Pt Telkom Indonesia (persero) Tbk Class B · IDX:TLKM
Pt Telkom Indonesia (persero) Tbk Class B — FY2025 Earnings Presentation
60 slides from Pt Telkom Indonesia (persero) Tbk Class B's earnings presentation, May 12, 2026
Slide 1: Accelerating Transformative Execution
Accelerating Transformative Execution PT Telkom Indonesia (Persero) Tbk FY25 Corporate Presentation and Info Memo 12 May 2026 Accelerating Transformative Execution | Page
Slide 2: Disclaimer
Disclaimer PT Telkom Indonesia (Persero) Tbk has prepared this presentation solely for informational purposes and as part of its commitment to transparency for shareholders and investors. The information contained herein is derived from internal analysis, management discussions, and publicly disclos
Slide 3: Telkom Indonesia & Telkomsel - Board of Directors
Telkom Indonesia & Telkomsel - Board of Directors Dian Siswarini Arthur Angelo Nanang Faizal Rochmad Djoemadi Willy Saelan President Director Syailendra Hendarno Director of Director of Director of Director of Digital IT Budi Satria Human Capital Finance and Risk Veranita Network Seno Soemadji Andy
Slide 4: Share Price Performance & Ownership
Share Price Performance & Ownership Long-Term Performance Supported by Solid Institutional Ownership Shareholder Composition and Ownership Summary TLKM vs IHSG Share Performance since IPO 3000 Danantara TLKM : +16.9 x IHSG : +17.4 x Public 52.1% 2500 47.9% Series-A share held by BP BUMN 2000 1500 Pu
Slide 5: TLKM Share Price & Key Events on Indonesia Telco Sector
TLKM Share Price & Key Events on Indonesia Telco Sector Share price movement reflects sector consolidation, macro pressures, and strategic execution milestones across Indonesia’s evolving telco landscape Prior Events Mar 25 31 Oct 17 - SIM Card Registration Enacted Product Mar 21 – 2.3GHz Spectrum A
Slide 6: 4Q25 Macro Environment Supported By Government Spending
4Q25 Macro Environment Supported By Government Spending Consumer Confidence Index (CCI) benefitted from Govt. Spending Inflation Pickup, Not Reflected in 10 Year Govt Bond Yields in Dec ‘25 150 8.0% 140 7.0% 130 6.0% 120 5.0% 110 100 4.0% 90 3.0% 80 2.0% 70 1.0% 60 Sep 24 Sep 19 Sep 20 Sep 21 Sep 22
Slide 7: Telkom Indonesia's Transformation Pillars
Telkom Indonesia’s Transformation Pillars Aiming to provide world-class digital ecosystem leadership at scale 1 operaTional & service excellence streamlining 2 ▪ Reforming corporate culture and governance. ▪ Consolidate overlapping business units and divest non-core businesses. ▪ Prudent capital all
Slide 8: Progress on TLKM30 Initiatives (1/2)
TLKM30 Transformation Pillars Progress on TLKM30 Initiatives (1/2) Executing TLKM30 initiatives through stronger governance, portfolio optimization, and disciplined capital allocation 1. operaTional & service excellence 2. streamLining & back to core strength A. Governance Reset – Strengthening inte
Slide 9: Progress on TLKM30 Initiatives (2/2)
TLKM30 Transformation Pillars Progress on TLKM30 Initiatives (2/2) Advancing value creation through infrastructure monetization, strategic restructuring, and shareholder return enhancement 3. unlocK value 4. Modus-operandi shift A. i. Phase-1 fiber asset spin-off completion A. Ongoing transition tow
Slide 10: TLKM30 Transformation – Setting the Foundation for Future Growth
TLKM30 Transformation – Setting the Foundation for Future Growth Resetting legacy assets & governance to improve transparency Accounting Policy Change Progress on SEC investigation ✓ Applied retrospectively to the extent practicable. ✓ 6K filed to address legacy matters – Governance Reset. ✓ Adjustm
