Tower Bersama Infrastructure stock reports IDR 3.46 trillion revenue

Published on 09/25/2026 at 12:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tower Bersama Infrastructure stock carried IDR 2.95 trillion of EBITDA in H1 2026. Net debt stood at IDR 28.31 trillion on June 30, while the target was IDR 1,700.

TBIG, ID1000116809, Illustration mit AI erstellt.

Tower Bersama Infrastructure stock (ID1000116809) stood at IDR 1,465 on the Indonesia Stock Exchange on September 25, 2026, down 0.34 percent from the prior close of IDR 1,470. The price was 50.34 percent below its 52-week high of IDR 2,950, placing the recent operating figures alongside a wide market valuation gap.

Six month revenue reaches IDR 3.46 trillion

TBIG generated IDR 3.46 trillion in revenue and IDR 2.95 trillion in EBITDA during the first half of 2026, according to Kontan on September 1, 2026. The same period added 2,023 gross tenancies, comprising 1,417 new telecommunications sites and 606 colocations.

The operating base stood at 25,280 sites and 42,332 tenancies in H1 2026, producing a tenancy ratio of 1.68 times. Those figures show that the revenue base is tied to recurring tower use rather than a single contract announcement.

Debt remains the key counterweight

TBIG reported gross debt of IDR 29.01 trillion and cash of IDR 700 billion as of June 30, 2026, leaving net debt of IDR 28.31 trillion, Kontan reported. Based on annualized second-quarter EBITDA, the report put net debt at 4.8 times EBITDA, making leverage the clearest factor tempering the companys operating scale.

Industry consolidation supplied the main strategic context in late August. Kontan reported on August 27, 2026, that Mirae Asset Sekuritas rated TBIG Trading Buy with an IDR 1,700 target. That target stood IDR 235 above the September 25 price, a 16.04 percent premium.

TBIG stock stays below yearly high

TBIG stock traded between IDR 1,435 and IDR 1,480 during the September 25 session, with volume of 169,000 shares. Its 52-week range was IDR 1,220 to IDR 2,950, while market capitalization stood at IDR 33,097,985,463,425.