Coal Average Selling Price Increase

For the FY23 period, TLKM’s revenue grew +1.3% YoY to IDR 149.22T (FY22: IDR 147.31T). Operating Profit increased by +12.1% YoY to IDR 44.38T (FY22: IDR 39.58T). EBITDA decreased by -1.79% YoY to IDR 77.58T (FY22: IDR 78.99T). TLKM’s net profit increased by +18.3% YoY to IDR 24.56T in FY23 (FY22: IDR 20.75T). TLKM’s revenue was supported by the growth of Data segment, which grew after the successful Tsel-IndiHome merger and the fruitful FMC initiative as well as upselling and cross-selling of Tsel services. Moreover, due to the Tsel-Indihome merger, several cost items were helped due to post-merger efficiencies.

Asset Growth

For the FY23 period, TLKM’s revenue grew +1.3% YoY to IDR 149.22T (FY22: IDR 147.31T). Operating Profit increased by +12.1% YoY to IDR 44.38T (FY22: IDR 39.58T). EBITDA decreased by -1.79% YoY to IDR 77.58T (FY22: IDR 78.99T).

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