Slide 11: Improving Telkom's Total Shareholder Return (TSR)
Improving Telkom’s Total Shareholder Return (TSR) Driving long-term value creation through strategic capital management Share Price Performance 2025: +28.4% Share Buyback Program FY24 Dividend Yield: • Budget: Rp 3tn Total Shareholder +7.3% Value Unlocking Return (TSR) 2025: • Validity period: Divid
Slide 12: Financial & Operational Results
FY25 Financial & Operational Results
Slide 13: Evolving Toward HoldCo → OpCo Model
Evolving Toward HoldCo → OpCo Model Simplifying segment reporting & business lines for better transparency, performance measurement and valuation unlock Why Change? Current State Business-Line Reporting Segment-Led Reporting & Management Historical reporting structure was built around parenting Repo
Slide 14: FY25 Revenue Based on Business Segments (1/2)
Key Changes - Highlights from 2025 (1/2) FY25 Revenue Based on Business Segments (1/2) Segment-based reporting structure to enhance transparency, strategic focus, and value unlock FY25 Revenues (Rp tn) 146.7 109.2 5.9 3.3 10.7 15.3 8.9 External revenues 56.6 Inter-segment revenues 105.9 105.9 47.7 2
Slide 15: FY25 Revenue Based on Business Segments (2/2)
Key Changes - Highlights from 2025 (1/2) FY25 Revenue Based on Business Segments (2/2) External revenue performance by Segment • B2C revenue declined by 3.4% YoY in FY25 to Rp 105.9tn, primarily driven by competition in 1H25 and Legacy business (-25.3% YoY) impacted from the ongoing pressure of Over
Slide 16: FY24 & FY23 Financial Statement (Restated) Impact from Accounting Policy Change
Key Changes - Highlights from 2025 (2/2) FY24 & FY23 Financial Statement (Restated) Impact from change in Accounting Policy • Drop cable (“last mile to customer”) reclassified as a separate asset component (from access network) to better reflect customer-specific nature. • Assets useful life changed
Slide 17: FY25 Results Highlights
Consolidated FY25 Results Highlights 4Q25 revenue increase driven by Telkomsel’s revenue from digital business 4Q25 YoY Performance 4Q25 Financial Highlights FY25 Financial Highlights Telkomsel (stand-alone before elimination) Revenue Revenue FY25 4Q25 Rp 37.1 tn Rp 146.7 tn Mobile 1.4% QoQ 2.2%
Slide 18: Mobile Recovery Momentum Builds in 2H25
Highlights B2C Mobile Recovery Momentum Builds in 2H25 Total Revenue* (in Rp Tn) EBITDA* (in Rp Tn) Net Income* (in Rp Tn) -0.7% -3.6% +7.2% -3.3% -6.4% -10.5% +1.5% +5.4% 113.3 +14.7% 109.3 51.3 22.0 28.1 27.2 27.5 27.9 49.6 26.6 13.1 5.8 19.7 5.4 5.4 12.3 12.5 4.7 12.3 4.2 11.7 4Q24 1Q25 2Q25 3Q25
Slide 19: B2B Infra, B2B ICT, and International Business Pillars
Highlights B2B Infra, B2B ICT, International B2B Infra, B2B ICT, and International Business Pillars Expanding digital backbone and strengthening enterprise ecosystem B2B Infra B2B ICT Enterprise International External Revenue External Revenue External Revenue Rp 8.9tn 9.2% YoY Rp 15.3tn 2.8% YoY
Slide 20: Capex Realization & Capex-to-Revenue Ratio
FY25 Capex Realization & Capex-to-Revenue Ratio Changes due to Re-classification Capex spending remains disciplined and 93% of Capex was spent on B2C, B2B Infra, and International business Capex Breakdown FY25 (%) 5-year Capex Trend Fixed (PPE) and intangible assets additions Based on Segment 0.9 40
Slide 21: FY25 Results & FY26 Company Guidance
