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9 February 2026
Full Year 2025 Results
Total Revenue of IDR56,518.1 Bn.
EBITDA of IDR26,597.3 Bn. Sustained Net Profit of IDR5,509.7 Bn
PT Indosat Tbk. (the Company) has demonstrated resilience amid a challenging business environment,
delivering steady growth and profitability for the full year of the 2025 financial year (FY 2025). Total revenue
increased by 1.1% YoY to IDR56,518.1 billion, while EBITDA rose 0.8% YoY to IDR26,597.3 billion, maintaining a
strong EBITDA margin of 47.1%. Despite market headwinds, the Company achieved a solid Profit for the
Year Attributable to Owners of the Parent of IDR5,509.7 billion representing a 12.2% YoY growth,
underscoring its robust fundamentals and commitment to creating sustainable value for stakeholders .
In Q4 2025, the Company recorded revenue of IDR 15.356.5 billion, up 9.3% QoQ, driven by broad-based
growth across Cellular, Multimedia, Data Communications, Internet (MIDI), and Fixed telecommunications.
Blended Mobile ARPU grew 10.5% QoQ to IDR 44k, while the mobile customer base remained stable at 94
million, reflecting the health and quality of Indosat’s core business.
The Company expanded its network infrastructure, increasing the number of 4G BTS to 214k to effectively
handle the data traffic growth and provide marvelous customer experience for its users. Data traffic for FY
2025 increased by 9.2% YoY.
Financial Highlights
* excluding Right of Use Assets under PSAK 116
Indosat, together with Nokia and NVIDIA, inaugurated the AI‑RAN Research Center on 12 November 2025,
in Surabaya. The AI‑RAN Research Center is a facility dedicated to developing an
artificial‑intelligence‑based Radio Access Network (RAN). This collaboration combines Nokia’s advanced
RAN technology, NVIDIA’s state‑of‑the‑art accelerated computing platforms, and Indosat’s reliable
commercial network to enable the integration of AI into Indonesia’s telecommunications infrastructure.
Carrying the theme “AI by Indonesians, for Indonesia,” this development center becomes the first AI‑RAN
collaboration site in Asia, established through the partnership between Nokia and NVIDIA.
Indosat collaborated with Qualcomm to enhance network performance and efficiency on 6 December
2025, Through the implementation of the Qualcomm® Dragonwing™ RAN Automation Suite, Indosat
leverages Qualcomm Technologies’ advanced AI capabilities to optimize network operations, reduce
operational costs, and deliver superior services to customers.
Head Office
Jalan Medan Merdeka Barat No. 21 www.ioh.co.id
Jakarta 10110, Indonesia
P: (62 -21) 3000 3001
Page 2
FULL YEAR 2025
OPERATING AND FINANCIAL RESULTS
The Company has released its audited consolidated financial statements for the Full Year 2025 (“FY 2025”).
The audited consolidated financial statements have been prepared and presented in accordance with
Indonesian Financial Accounting Standards (IFAS).
Audited Consolidated Statements of Profit or Loss and Other Comprehensive Income
Key Indicators Annually Quarterly
(in IDR billion) FY 2025 FY 2024 Growth % 4Q 2025 3Q 2025 Growth %
Revenues 56,518.1 55,886.9 1.1 15,356.5 14,052.0 9.3
• Cellular 47,355.6 47,036.0 0.7 12,798.3 11,807.6 8.4
• MIDI 8,344.9 7,986.5 4.5 2,344.6 2,038.7 15.0
• Fixed Telecom 817.6 864.4 (5.4) 213.6 205.7 3.8
Expenses (45,243.2) (45,049.0) 0.4 (11,923.2) (11,394.0) 4.6
Operating Profit 11,274.9 10,837.9 4.0 3,433.3 2,658.0 29.2
Other Expenses - Net (3,990.3) (4,105.4) (2.8) (896.4) (994.5) (9.9)
Profit for the Year
Attributable to Owners
of The Parent 5,509.7 4,910.8 12.2 1,922.3 1,252.1 53.5
EBITDA* 26,597.3 26,375.1 0.8 7,248.8 6,493.1 11.6
EBITDA Margin 47.1% 47.2% (0.1) 47.2% 46.2% 1.0
Percentage changes may vary due to rounding.
