Indosat Ooredoo Hutchison (ISAT) Q2 2026 earnings summary

Executive summary

• Delivered strong growth across all business lines in 1H'26, with double-digit increases in revenue, EBITDA, and net profit year-over-year.

• Revenue for the six months ended 30 June 2026 reached Rp30.65 trillion, up from Rp27.11 trillion year-over-year, driven by growth in cellular and MIDI segments.

• Net profit for the period was Rp4.42 trillion, a significant increase from Rp2.51 trillion in the prior year period.

• Completed a major fibre asset transaction, unlocking IDR11.7tn in proceeds and positioning for further fibre and 5G expansion.

• A one-time net gain of Rp1.52 trillion was recognized from the loss of control of a subsidiary and related leaseback transaction.

Financial highlights

• Revenue rose 13.1% year-over-year to IDR30.7tn in 1H'26.

• EBITDA increased 13.6% year-over-year to IDR14.6tn, with EBITDA margin stable at 47.6%.

• Normalized net profit attributable to owners surged 49.2% year-over-year to IDR3.2tn.

• Total assets as of 30 June 2026 were Rp138.3 trillion, up from Rp118.6 trillion at year-end 2025.

• Cash and cash equivalents at period end were Rp15.78 trillion, up from Rp5.08 trillion at year-end 2025.

Outlook and guidance

• 2026 revenue and EBITDA growth guidance upgraded to close to double-digit, from previous mid-to-high single digit.

• CAPEX guidance raised to IDR23tn, including significant investment in 5G and excluding AI Neocloud spend.

• The company secured 5G spectrum licenses for 700 MHz and 2600 MHz bands, effective August 2026, with upfront and annual fees committed.