FY25 Results & FY26 Company Guidance Revised 2025 Guidance 2025 Results 2026 Guidance Revenue: Revenue: Normalized Revenue Growth: Slight contraction -2.2% 1-3% EBITDA Margin: EBITDA Margin Normalized EBITDA Margin: Normalized: 49.9% c50% Reported: 49.2% >50% *Capex-to-Revenue *Capex-to-Revenue *Cap
Slide 22: Significant & Subsequent Events
FY25 Consolidated – Supplementary Information Significant & Subsequent Events Significant Events 1. Transfer of the Government’s ownership of Series-B shares • Based on Notarial Deed No. 121 dated March 22, 2025, the Government transferred ownership of Series B shares 52.09% of Telkom total shares,
Slide 23: Info Memo Data – Financial Statements
Info Memo Data – Financial Statements
Slide 24: FY25 Financial Highlights
FY25 Consolidated – Info Memo Data & FS FY25 Financial Highlights • FY25 Revenue declined by 2.2% YoY to Rp 146.74tn in FY25, yet 4Q25 continue to show positive impact from mobile recovery momentum, increased by 1.4% QoQ to Rp 37.1tn. Quarterly improvement driven by Telkomsel standalone revenue rose
Slide 25: FY25 and 4Q25 Revenue by Business Line (1/2)
FY25 Consolidated – Info Memo Data & FS FY25 and 4Q25 Revenue by Business Line – (1/2) FY25 Revenue (Rp tn) 4Q25 Revenue (Rp tn) +0.5% -2.2% -1.7% +1.4% 160.0 150.0 Thousands 149.2 146.7 37.7 11.5 13.4 Data, Internet & 36.6 37.1 13.5 140.0 12.5 10.5 IT Services 3.5 2.2 8.1 3.8 1.4 9.1 9.2 9.0 120.0
Slide 26: FY25 and 4Q25 Additional Data - Revenue by Business Line (2/2)
FY25 Consolidated – Info Memo Data & FS FY25 and 4Q25 Additional Data - Revenue by Business Line (2/2) • Data, Internet & IT Service revenues • Declined by 0.5% YoY to Rp 90.0tn in FY25, driven by Telkomsel’s digital business (-1.9% YoY), due to competition in 1H25 and shifts in mobile usage behavio
Slide 27: FY25 Total Expense Breakdown (1/3)
FY25 Consolidated – Info Memo Data & FS FY25 Total Expense Breakdown – (1/3) FY25 Total Expense (Rp tn) *Normalized FY25 Total Expense (Rp tn) +2.3% -0.3% +1.9% +3.3% 112.1 106.4 106.1 108.5 104.1 106.5 0.5 3.3 3.8 0.0 3.3 3.8 6.6 3.5 6.6 3.5 6.2 6.1 6.2 6.1 7.0 6.9 7.0 6.9 6.4 6.4 16.4 15.9 15.6 15
Slide 28: Normalized FY25 and 4Q25 Expense Breakdown (2/3)
FY25 Consolidated – Info Memo Data & FS Normalized FY25 and 4Q25 Expense Breakdown (2/3) *Normalized FY25 Operating Expense (Rp tn) *Normalized 4Q25 Operating Expense (Rp tn) +4.6% -0.6% -0.3% -0.4% YoY +0.05% QoQ 74.9 74.5 73.8 73.6 +5.2% 71.6 3.8 3.3 3.8 3.3 19.3 3.5 6.2 6.6 18.3 19.3 18.3 6.1 6.2
Slide 29: FY25 and 4Q25 Additional Information - Total Expense Breakdown (3/3)
FY25 Consolidated – Info Memo Data & FS FY25 and 4Q25 Additional Information - Total Expense Breakdown (3/3) • Operation, Maintenance & Telco Services (O&M) expenses • Flat for FY25 (+0.1% YoY) to Rp 41.2tn, as a result of continued discipline in cost management for both fixed and variable component
Slide 30: One-off items impacting FY25 Total Expense
FY25 Consolidated – Info Memo Data & FS One-off items impacting FY25 Total Expense YoY Normalized Personnel Expense (Rp tn) QoQ Normalized Personnel Expense (Rp tn) -2.6% +16.5% -1.3% -8.0% 16.8 16.4 4.5 15.6 15.4 3.8 3.8 3.5 ERP 0.9 tn Expense ERP 1.2 tn 0.9 tn Expense FY24 3Q25 FY25 4Q25 Personnel
Slide 31: FY24 & FY23 Financial Statement (Restated) Impact from Accounting Policy Change
FY25 Consolidated – Info Memo Data & FS FY24 & FY23 Financial Statement (Restated) Impact from change in Accounting Policy • Drop cable (“last mile to customer”) reclassified as a separate asset December 31 , 2024 Before Adjustment Adjustment As Restated component (from access network) to better ref
