Telkom Indonesia stock posts 3.5% nine-month revenue growth
Published on 11/09/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth Continues Amid Transformation
- Telkom Indonesia increased normalized net income and expanded its digital-services business during the first nine months of 2026.
- Data, infrastructure, enterprise ICT and international operations all contributed to growth.
- Management is prioritizing portfolio streamlining, infrastructure monetization and stronger digital connectivity.
Telkom Indonesia reported stronger operating performance for the first nine months of 2026, while continuing to reshape its portfolio under the TLKM 30 transformation program. In a November 2 release, Telkom Indonesia said consolidated revenue reached IDR 113.5 trillion, up 3.5 percent year on year.
Data, Internet and IT Services provided the main growth engine, with revenue rising 8.3 percent to IDR 71.5 trillion. The company also reported normalized net income of IDR 16.5 trillion, an increase of 3.9 percent from the prior-year period. Reported net income stood at IDR 14.4 trillion, while the EBITDA margin was 48.9 percent.
Digital Businesses Drive Expansion
Telkomsel revenue increased 1.8 percent to IDR 82.9 trillion, supported by a 7.7 percent rise in digital-business revenue to IDR 60.7 trillion. Mobile average revenue per user increased 7.1 percent to IDR 45,400, while data yield rose 6.5 percent.
Infrastructure operations also delivered growth. B2B Infrastructure revenue increased 5.5 percent to IDR 7.1 trillion, supported by data centers, connectivity and infrastructure leasing. NeutraDC revenue rose 17 percent to IDR 1.39 trillion through September, with EBITDA up 35 percent and an EBITDA margin of 40.9 percent. The data-center unit is targeting capacity of 400 megawatts by 2030, with an aspirational goal of 1 gigawatt.
B2B ICT revenue rose 3.1 percent to IDR 11.2 trillion. Small and medium-sized business revenue increased 10.2 percent to IDR 3.3 trillion, while Indibiz customers grew 10.9 percent to 771,100. International revenue increased 5.8 percent to IDR 8.9 trillion.
Portfolio Changes Shape Outlook
Telkom said portfolio streamlining remains a central part of TLKM 30. Through the third quarter, the group had reorganized 14 entities through three divestments, nine closures and two mergers. The company also completed the separation of wholesale fiber connectivity assets into InfraNexia on September 30, creating a carrier-neutral and open-access infrastructure platform.
Management said it expects to close 2026 with solid performance and continues to focus on operational efficiency, core businesses and strategic partnerships. The main investor question is whether stronger digital infrastructure and enterprise services can offset pressure in legacy connectivity and convert portfolio changes into recurring earnings growth.
The real-time quote of Telkom Indonesia stock was 10.20 euros on Lang & Schwarz at 09:30:52 CET on Monday, November 9, 2026.
Telkom Indonesia stock at a glance
- Company: PT Telkom Indonesia (Persero) Tbk
- ISIN: US7156841063
- Ticker: TLK
- Lang & Schwarz quote: 10.20 euros at 09:30:52 CET on November 9, 2026
For broader market context, see current market reports.
More news and analyses on Telkom Indonesia stock cover the company's transformation, digital infrastructure and enterprise strategy.
