Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Earnings
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk is expected to report next earnings on October 29, 2026 (in NaN days), with a consensus EPS estimate of $0.33. TLK has beaten EPS estimates in 4 of its last 12 reported quarters (average surprise -7.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $0.32 | $0.36 | +11.0% | $4.2B | +98.3% |
| May 29, 2026 | $0.34 | $0.26 | -23.9% | $2.1B | -1.1% |
| Oct 30, 2025 | $0.34 | $0.30 | -10.7% | $2.2B | -1.3% |
| Jul 31, 2025 | $0.34 | $0.31 | -8.1% | $2.2B | -0.2% |
| Apr 18, 2025 | $0.37 | $0.38 | +3.8% | $2.2B | -7.1% |
| Mar 28, 2025 | $0.36 | $0.33 | -7.4% | $2.3B | -2.5% |
| Oct 30, 2024 | $0.41 | $0.38 | -7.2% | $2.4B | -2.6% |
| Apr 18, 2024 | $0.42 | $0.37 | -12.9% | $2.4B | -0.3% |
| Mar 22, 2024 | $0.45 | $0.33 | -26.3% | $2.5B | -2.5% |
| Oct 31, 2023 | $0.42 | $0.48 | +15.1% | $2.4B | -0.7% |
| Jul 22, 2023 | $0.50 | $0.43 | -13.3% | $2.5B | -2.6% |
| Apr 28, 2023 | $0.44 | $0.45 | +1.7% | $2.4B | -6.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2024 · April 23, 2024
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
### Management Statement and Operational Highlights - **Financial Overview**: Telkom Group revenue grew 3.7% year-on-year to IDR 37.4 trillion, EBITDA stood at IDR 19.4 trillion, increased by 2.2% from the previous year. - **Telkomsel Performance**: Maintained dominance with consumer value maximization, expanded mobile customer base to 159.7 million, and IndiHome B2C customers to 8.9 million. - **Data Center Initiatives**: Prepared data center business for B2B future revenue growth, aiming to find strategic partners to unlock capacity. - **ESG Initiatives**: Launched EXIST program covering environmental (reducing carbon emissions, using green energy), people (developing HR competency), and governance (sustainability governance) pillars.
Guidance
### Guidance - Plan to fully unlock data center business by end of 2024 and aim for 400 megawatts capacity by 2030. - PT Telkom Infrastruktur Indonesia to commence infrastructure asset managed service in 2024 and assume higher duty in 2025. - Expect IDR 1.8 trillion synergy impact from IndiHome integration in 2024.
Segment performance
### Segment Performance - **Mobile Business**: Revenue increased 32.7% year-on-year to IDR 28.5 trillion, with IDR 21.9 trillion from mobile and IDR 6.6 trillion from fixed broadband. Digital business revenue after consol grew by 8.6% year-on-year, contributing 89.9% to mobile revenue. - **Wholesale and International Business**: Contributed revenue of IDR 4.8 trillion, growing by 17.8% due to growth in international wholesale voice and digital connectivity infrastructure business. - **Data Center Business**: Telkom has a 42 megawatts capacity with 70% utilization. Data center and cloud revenue in Q1 was IDR 449 billion, growing 6.4% year-on-year. NeutraDC is focusing on expanding ready-to-use capacity by 18 megawatts by end of 2024. - **Enterprise Segment**: Recorded revenue of IDR 4.5 trillion, with B2B IT Digital Services and Enterprise Connectivity solutions as major contributors.
Risks & headwinds
### Risks - Potential macroeconomic downturn, inflation, and geopolitical issues affecting business stability. - Intense competition in the data center market, risk of lagging supply wiping out opportunities. - Dynamic prepaid market requiring cautious monitoring and adjustment of Telkomsel Lite plan.
Analyst Q&A
Q: Impact of Telkomsel Lite plan, spectrum auction timelines, IndiHome B2C revenue outlook**
A: Traction of Telkomsel Lite aligned to plan, monitoring prepaid market dynamics; waiting for official spectrum auction announcement from government; IndiHome B2C revenue affected by transition alignment, but showing positive sales progress. - **
Q: Mobile ARPU decline, cost efficiency in O&M**
A: ARPU impacted by legacy revenue decline and seasonal factors; O&M expense reduced by one-off impacts (e.g., surface tower) and WSA contract adjustments. - **
Q: IndiHome ARPU decline, by.U cannibalization, revenue reclassification**
A: Focus on higher ARPU accounts to balance ARPU decline; no cannibalization from by.U as it targets unique youth segment; reclassification for proper segment classification to clarify revenue reporting. - **
Q: Competitor reaction to Telkomsel Lite, cost savings target, data traffic growth drivers**
A: Competitors adjusting strategies, but Telkomsel maintains premium pricing; cost savings plan with IDR 1.8 trillion impact from revenue uplift and OpEx efficiency; data traffic growth driven by increased users and productivity from Telkomsel Lite and existing customer initiatives. - **
Q: Telkomsel Lite subscriber breakdown, data center plan, synergy impact quantification**
A: Telkomsel Lite in early stage, monitoring traction; data center expansion plan to add 18 megawatts by end of 2024; synergy impact from revenue cross-selling, OpEx efficiency, and CapEx optimization, though details not disclosed in full.