Slide 32: FY25 Operating Cash Flow Rises 3.6% YoY
FY25 Consolidated – Info Memo Data & FS FY25 Operating Cash Flow Rises 3.6% YoY Consolidated Key Indicators (Rp Bn) FY25 YoY 4Q25 QoQ FY25 FY24 4Q25 3Q25 (%) (%) Cash Flows from Operating Activities 63,842 61,600 3.6 14,237 17,032 (16.4) Cash Flows used in Investing Activities (26,095) (29,456) (11.
Slide 33: FY25 Debt Profile
FY25 Consolidated – Info Memo Data & FS FY25 Debt Profile In FY25, the majority of Telkom’s debt remained denominated in Rupiah. Total debt (including lease) declined by 2.5% YTD to Rp 74.9tn, primarily driven by repayment of Rp 2.3tn of matured bonds. As of FY25, Telkom has total outstanding corpor
Slide 34: FY25 Key Financial Ratios
FY25 Consolidated – Info Memo Data & FS FY25 Key Financial Ratios Debt to Equity (%) Debt to EBITDA (x) Return on Assets (%) Return on Equity (%) 49.85 49.76 1.04 1.02 11.01 20.62 20.22 19.49 1.02 1.01 10.70 19.13 10.12 10.21 45.56 16.25 0.88 8.51 FY23 FY24 FY25 FY24 FY25 FY23 FY24 FY25 FY24 FY25 FY
Slide 35: Stand Alone Data
Stand Alone Data Accelerating Transformative Execution | Page 35
Slide 36: Telkomsel - Profitability Strengthened with Improving Market Conditions (1/2)
FY25 Telkomsel – Stand Alone data Telkomsel - Profitability Strengthened with Improving Market Conditions (1/2) QoQ EBITDA and net income growth supported by disciplined cost management, operational efficiency, and improving market conditions CONSOLIDATED STATEMENTS OF PROFIT AND LOSS YoY QoQ Rp bn
Slide 37: Telkomsel - Profitability Strengthened with Improving Market Conditions (2/2)
FY25 Telkomsel – Stand Alone data Telkomsel - Profitability Strengthened with Improving Market Conditions (2/2) QoQ EBITDA and net income growth supported by disciplined cost management, operational efficiency, and improving market conditions Strengthen Digital Leadership while Navigating Market Rec
Slide 38: Telkomsel - Maintaining a Healthy Financial Position (1/3)
FY25 Telkomsel – Stand Alone data Telkomsel - Maintaining a Healthy Financial Position (1/3) Strong financial fundamentals maintained through disciplined capital allocation, efficient funding strategy, and sustainable cash generation PT TELEKOMUNIKASI SELULAR AND ITS SUBSIDIARIES CONSOLIDATED STATEM
Slide 39: Telkomsel - Maintaining a Healthy Financial Position (2/3)
FY25 Telkomsel – Stand Alone data Telkomsel - Maintaining a Healthy Financial Position (2/3) Strong financial fundamentals maintained through disciplined capital allocation, efficient funding strategy, and sustainable cash generation PT TELEKOMUNIKASI SELULAR AND ITS SUBSIDIARIES CONSOLIDATED STATEM
Slide 40: Telkomsel - Maintaining a Healthy Financial Position (3/3)
FY25 Telkomsel – Stand Alone data Telkomsel - Maintaining a Healthy Financial Position (3/3) Strong financial fundamentals maintained through disciplined capital allocation, efficient funding strategy, and sustainable cash generation Cash Flow Description Dec-24 Dec-25 Growth Cash at Beginning Perio
Slide 41: ARPU & Data Yield Recovery Continued in 2H25
FY25 Telkomsel – Stand Alone data ARPU & Data Yield Recovery Continued in 2H25 Driving growth supported by improving ARPU, payload, and focus on quality subscribers Key Metrics: 7,000 159.0 5,798 5,832 5,643 5,622 6,000 157.0 5,355 5,028 4,711 4,814 5,000 4,406 4,419 4,538 155.0 4,119 49.7 4,000 48.
