Amid Industry Challenges, XLSMART Achieved Positive Performance in Q2 2025: Integration Progressing as Planned

About this update from Pt Xlsmart Telecom Sejahtera Tbk

∙ Revenue grew 22% YoY to Rp. 10.50 trillion ∙ Normalized EBITDA grew 10% YoY to Rp 4.97 trillion ∙ Customers increased 41% YoY to a total of 82.6 million ∙ Active users of MyXL, AXISNet and mySmartfren reached 41.4 million ∙ Service traffic grew 43% YoY ∙ The number of BTS increased 28% YoY, bringing the total to more than 209 thousandJakarta. August 27, 2025- PT XLSMART Telecom Sejahtera Tbk (XLSMART) announced its post-merger performance results for the second quarter of 2025. XLSMART continued delivering positive results. In Q2 2025, the Company recorded total revenue of Rp 10.50 trillion, an increase of 22% compared to the same period last year (YoY), normalized EBITDA of Rp 4.97 trillion with a normalized EBITDA margin of 47%, and normalized PAT (Profit After Tax) of Rp 313 billion. Data and digital services generated more than 91% of overall revenue. XLSMART's revenue in the first half of 2025 reached Rp19.10 trillion.XLSMARTPresident Director & CEO, Rajeev Sethi, stated, "The second quarter of 2025 marks a key milestone for XLSMART. Two and a half months following the merger, we encountered both external and internal barriers. Externally, the industry appears quite competitive, while inside, we must ensure the Company's operations remain solid in order to provide optimal customer service." Rajeev further added that XLSMART continues to concentrate on consolidation and integration across various lines of business in order to maintain performance. Key achievements in the second quarter post-merger include increased business scale, planned network integration, and enhanced customer experience. In addition, the company is currently modernising its network to expand its capacity and prepare for the adoption of the latest technologies. With a wider network, more capacity, and a multi brand strategy, XLSMART is well positioned to expand its role as a driver of Indonesia's digital transformation. We are grateful to maintain revenue growth, continue to deliver profitability, and provide inclusive, innovative, and value-added services to all customers," Rajeev said. By the end of Q2 2025, XLSMART's total customers had expanded to 82.6 million, with a blended ARPU of around Rp36 thousand. These customers and ARPU achievements reflect the consolidation that occurred following the merger. The merger resulted in an increase in operating expenses. However, s...

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