)
XLSMART Telecom Sejahtera (EXCL) investor relations material
XLSMART Telecom Sejahtera Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed a major merger, achieving key integration milestones ahead of schedule and establishing a strong foundation for future growth, with operational efficiencies and margin expansion into 2026.
Revenue and ARPU increased significantly post-merger, with ARPU up 26% and network consolidation and 5G rollout in 33 cities improving coverage and customer experience.
Awarded Ookla Speedtest Award for fastest 5G network in Indonesia, validating network quality.
The merger resulted in significant changes to assets, liabilities, and management structure, with a net loss recorded due to higher expenses and impairment losses.
The merger contributed substantial revenue and a post-merger loss, with ongoing focus on integration and service expansion.
Financial highlights
2025 revenue increased to IDR 42.5 trillion, up 23–32% year-on-year, driven by data, digital services, and subscriber growth.
Normalized EBITDA rose 13% to IDR 20.1 trillion, with margin at 47–52%; reported EBITDA impacted by integration-related OpEx.
Normalized PAT grew to IDR 3 trillion, but a net loss of IDR 4.4 trillion was recorded due to higher expenses and impairments.
Blended ARPU up 15–26% year-on-year to IDR 44,800 in Q4 2025; traffic up 47% year-on-year.
Subscriber base at 73 million in Q4 2025, up 24% year-on-year post-merger, with a focus on high-quality users.
Outlook and guidance
2026 revenue growth expected to align with market recovery, prioritizing value over volume, with EBITDA growth targeted at approximately 2x revenue growth.
CapEx for 2026 projected at IDR 15–20 trillion, focused on network quality, integration, and 5G expansion.
Merger synergies targeted at $250–300 million in 2026, with full synergy potential of $300–400 million annually post-integration.
Management expects enhanced service quality and expanded coverage from the merger, aiming for smarter, integrated digital experiences.
The company is assessing the impact of new accounting standards (PSAK 118) on future financial statement presentation.
Next XLSMART Telecom Sejahtera earnings date
Next XLSMART Telecom Sejahtera earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)