Pt Solusi Sinergi Digital Tbk · IDX:WIFI
Pt Solusi Sinergi Digital Tbk — FY2025 Earnings Presentation
26 slides from Pt Solusi Sinergi Digital Tbk's earnings presentation, Apr 22, 2026
Slide 1: Analyst Meeting FY2025 results
Analyst Meeting FY2025 results PT . SOLUSI SINERGI DIGITAL Tbk (“SURGE”) Subsidiary Companies: PT INTEGRASI JARINGAN EKOSISTEM (“WEAVE”) PT. TELEMEDIA KOMUNIKASI PRATAMA (“TKP”) Apr. 22, 2026
Slide 2: Agenda
FY2025 Achievements & Milestones FY2025 Financial Highlights Agenda Q12026 Business Updates Operational & Financial Q12026 Guidance 1
Slide 3: FY2025 Achievements & Milestones
FY2025 Achievements & Milestones 2
Slide 4: Achievements & Milestones
Achievements & Milestones Phase 1 1 Phase 1sadsas 2 Phase 3 Founding of legacy media business Laying the backbone of fiber business Building a national fixed broadband champion 2012 2014 2016 2019 2020 2022 2024 - Present Jul 2024 Formed strategic partnership with Feb 2025 Nokia to develop affordabl
Slide 5: FTTH – KAI addendum
Achievements & Milestones FTTH – KAI addendum New addendum with PT KAI • On 3 Dec 2025, we signed an addendum with PT KAI for the expansion of scope to cover the Sumatra railway area • The addendum also includes increasing the tenor of the contract from previously 2032 to 2037 Key terms of partnersh
Slide 6: Operational Overview: FY2025 Highlights
Operational Overview: FY2025 Highlights
Slide 7: Operational Performance Snapshot
FY2025 Operational Performance Snapshot Surge sustained strong momentum, hitting our operational targets across the board Home Passes Home Connect 2.5 million 1.5 million ↑ 66% QoQ | ↑ + 1,000,000 HPs ↑ 81% QoQ | ↑ + 669,000 subs. Take Up Rate Backbone Fiber Optics Network 60% ↑ 200bps QoQ 8,000 KM+
Slide 8: Operational Performance Snapshot
FY2025 Operational Performance Snapshot Surge has demonstrated track record in delivering exponential growth in FTTH Segment in past quarters （all units in ‘000) 84.1% 83.3% 58.0% 58.0% 60.0% 2,500 1,500 1,500 299 249 830 220 185 648 376 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Home passed No of subscribe
Slide 9: Financial Overview: FY2025 Highlights
Financial Overview: FY2025 Highlights
Slide 10: Financial Performance Snapshot
FY2025 Financial Performance Snapshot Surge’s operational scale-up translates into significant YoY growth across revenue, EBITDA, and cashflow. Growth are mainly contributed by the telco segment Revenue Surge’s Product Mix (%) Surge’s EBITDA Mix (%) IDR 1.659 Tn ↑ 147% YoY | ↑ 29% QoQ FY2024 FY2025
Slide 11: Financial Performance Snapshot
FY2025 Financial Performance Snapshot Improvements in core profitability ratios are driven by change of product mix FY2025 EBITDA Margins(in IDRbn) Gross Margin Operating Margin 68% 57% 74% ↑ 7.0% YoY ↑ 6.5% YoY 901 55% EBITDA Margin Net Profit Margin Gross Margin Blended EBITDAOperating margins: 69
Slide 12: Financial Performance Snapshot
FY2025 Financial Performance Snapshot Change in product mix within the Telco segment explains margins normalization Product Mix (%) Shift in Telco Segment’s Product Mix FY2024 FY2025 Compared to FY2024, the Company has shifted its product focus from majority B2B business (B2B: 84%, B2C: 15%) towards
Slide 13: Advertisement Segment
FY2025 Advertisement Segment Advertising Segment: Short-term profitability impact from Strategic Internal Utilization FY2025 Operating profit By Segment FY2025 Performance Overview (in IDR mn) • The Advertising segment recorded 39% YoY revenue growth and a 10% improvement in operating margins, suppo
