Half Year 2026 Indosat Tbk PT Earnings Call Transcript
Key Points
- PT Indosat Tbk (PTITF) reported strong financial performance with a 13% year-on-year increase in revenue, a 14% increase in EBITDA, and a 49% increase in normalized net profit for the first half of 2026.
- The company successfully closed a fiber transaction, receiving IDR11.7 trillion, which significantly strengthened its balance sheet and improved its leverage position.
- Customer ARPU increased by 17% year-on-year, reaching IDR46,000, indicating effective monetization strategies.
- PT Indosat Tbk (PTITF) secured 80 megahertz of spectrum to enhance its 5G experience, supporting the government's ambition to grow Indonesia's digital ecosystem.
- The AI Neo Cloud business recorded USD $33 million in revenue for the first half of 2026, with a target of USD $100 million for the full year, and is expected to generate over $330 million in annual recurring revenue starting 2027.
- The company faced higher personnel costs, which increased by 46% year-on-year, driven by performance-based pay such as bonuses and incentives.
- Depreciation and amortization expenses rose due to investments in network experience and customer contract amortization acceleration.
- Total cost of services and OpEx increased by 12.6% year-on-year, impacting overall profitability.
- Marketing expenses increased by 3% year-on-year, reflecting higher activities to support revenue growth.
- The company anticipates elevated CapEx levels for the next two years due to 5G investments, which may pressure cash flow and financial flexibility.
Good day and thank you for standing by. Welcome to the PT InnoSAR TPK's first half 2026 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automatic message advising your H1st price. To withdraw your question, please press. Star one-on-one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Indar Dalival, Head of Investor Relations. Please go ahead.
Thank you, Sandra. Good afternoon, everyone.
Thank you for joining us on the call today.
With us on the call today, we have Pav Vikram Sinha, our Chief Executive Officer Pa Apurva Mehrotra, Chief Growth Officer and Pa Bilal Kazmi, our Chief Operating Officer. Pa Nikki Lee, our Chief Financial Officer, extends his apologies for not being able to
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