Telkom Indonesia Q1 revenues up 3.7% aided by mobile, fixed broadband gains

11 May 2022

PT Telekomunikasi Indonesia (Telkom), the country’s largest communication services provider by subscriptions and revenue, has published its financial results for January-March 2022. In its quarterly ‘InfoMemo’ the carrier highlighted that revenues increased by 3.7% year-on-year to IDR35.21 trillion (USD2.46 billion) from IDR33.95 trillion, and 1Q22 net income inched up by 1.7% to IDR6.12 trillion from IDR6.01 trillion in 1Q21 fuelled by demand for its IndiHome fixed broadband services, which achieved a 7.9% y-o-y sales rise to IDR6.85 trillion as subscriptions rose 7.2% to 8.737 million. Further, the group’s mobile arm Telkomsel said that whilst it was still being impacted by COVID-19 and the ‘challenges from overall lower purchasing power’, it nonetheless booked first-quarter revenues of IDR21.26 trillion, up 0.2% y-o-y although net income plunged 31.8% to IDR4.58 trillion. The unit closed out 31 March 2022 with a total of 174.956 million subscriptions, compared to 164.692 million at end-March 2021 (a 5.2% gain). Thanks to continuous network deployments, in particular 4G and 5G, Telkomsel reported 247,930 base stations on air at the start of April this year, up from 234,165, of which 197,721 were 3G/4G/5G.

Telkom Indonesia also reported that EBITDA climbed 3.1% to IDR19.39 trillion, with an EBITDA margin of 55.1% (down 0.3 of a percentage point), while operating profit fell 9.3% to IDR1.61 trillion undermined in part by a 10.6% increase in operating expenses to IDR24.60 trillion. First-quarter CAPEX stood at IDR5.70 trillion it said, mainly to ‘strengthen network infrastructure and support to increase capacity, both in the fixed line and mobile businesses for the best digital experience for customers’.

Indonesia, Telkom Indonesia, Telkomsel (Telekomunikasi Selular)