Financial Ratios
Formula FY 2025 FY 2024
Interest Coverage** EBITDA/Interest Payment 23.59 22.50
Net Debt to EBITDA*** (Debt - Cash & Cash Equivalent)/Total EBITDA 0.39 0.40
* EBITDA (earnings before interest, taxes, depreciation and amortization) is a non-IFAS measure that management believes is a useful
supplemental measure of cash generated prior to debt service, capital expenditures and income tax. Investors are cautioned that
EBITDA should not be construed as an alternative to net income determined in accordance with IFAS as an indicator of the Company’s
performance or to cash flows from operations as a measure of liquidity and cash flows. EBITDA does not have a standardized meaning
prescribed by IFAS. The Company’s method of calculating EBITDA may differ from the methods used by other companies and,
accordingly, it may not be comparable to similarly titled measures used by other companies.
** Calculated using EBITDA and interest payment for the years ended 31 December 2025 and 2024.
*** Net debt excludes lease liabilities.
AUDITED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Revenues of IDR56,518.1 billion were recorded for FY 2025, an increase of IDR631.2 billion or 1.1% higher
compared to FY 2024. The Company’s Cellular, MIDI, and Fixed Telecommunication business each
contributed 83.8%, 14.8%, and 1.4%, respectively, to the consolidated revenues for the year ended 31
December 2025.
• Cellular Revenues increased by 0.7% compared to FY 2024, attributable to increase in value-added
services (VAS).
• MIDI Revenues increased by 4.5% compared to FY 2024, attributable to increase in IT Services offset
by decrease in Fixed Connectivity and Fixed Internet.
• Fixed Telecommunication Revenues decreased by 5.4% compared to FY 2024 driven by a decrease
in international call, offset by an increase in fixed line.
Expenses of IDR45,243.2 billion were recorded on FY 2025, an increase of IDR194.2 billion or 0.4% higher
compared to FY 2024. This increase was mainly due to increases in cost of services, depreciation and
amortization, and general and administrative, offset by decreases in personnel, marketing, and increase
in other operating income (expense) - net.
• Cost of Services: increased by IDR1,088.2 billion or 4.8% higher than FY 2024, mainly due to increase in
partnership cost, installation, maintenance, radio frequency fee, utilities and interconnection offset by
lower rental and services, starter pack and voucher.
• Depreciation and Amortization: increased by IDR272.6 billion or 1.8% higher than FY 2024,
mainly due to additional fixed assets from network roll out.
• Personnel Expenses: decreased by IDR440.0 billion or 11.3% lower than FY 2024
mainly due to decrease in bonus, employee income tax allowance and other
employee benefits offset by higher salaries and post employment benefits.
Head Office
Jalan Medan Merdeka Barat No. 21 www.ioh.co.id
Jakarta 10110, Indonesia
P: (62 -21) 3000 3001
Page 3
• Marketing Expenses: decreased by IDR315.7 billion or 15.8% lower than FY 2024, mainly due to decrease
in subscriber acquisition cost, exhibition, marketing agency, promotion, advertising and customer
service offset by increase in channel marketing and market research.
• General and Administrative Expenses: increased by IDR76.5 billion or 8.6% higher than FY 2024 mainly
due to increase in provisions for impairment of trade receivables and professional fees, offset by
decrease in public relations and transportation.
• Other Operating Income (Expense) – net: increased by IDR487.4 billion or 2,288.8% higher than FY 2024
mainly due to one-off reversal of tax provisions, gain on asset disposal and lower share of net loss of
associates and joint ventures.
Other Expenses - net: The Company recorded other expenses-net of IDR3,990.3 billion, decreased by
IDR115.1 billion or 2.8% lower than FY 2024 due to a decrease in finance cost and increase in gain on foreign
exchange – net offset by interest income.
Profit for the Year Attributable to Owners of the Parent: The Company recorded net profit of
IDR5,509.7 billion, increased by IDR598.9 billion primarily due to increase in revenue, decrease in personnel,
marketing, other expenses - net and increase in other operating income (expense) - net offset by increase
in cost of services, general administrative, depreciation and amortization.
AUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Key Indicators (in IDR billion) FY 2025 FY 2024 Growth %
ASSETS
Current Assets 19,003.9 14,877.7 27.7
Non-Current Assets 99,626.0 99,509.0 0.1
TOTAL ASSETS 118,629.9 114,386.7 3.7
LIABILITIES
Current Liabilities 30,499.3 31,009.0 (1.6)
Non-Current Liabilities 48,621.5 46,725.9 4.1
TOTAL LIABILITIES 79,120.8 77,734.9 1.8
TOTAL EQUITY 39,509.1 36,651.8 7.8
TOTAL LIABILITIES & EQUITY 118,629.9 114,386.7 3.7
Percentage changes may vary due to rounding.
