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TLK

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

TLK

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk • NYSE
$21.55 ▼ -3.62% (-0.81)
Market Cap $21.35 B
52w High $22.39
52w Low $13.15
Dividend Yield 1.29%
P/E 16.33
Volume 407.51K
Outstanding Shares 990.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $36.613T ▲ $15.351T ▲ $4.809T ▼ 13.135% ▼ $4.855K ▼ $18.538T ▲
Q2-2025 $36.365T ▼ $14.669T ▲ $5.165T ▼ 14.203% ▼ $5.214K ▼ $18.021T ▼
Q1-2025 $36.639T ▼ $14.479T ▲ $5.81T ▼ 15.857% ▲ $5.865K ▼ $18.961T ▲
Q4-2024 $37.748T ▲ $14.092T ▼ $5.974T ▲ 15.826% ▼ $6.031K ▲ $18.916T ▼
Q3-2024 $36.927T $14.137T $5.914T 16.015% $5.97K $19.368T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $33.054T ▼ $291.897T ▼ $136.885T ▼ $137.139T ▲
Q2-2025 $34.427T ▼ $293.797T ▼ $145.435T ▲ $132.141T ▼
Q1-2025 $35.708T ▲ $299.546T ▼ $129.244T ▼ $148.119T ▲
Q4-2024 $35.027T ▲ $299.675T ▲ $137.185T ▲ $142.094T ▲
Q3-2024 $27.311T $285.134T $130.783T $135.702T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $0 $17.032T ▲ $-7.09T ▼ $-11.793T ▲ $-1.631T ▼ $10.234T ▲
Q2-2025 $0 $15.797T ▼ $-4.939T ▲ $-11.997T ▼ $-1.225T ▼ $10.086T ▼
Q1-2025 $0 ▼ $16.776T ▲ $-6.521T ▲ $-9.923T ▼ $505B ▼ $11.675T ▲
Q4-2024 $5.974T ▲ $15.645T ▼ $-7.943T ▼ $1.323T ▲ $9.365T ▲ $8.125T ▼
Q3-2024 $5.914T $16.268T $-7.307T $-9.551T $-918B $10.083T

Five-Year Company Overview

Income Statement

Income Statement Revenue has been inching up over the past five years, but profit has not followed the same smooth path. Operating profit and net profit both peaked a few years ago and have since eased back, suggesting rising costs, pricing pressure, or heavier spending to support growth. Profitability is still healthy by telecom standards, yet the trend is more sideways than strongly upward. This points to a mature core business where future profit improvements will likely depend on efficiency gains and success in newer digital services, not just on adding more subscribers.

Balance Sheet

Balance Sheet The balance sheet looks solid and has been gradually strengthening over time. Total assets and shareholders’ equity have both grown steadily, indicating ongoing investment and a thicker capital cushion. Debt has also increased but at a more measured pace, which suggests leverage is being used as a tool rather than a crutch. Cash levels are comfortable, giving the company flexibility to fund projects, absorb shocks, or refinance if conditions change. Overall, it reads as a stable, asset‑heavy infrastructure business with manageable financial risk.

Cash Flow

Cash Flow The company generates strong, recurring cash flow from its operations, which is exactly what you want to see in a telecom. Even after significant spending on networks and infrastructure, free cash flow has remained clearly positive each year. Capital spending is sizable but has been edging down, which eases pressure on cash while still supporting modernization and expansion. This cash profile gives room to invest in new initiatives like data centers and digital services without overly stretching the balance sheet, assuming conditions stay broadly similar.

Competitive Edge

Competitive Edge Telkom Indonesia holds a dominant position in both mobile and fixed broadband, supported by nationwide infrastructure that would be extremely costly and time‑consuming for rivals to replicate. Its scale, brand, and government backing create high barriers to entry and help keep customers within its ecosystem. The company serves nearly every segment—consumers, enterprises, government, and other operators—making it deeply embedded in Indonesia’s digital backbone. The main competitive risks are ongoing price competition, regulatory shifts, and technology changes that could erode traditional telecom revenues if not matched with new service offerings.

Innovation and R&D

Innovation and R&D The company is not standing still; it is actively pushing a strategy that blends fixed and mobile services, scales up data centers and cloud, and expands digital and IT solutions for businesses. Its “Five Bold Moves” framework focuses on convergence, infrastructure monetization, B2B digital services, and new digital products, aiming to shift more value toward higher‑margin, tech‑driven areas. Investments in 5G, AI partnerships, IoT, and startup incubation show a clear intent to move beyond basic connectivity into platforms and applications. The big question is execution: turning these ambitious plans into profitable, scalable businesses while managing the cost and complexity of innovation.

Summary

Telkom Indonesia looks like a mature, cash‑generative telecom with a strong domestic franchise that is working hard to become a broader digital infrastructure and services player. Its financials show steady revenue, solid but not fast‑growing profits, a robust balance sheet, and consistently healthy cash flow despite heavy investment. On the strategic side, the company enjoys powerful advantages in scale, infrastructure, and government support, which give it room to experiment and invest. Future performance will hinge on how well it can convert its big bets—fixed‑mobile convergence, data centers, 5G, and digital IT services—into sustainable profit growth while navigating regulation, competition, and ongoing capital needs.