Slide 42: Quality-Led Growth Driven by Mobile Business Momentum
FY25 Telkomsel – Stand Alone data Telkomsel - Quality-Led Growth Driven by Mobile Business Momentum Remained the key driver of total revenue growth, supported by improving ARPU, payload, and focus on quality subscribers MOBILE REVENUE CUSTOMER BASE ARPU PAYLOAD BTS (in Rp Bn) (in 000) (in Rp 000) (i
Slide 43: Further Promoting Quality-led Customer Convergence
FY25 Telkomsel – Stand Alone data Further Promoting Quality-led Customer Convergence Competitive Pressure Remains a Challenge As Pricing Remains Well Above Mobile ARPU FIXED REV. FBB Subscribers ARPU CONVERGENCE (in Rp Bn) (in 000) (in Rp 000) Users (in 000) Penetration (%) YoY -1.6% +7.4% -10.1% 26
Slide 44: Early Market Repair Traction Supported by Disciplined Execution
FY25 Telkomsel – Stand Alone data Early Market Repair Traction Supported by Disciplined Execution Reflects the benefits of pricing discipline, product simplification, and a sharper focus on value-led growth. Short Term Long Term Driven by Service & Quality Profitability ARPU Differentiation Market S
Slide 45: Appendix
Appendix Accelerating Transformative Execution | Page
Slide 46: Telkom Indonesia's Extensive Digital Infrastructure
FY25 TLKM - Appendix Telkom Indonesia’s Extensive Digital Infrastructure Apart from Telkomsel, our next-largest value creation will come from unlocking our infrastructure business 210K+ km Fiber Backbone Network 58 Point of Presence (PoP) in 26 Countries Domestic 115,643 km International 95,200 km 5
Slide 47: TLKM Data Center Business
FY25 TLKM - Appendix TLKM Data Center Business Indonesia’s 3rd largest Data Center Business with an Opportunity to Unlock Value & Monetize through Strategic Partnership ~5MW Total Effective Existing Capacity end of 2025 ~43MW + 2,757 racks NeutraDC to Expand Footprint HYPERSCALE DATA CENTER ENTERPRI
Slide 48: B2B ICT Segment
FY25 TLKM - Appendix B2B ICT Segment • B2B ICT revenue declined by 2.8% YoY to Rp 15.3tn, as the segment is currently undergoing restructuring resulting in a more selective approach toward securing new contracts. • Telkom continues to strengthen our capabilities in the connectivity+ (incl. Software-
Slide 49: B2B Infra - Mitratel (MTEL IJ) FY25 Performance
FY25 TLKM - Appendix B2B Infra - Mitratel (MTEL IJ) FY25 Performance The Largest Tower Infrastructure Business in Indonesia Operational Performance FY25 Financial Performance FY25 Revenue EBITDA Net Income # of Tower # of Tenants Fiber (km) # of Colocation Physical asset +826 +3,216 +2.4% +1.8% +2,3
Slide 50: Telkom Indonesia Awards & Recognition – 4Q25
FY25 TLKM - Appendix Telkom Indonesia Awards & Recognition – 4Q25 Oct 1, 2025 Indonesia Economic Summit 2025 IPv6 Enhanced Net5.5G Conference 2025 Kumparan Impact Makers Awards 2025 Accelerating Transformative Execution | Page 50
Slide 51: Telkom Indonesia Previous & Current Share Buybacks
