Coal Average Selling Price Increase

As of 9M23 MTEL posted a YoY +11.9% increase in revenue to IDR 6,273T (9M22: IDR 5,607T) and QoQ up 3.28% (2Q23: IDR 2,075T & 3Q23: IDR 2,143T). EBITDA in 9M23 rose by 14.8%
YoY and QoQ by +1.43% to IDR 5.054T (9M22: IDR 4.402T; 2Q23: IDR 1.677T & 3Q23: IDR 1.701T). Net Profit of MTEL increased by +16.5% YoY to IDR 1.430T (9M22: IDR 1.227T; 2Q23: IDR 521B & 3Q23: IDR 408B, -21.7% QoQ).

Asset Growth

As of 9M23 MTEL posted a YoY +11.9% increase in revenue to IDR 6,273T (9M22: IDR 5,607T) and QoQ up 3.28% (2Q23: IDR 2,075T & 3Q23: IDR 2,143T).

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