• Current assets increased by 27.7% to IDR19,003.9 billion, mainly due to increase in assets classified as
held for sale, cash and cash equivalent, trade receivables and current portion of prepayment.
• Non-current assets increased by 0.1% to IDR99,626.0 billion, mainly due to increase in fixed assets and
due from related parties offset by decrease in other intangible assets, long-term prepayments and
deferred tax assets.
• Current liabilities decreased by 1.6% to IDR30,499.3 billion mainly due to decrease in short-term
employee benefit obligations, other current liabilities and accruals offset by an increase in current
portion of procurement payable, trade payables, unearned revenue, and taxes payable.
• Non-current liabilities increased by 4.1% to IDR48,621.5 billion mainly due to increase in long-term loan
and unearned revenue non-current portion offset by decrease in long-term lease liabilities and bonds
payable.
Head Office
Jalan Medan Merdeka Barat No. 21 www.ioh.co.id
Jakarta 10110, Indonesia
P: (62 -21) 3000 3001
Page 4
Cash Flow and Capital Expenditure
Key Indicators (in IDR billion) FY 2025 FY 2024 Growth %
Net Cash Flows Provided by Operating Activities 21,550.6 19,096.1 12.9
Net Cash Flows Used in Investing Activities (12,097.4) (12,464.8) (2.9)
Net Cash Flows Used in Financing Activities (8,861.6) (7,380.4) 20.1
Net Foreign Exchange Differences from Cash and Cash Equivalents 29.6 13.6 117.4
Increase (Decrease) in Cash and Cash Equivalents 621.2 (735.5) 184.5
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 4,454.1 5,189.6 (14.2)
CASH AND CASH EQUIVALENTS AT END OF THE YEAR 5,075.3 4,454.1 13.9
Percentage changes may vary due to rounding.
Capex in FY 2025 amounted to IDR13,280.3 billion (excluding IDR7,521.2 billion of Right of Use Assets).
Approximately 78.6% of the Capex was allocated to cellular; to support data services demand and the
remaining balance was allocated to MIDI and Fixed Telecommunications.
STATUS OF DEBT
Total outstanding debt: As of 31 December 2025, the Company had total outstanding gross debts
(excluding unamortized transaction costs and lease liabilities) of IDR15,395.2 billion. The Company’s cash
position as at 31 December 2025 stood at IDR5,075.3 billion and net debt is at IDR10,319.9 billion. The
composition of the Company’s gross debt, excluding lease liabilities, is as follows:
Debt Proportion (Principal amount) FY 2025 FY 2024 Growth %
IDR Loans (billion) 11,850.2 9,050.0 30.9
IDR Bonds (billion) 3,545.0 5,866.0 (39.6)
Total maturing debt: in the next twelve months, IDR 3,650.8 billion of the Company’s debt is maturing. The
average tenor of debt is 2.1 years as of 31 December 2025.
OPERATIONAL RESULTS
Annually Quarterly
Key Indicators
FY 2025 FY 2024 4Q 2025 3Q 2025
Customers - Postpaid (million) 1.8 1.5 1.8 1.7
Customers - Prepaid (million) 91.9 93.2 91.9 92.9
Customers - Total (million) 93.7 94.7 93.7 94.6
ARPU (Postpaid) (IDR thousand) 93 95 91 91
ARPU (Prepaid) (IDR thousand) 40 37 43 39
ARPU (Blended) (IDR thousand) 40 38 44 40
MoU (minutes) 4.9 5.5 4.7 4.7
Data Traffic (PB) 17,655 16,170 4,874 4,532
SMS Traffic (bn) 0.5 1.7 0.1 0.1
Blended cellular ARPU rose 10.5% QoQ in Q4 2025 to IDR 44K, bringing the FY 2025 average to IDR 40K, up
6.4% compared to the same period in 2024.
Customer base remained stable FY 2025 at 94M.
Data Traffic rose by 9.2% to 17,655 PB in-line with the growth of the digital economy in Indonesia as Indosat
plays its role in empowering the people of Indonesia.