FY25 TLKM - Appendix Telkom Indonesia Previous & Current Share Buybacks • Journey to improve shareholder return SBB I SBB III SBB 2025 (on-going) TLKM TLKM TLKM 21/12/2005 : Rp1.210 20/06/2008 : Rp1.553 28/05/2025 : Rp2,820 21/06/2007 : Rp 1.950 22/12/2009 : Rp 1.943 24/04/2026: Rp2,810 (↑61,16%) (↑
Slide 52: ESG Data
ESG Data Accelerating Transformative Execution | Page 52
Slide 53: ESG Strategy, Metrics and Targets 2030
ESG – Sustainability Actions (1/7) ESG Strategy, Metrics and Targets 2030 Driving measurable sustainability outcomes through climate action, inclusive growth, and responsible governance by 2030 Save our Planet Empower Our People Elevate Our Business Climate change and Diversity, equity, and inclusio
Slide 54: Telkom Indonesia Sustainability Journey
ESG – Sustainability Actions (2/7) Telkom Indonesia Sustainability Journey 2024 2025 Telkom has established a sustainability • 2024 GHG emissions (Scopes 1–3) are verified under ISO 14064- Telkom’s ESG principles focus on creating long-term value policy that includes the formation of a that positive
Slide 55: Telkom Group Emission Profile
ESG – Sustainability Actions (3/7) Telkom Group Emission Profile Green House Emission (ton CO2e) SUMMARY 2023 2024 2025 Scope 1 83,730.01 82,085.37 46,068.08 Stationary Combustion 28,044.60 27,381.46 12,288.35 Mobile Combustion 28,704.86 27,182.00 21,874.05 Fugitive Emissions 26,947.46 27,491.11 10,
Slide 56: Telkom Group Emission Profile 2023 (Scope 1 & 2)
ESG – Sustainability Actions (4/7) Telkom Group Emission Profile 2023 (Scope 1 & 2) From Telkom Group’s total emissions, Telkom previously accounted for 17.7%. However, after the asset transfer to TIF, 14.5% of Telkom’s emissions were reallocated to TIF, leaving Telkom with 3.2% emission. In additio
Slide 57: Telkom's Emissions Pathway to Net-Zero
ESG – Sustainability Actions (5/7) Telkom’s Emissions Pathway to Net-Zero Governments effort to Remaining Emissions After Offset Grid Decarbonisation decarbonize energy sector 4.5 Biodiesel Mix Mandate Refrigerant Replacement Millions Electrification Renewable Energy & Energy Storage • PLN’s shift t
Slide 58: Telkom Group's Pathway to Emissions Milestones 2023 - 2030
ESG – Sustainability Actions (6/7) Telkom Group’s Pathway to Emissions Pathway For Scope 1 & 2 Emissions Milestones 2023 - 2030 Short-term targets Medium-term targets Long-term targets 20% reduction of scope 1 and 40% reduction of scope 1 70% reduction of scope 1 Telkom Group 4.0 scope 2 emissions b
Slide 59: Telkom Group's Emission Pathway to Net Zero
ESG – Sustainability Actions (7/7) Telkom Group’s Emission Pathway to Net Zero By 2030, Telkom Group’s decarbonization levers are projected to reduce baseline emissions by 21.6%—driven primarily by grid decarbonization PLN, complemented by REC purchases in 2030 and energy efficiency & equipment mode
Slide 60: Thank you
Thank you Telkom Landmark Tower Gatot Subroto Kav. 52 Jakarta 12710 Indonesia www.telkom.co.id Accelerating Transformative Execution | Page
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