PT Telkom Indonesia (Persero) Tbk stock (ID1000122807): Strong 2025 results amid US regulatory probe

PT Telkom Indonesia (Persero) Tbk reported Rp146.7 trillion in 2025 revenue and Rp17.8 trillion net income, with shares delivering 35.7% return, while facing ongoing US SEC and DOJ investigations into accounting and FCPA issues.

PT Telkom Indonesia (Persero) Tbk, Indonesia's leading telecom provider, closed fiscal year 2025 with consolidated revenue of Rp146.7 trillion, net income of Rp17.8 trillion (12.1% margin), and normalized net income of Rp22.7 trillion (15.4% margin), according to CNN Indonesia as of 05/12/2026. EBITDA reached Rp72.2 trillion at a 49.2% margin. The stock achieved a 35.7% return in 2025. Separately, Indonesia's stock exchange BEI is monitoring Telkom due to a US SEC investigation since October 2023 on accounting disclosures related to a Kominfo project, expanded to include DOJ's FCPA probe since May 2024, per detikFinance as of 05/12/2026.

As of: 12.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: PT Telkom Indonesia (Persero) Tbk
• Sector/industry: Telecommunications
• Headquarters/country: Indonesia
• Core markets: Indonesia, Southeast Asia
• Key revenue drivers: Mobile services, infrastructure, ICT
• Home exchange/listing venue: Indonesia Stock Exchange (TLKM), NYSE (TLK)
• Trading currency: IDR (primary), USD (ADR)

PT Telkom Indonesia (Persero) Tbk: core business model

PT Telkom Indonesia (Persero) Tbk operates as Indonesia's largest integrated telecommunications firm, providing fixed-line, mobile, and digital services through subsidiaries like Telkomsel. The company shifted to a strategic holding model under TLKM 30 transformation, focusing on four OpCos: B2C, B2B Infrastructure, B2B ICT, and International. This includes delayering operations and divesting non-core assets like AdMedika.

Telkomsel, the flagship mobile unit, generated Rp109.2 trillion in 2025 consolidated revenue, driven by 15% YoY data traffic growth amid rising digital demand, as reported in the 2025 results published May 12, 2026.

Main revenue and product drivers for PT Telkom Indonesia (Persero) Tbk

Key revenue came from connectivity (fiber infrastructure), managed solutions, and digital services. B2B ICT segment posted Rp15.3 trillion from these areas. The firm strengthened digital infrastructure, including fiber connectivity, as part of its value-unlock pillar. Telkom's US-listed ADRs (TLK) offer US investors exposure to Southeast Asia's fast-growing telecom market.

Industry trends and competitive position

Indonesia's telecom sector benefits from expanding internet penetration and data consumption. Telkom holds a dominant position via Telkomsel's market share in mobile services. The TLKM 30 strategy emphasizes operational excellence and portfolio streamlining to compete in digital transformation.

Why PT Telkom Indonesia (Persero) Tbk matters for US investors

With ADRs on NYSE (TLK), Telkom provides US investors access to Indonesia's economy, the largest in Southeast Asia. Its 35.7% 2025 stock return outperformed many global peers, though US regulatory scrutiny adds volatility relevant to ADR holders.

Conclusion

PT Telkom Indonesia (Persero) Tbk delivered robust 2025 financials with strong revenue growth and margins, fueled by digital services and Telkomsel's performance. The stock's 35.7% return reflects operational resilience under TLKM 30. However, ongoing US SEC and DOJ probes into accounting and FCPA matters warrant close monitoring by investors tracking the NYSE-listed ADRs.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.