Head Office
Jalan Medan Merdeka Barat No. 21 www.ioh.co.id
Jakarta 10110, Indonesia
P: (62 -21) 3000 3001
Page 5
NETWORKS
As of 31 December 2025, the Company operated ~214K 4G BTS (adding ~18K 4G BTS during FY 2025) and
6,872 5G BTS.
Annually
Key Indicators
FY 2025 FY 2024 % Change
Base Transceiver Stations (BTS) 2G 57,403 53,862 6.6
4G 213,898 196,348 8.9
5G 6,872 107 6,322.4
About Indosat Ooredoo Hutchison
Indosat Ooredoo Hutchison (Indosat, IDX: ISAT) has the vision to become the most preferred digital telecommunications company in
Indonesia. Together with its subsidiaries and affiliates, Indosat provides cellular services, ICT solutions, data centers, Fiber to
the Home (FTTH), electronic payment services, financial services, and other digital services. Indosat has a larger purpose
of empowering Indonesia, and with the spirit of Gotong Royong, Indosat wants to be the main collaborator in realizing
it and creating meaningful change. https://ioh.co.id/
Ticker: ISAT; Closing Price: IDR2,320; Market Capitalization: IDR74.8 trillion; Ratings: Pefindo idAAA (Stable);
Fitch AAA (idn) (Stable);
Head Office
Jalan Medan Merdeka Barat No. 21 www.ioh.co.id
Jakarta 10110, Indonesia
P: (62 -21) 3000 3001
Page 6
AUDITED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For The Years Ended 31 December 2025 and 2024
(Expressed in Billions of Rupiah)
Growth
Description 2025 2024
(%)
REVENUES
Cellular 47,355.6 47,036.0 0.7
Multimedia, Data Communication, Internet ("MIDI") 8,344.9 7,986.5 4.5
Fixed Telecommunications 817.6 864.4 (5.4)
TOTAL REVENUES 56,518.1 55,886.9 1.1
(EXPENSE) INCOME
Cost of services (23,828.5) (22,740.3) 4.8
Depreciation and Amortization (15,831.1) (15,558.5) 1.8
Personnel (3,449.7) (3,889.7) (11.3)
Marketing (1,677.3) (1,993.0) (15.8)
General and Administration (965.3) (888.8) 8.6
(Loss) Gain on Foreign Exchange - net (16.6) 51.8 (132.1)
Share of Net Loss of Associates and Joint Ventures (1.4) (82.1) (98.3)
Net Gain on Sale of Property & Equipment 161.4 110.7 45.8
Others - Net 365.3 (59.1) 717.7
TOTAL EXPENSES (45,243.2) (45,049.0) 0.4
OPERATING PROFIT 11,274.9 10,837.9 4.0
Interest Income 189.4 363.0 (47.8)
Gain on Foreign Exchange - net 21.6 9.4 129.2
Finance Costs (4,201.3) (4,477.8) (6.2)
OTHER EXPENSES - Net (3,990.3) (4,105.4) (2.8)
PROFIT BEFORE INCOME TAX 7,284.6 6,732.5 8.2
INCOME TAX EXPENSE (1,467.1) (1,460.1) 0.5
PROFIT FOR THE YEAR 5,817.5 5,272.4 10.3
PROFIT FOR THE YEAR ATTRIBUTABLE TO:
OWNERS OF THE PARENT 5,509.7 4,910.8 12.2
NON-CONTROLLING INTERESTS 307.8 361.6 (14.9)
TOTAL 5,817.5 5,272.4 10.3
Percentage changes may vary due to rounding.
Disclaimer
This document contains certain financial information and results of operation, and may also contain certain projections, plan s, strategies,
and objectives of Indosat Ooredoo Hutchison, that are not statements of historical fact which would be treated as fo rward-looking
statements within the meaning of applicable law. Forward looking statements are subject to risks and uncertainties that may cause
actual events and Indosat Ooredoo Hutchison's future results to be materially different than expected or indicat ed by such statements.
No assurance can be given that the results anticipated by Indosat Ooredoo Hutchison, or indicated by any such forward looking
statements, will be achieved.
The financial information provided herein is based on Indosat Ooredoo Hutchison’s consolidated financial statements in accordance with
Indonesian Financial Accounting Standards.
Head Office
Jalan Medan Merdeka Barat No. 21 www.ioh.co.id
Jakarta 10110, Indonesia
P: (62 -21) 3000 3001
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