Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia (TLKM) Corporate presentation summary

Strategic transformation and business model evolution

• Advanced the TLKM30 transformation, focusing on operational excellence, streamlining, value unlocking, and a shift to a HoldCo-OpCo model for improved transparency and efficiency.

• Completed InfraNexia Phase-1 spin-off, transferring over 50% of selected fiber assets; Phase-2 will consolidate remaining wholesale fiber business and assets, targeting completion in 2H26.

• Streamlined operations by divesting, merging, and closing multiple subsidiaries, aiming for a leaner, more competitive group structure.

• Segment-led reporting enhances visibility into profitability, cash generation, and capital allocation by business line.

• InfraNexia positioned as a neutral wholesale fiber platform, supporting both internal and external monetization and future strategic partnerships.

Financial and operational performance 1H26

• Consolidated revenue grew 3.9% YoY to Rp 75.9tn, with EBITDA up 3.8% YoY at Rp 37.5tn and margin stable at 49.4%.

• Net income increased 1.4% YoY to Rp 10.6tn; normalized net income rose 6.2% YoY to Rp 11.3tn, with margin at 14.9%.

• B2C external revenue rose 4.8% YoY, driven by 12.6% growth in Data, Internet & IT Services; mobile ARPU reached Rp 46.0k (+9.0% YoY).

• B2B Infra external revenue grew 4.9% YoY, while B2B ICT softened by 1.3% YoY; international business revenue declined 1.5% YoY.

• Free cash flow to the firm increased 7.0% YoY to Rp 44.2tn, supported by resilient OCF and lower capex.

Infrastructure, investment, and capital allocation

• Capex in 1H26 was Rp 10.8tn, with 94% allocated to core businesses (B2C and B2B Infra) for digital connectivity expansion.

• InfraNexia Phase-2 will transfer Rp 23.0tn in network assets and c.Rp 22.7tn in annual revenue contracts, consolidating 94% of the relevant network asset base.

• Data center business reached 49.9 MW capacity, with high occupancy and regional expansion plans.

• Mitratel remains the largest TowerCo in SEA, with 40,563 towers and a tenancy ratio of 1.57x.

• Debt profile remains healthy, with majority in Rupiah; total debt including leases rose 8.0% YTD to Rp 80.9tn.