reached IDR 5.1 trillion, reflecting a robust margin of 13.8%. The reported contraction in net profit is primarily attributed to the ongoing impact of accelerated depreciation and business normalization phases inherent in the company’s transformation. Notably, these pressures are transitional and non-cash in nature, while the underlying operational performance remains firm. Operational cash flow grew by 3.1% YoY to IDR 17.3 trillion, bolstered by the successful implementation of TOTEX efficiency programs and improved collection discipline.
Telkom President Director Dian Siswarini stated, “This year, Telkom is intensifying the execution of the TLKM 30 strategy to create optimal value and ensure a solid, sustainable future for the company. These first-quarter results provide a strong foundation and serve as motivation for the TelkomGroup to continuously improve, ultimately delivering the best contributions for our customers, the community, and the nation.”
Driving Sustainable Growth Through B2C Market Improvements
In the B2C segment, which encompasses mobile and fixed broadband, Telkomsel recorded a consolidated revenue of IDR 27.6 trillion, up 1.3% YoY, primarily driven by its digital business. Data payload increased by 2.3% YoY, supported by disciplined investments aimed at expanding and enhancing network quality. Through strategies such as pricing discipline, product simplification, and improved customer experience, Telkomsel successfully boosted its Average Revenue Per User (ARPU) by 6.4% YoY to IDR 45,100. This growth signals a healthier market and a more stable, rational industry environment. Moving forward, Telkomsel remains focused on sustaining ARPU through increased customer productivity and digital lifestyle innovations tailored to evolving societal needs.
Dian added, “The telecommunications industry remains highly prospective because connectivity and internet access have become fundamental necessities. Over the past few years, we have seen consistent growth in demand for internet services without any signs of slowing down. We are optimistic about strengthening our mobile and fixed broadband ecosystem while prioritizing an excellent customer experience.”
Transformation Momentum Accelerating B2B Infrastructure Growth
The B2B Infrastructure segment showcased strong momentum, generating IDR 2.4 trillion in revenue, a 6.8% increase compared to the previous year, driven largely by the expansion of the Fiber-to-the-Tower (FTTT) business.
Mitratel, which oversees telecommunications towers and FTTT, recorded IDR 2.3 trillion in revenue, a 1.4% YoY rise, with tower leasing and related services remaining key pillars of stability. Thanks to effective cost management and strong business fundamentals, Mitratel successfully maintained a stable EBITDA margin of 82.7%.
As part of its ambition to lead the Southeast Asian tower market, Mitratel continued to bolster its fiber optic portfolio. During the first quarter, the company expanded its fiber optic network by 1,080 km, bringing its total footprint to 58,279 km. This expansion has successfully driven FTTT business growth, further establishing Mitratel as a leading integrated Next-Gen Tower Company.
In the data center space, revenue was derived from facilities managed by the NeutraDC Group and the edge data center facilities of NeuCentrIX. Recognizing that data centers are critical digital platforms with rising demand, Telkom is moving toward a strategic consolidation. This initiative will centralize all data center assets under NeutraDC, unlocking greater opportunities for service expansion, asset monetization, and strategic partnerships.
Meanwhile, the Wholesale and International Service unit recorded revenue of IDR 2.8 trillion, with a significant 18.9% quarter-on-quarter growth in interconnection services driven by increased activity in the international wholesale voice business.
In the B2B ICT segment, the company posted revenue of IDR 3.1 trillion. While the ongoing restructuring has led to a more cautious and selective approach toward new collaborations, this step is essential for fostering healthier margins, eliminating product overlap, and securing a stronger competitive position in the long term.
Strategic Transformation Remains on Track
The success of the B2C and B2B Infrastructure segments underscores the effectiveness of Telkom’s TLKM 30 strategy. Capital expenditure reached IDR 4.9 trillion, or 13.2% of revenue, with 99% allocated toward core infrastructure development in B2C, B2B Infrastructure, and International segments. Operational efficiency remains a priority through the “HoldCo-OpCo” portfolio streamlining, which includes divesting, merging, or liquidating non-core entities.
A key milestone in this streamlining process is the divestment of the AdMedika Group, expected to conclude by the end of the first semester of 2026. This move is designed to catalyze growth and innovation for AdMedika while enhancing service quality for the Indonesian and regional markets.
Additionally, Telkom is preparing for the second phase of separating its wholesale fiber connectivity business and assets into InfraNexia, targeted for completion in the third quarter. This process is part of a broader strategy to create a more agile and efficient fiber asset management structure. Once fully operational, the fiber business—currently contributing approximately 15% of total revenue—is projected to grow to 25%. By strengthening its B2B ICT and International segments to capture demand for AI-driven technologies, Telkom aims to achieve a more balanced revenue composition between its B2C and B2B divisions.
“The year 2026 is one of both opportunity and challenge for TelkomGroup,” concluded Dian. “We will continue to accelerate our TLKM 30 transformation strategy, maintaining strict operational discipline to strengthen business sustainability, provide inclusive services, and build a digital ecosystem that creates a broader, positive impact.”
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Summary
PT Telkom Indonesia reported a resilient performance for the first quarter of 2026, achieving consolidated revenue of IDR 37.2 trillion and a net profit of IDR 4.3 trillion. This growth, driven by the TLKM 30 transformation strategy, highlights the company’s operational discipline and success in expanding its B2C and B2B infrastructure segments. Despite transitional impacts from accelerated depreciation, operational cash flow grew by 3.1% to IDR 17.3 trillion, underscoring strong underlying business fundamentals.
Strategic progress continues as Telkom expands its fiber optic network and consolidates its data center assets under NeutraDC to capture rising digital demand. The company is further streamlining its portfolio through divestments, such as the AdMedika Group, and the ongoing separation of its wholesale fiber business into InfraNexia. These efforts, combined with a focus on AI-driven technologies and B2B ICT, aim to foster long-term sustainability and a more balanced revenue structure.