PT XLSMART Telecom Sejahtera Tbk (PTXKY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Sure. Thank you, Christopher. And good afternoon, everyone. And thank you all of you for joining in today. Today is an important day. It's the first full quarter of Excel smart journey. Just to remind you, our merger happened 15th of April, 16th of April. So the last quarter was two and a half months of command operations. This time is the first full quarter. And the numbers which we are reporting are a result of that. And I'm pleased to share that the momentum continues to build across our businesses. We've delivered a strong performance. Revenue, reported revenue is up 38% year on year, 9% quarter on quarter. Underpinned by very strong subscriber quality, improving ARPU and good progress which you're making on the integration. Network integration specifically is progressing well. As you would know, national roaming for smartphone customers was completed in record time. The Moken rollout continues to expand, improving both coverage and quality for all our customers. Financially, we are seeing a very healthy growth, underlying growth. Normalized EBITDA and PAT reflect the strength of our core businesses. Though the reported results still include temporary one-offs, which are normal for a merger, and they are related to integration and asset optimization. Synergies are taking shape. We'll speak a bit more about that in the next few slides. And we are accelerating value creation across operations, procurement and infrastructure. These initiatives are moving steadily towards our ambition to become the industry's most efficient and agile service provider. Overall, I believe this quarter demonstrates resilience and strong execution as ExelSmart continues to unlock long-term value from the merger. If I move to the next slide, post-merger, our integration engine is running ...