Slide 14: Financial Performance Snapshot
FY2025 Financial Performance Snapshot Surge’s Indebtedness Summary As of 31 Dec 2024 As of 31 Dec 2025 Bank Loans Bank Loans Surge’s indebtedness increased from IDR 1.1T in 2024 to ~IDR 5.1T IDR 493.4 Bn IDR 2,473.7 Bn as we secured more funding to support our accelerated FTTH and Bonds Bonds FWA ro
Slide 15: 9M2025 Balance Sheet & Capital Structure
9M2025 Balance Sheet & Capital Structure Cash balance Net Debt to EBITDA Debt to Equity IDR 6.1 tn (1.0x) 0.6x Post rights-issue and Healthy leverage ratio debt drawdown Strong equity support Debt Service Capital Expenditure Coverage Ratio 2.6x IDR 3.1 T …mainly in Project Equipment Healthy debt ser
Slide 16: Capital Expenditure & Advances
FY2025 Capital Expenditure & Advances 2025 Incurred Capex – Tangible assets 2025 Advanced Payments Capex Breakdown (IDRmn) • Throughout 2025, we made advanced capex for purpose of 2026, particularly in relation to FWA / telco-related: 2,436,425 Description In IDR mn Depreciable asset base: about Rp
Slide 17: Business Updates: Q1 2026
as. fie. Surge digital ecosystems Business Updates: Q1 2026
Slide 18: Business Updates
Business Updates Update on current FWA progress: • Komdigi released the official ULO certificate on Jan 26 • IRA officially soft launched on 19 Feb 2026 • As of 16 March 2026, Surge has obtained >200K customers across >236 sites in Java • Implied take up rate of 88% • Next Steps: • Mapping the 1.1mn
Slide 19: FWA Roll Out Plan
FWA Roll Out Plan Phase I deployment schedule - Java Count of TP Sites Tower Provider Name Grand Total Area CMI GIHON PKP Protelindo TBG Banten 71 39 7 152 208 477 Jakarta 77 0 14 101 333 525 West Java 254 46 30 516 684 1,530 CJ North 187 16 14 347 531 1,095 Yogyakarta 48 3 2 148 149 350 East Java 2
Slide 20: FWA Roll Out Plan
FWA Roll Out Plan Surge has established collaborations with the Partners across the entire 5G FWA 1.4GHz end-to-end ecosystem
Slide 21: FWA Go-To-Market Plan
FWA Go-To-Market Plan Nationwide reach through 26 Internet Rakyat Distribution Partners across 84 FWA Sales Cluster Community-based Local Customer Easy Plug & Play Devices distribution model Onboarding, Acquisition & designed for rapid Role of Distribution Partners Support deployment & minimum train
Slide 22: Use Case - Speedtest Intelligence & Consumer QoE
mam USE CASE - Raw Data from Speedtest Intelligence & Consumer QoE Benchmarking Consumer WiFi Access Technology Month of DATE RECEIVED WIFI S | SS.9% wer z i MyRepublic ‘S3.4Mbps pasar! | em | Monitor & identify WiF WiFiA| 6 Performance of WiFi fi Home WiFi network q bad villi ects: ‘S3.3Mbps | Link
Slide 23: FWA Risks Mitigation
FWA Risks Mitigation Risks Mitigation RAN Fiber Backhaul Lead-time Prioritization of RAN sites within the vicinity of FTTH build-out creating direct synergies and fast-track RAN backhauling; Vendors’ service extension to cover RAN backhaul, i.e.: end-to-end implementation services RAN Equipment supp
Slide 24: Operational & Financial Overview: Guidance Q1 2026
Operational & Financial Overview: Guidance Q1 2026
Slide 25: Management Guidance for Q1'26 & FY2026E
Management Guidance for Q1’26 & FY2026E 5G FWA Segment – Internet Rakyat FWA FWA March 2026… By end Dec 2026 > 200K+ < 1 month 230+ 5,500 ~700 – 900 3.2 mn+ Active customers since commercial sites sites Customers per site Ending active customer launch (i) (i) These numbers are based on Mar. 16 cut-o
Slide 26: Thank You
| j ‘Thank You i \
PT Solusi Sinergi Digital Tbk (SURGE) — FY2025 Earnings Presentation on 6ix