As of 9M24, MTELL still scored consistent and stable growth performance, as Net Profit grew +7.1% YoY to IDR 1.53 T (9M23: IDR 1.43 T & QoQ: -13.8% QoQ 2Q24: IDR 543B, 3Q24: IDR 468B). MTEL’s revenue is still growing steadily, having increased by +8.7% YoY to IDR 6.82T as of 9M24 (9M23: IDR 6.27T & QoQ: +5.52% 2Q24: IDR 2.24T, 3Q24: IDR 2.37T). Meanwhile, EBITDA in the 9M24 period grew by +12.1% YoY to IDR 5.67T in 9M24 (9M23: IDR 5.05T & QoQ: +6.2% 2Q24: IDR 1.86T, 3Q24: IDR 1.97T). As of now, MTEL still maintains its position as the largest tower owner in Indonesia.
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