Indosat Ooredoo Hutchison (ISAT) Q4 2025 earnings summary

Executive summary

• Delivered strong Q4 2025 results, meeting full-year guidance with ARPU reaching Rp44,000 and EBITDA growth outpacing revenue growth, setting a solid trajectory for 2026.

• Consolidated revenue reached Rp56,518 billion for 2025, up 1.1% year-over-year, driven by cellular and MIDI segments.

• Net profit for 2025 was Rp5,818 billion, a 10.3% increase compared to 2024.

• Strategic initiatives in AI, customer experience, scam protection, and NeoCloud expansion drove operational and financial performance.

• Fiber asset monetization and AI Neo Cloud platform positioned for future growth.

Financial highlights

• Q4 2025 revenue grew 9.3% quarter-on-quarter to IDR 15,357bn, driven by cellular and media segments.

• EBITDA rose 11.6% quarter-on-quarter to IDR 7,249bn, with margin up 1 percentage point to 47.2%.

• Full-year 2025 revenue up 1.1% year-on-year to IDR 56,518bn; EBITDA up 0.8% year-on-year to IDR 26,597bn; normalized net profit up 11.6% year-on-year to IDR 5,488bn.

• Net profit up 12.2% year-on-year (reported) and 11.6% (normalized), reflecting higher EBITDA and one-off gains.

• Basic and diluted EPS was Rp170.84, up from Rp152.27 in 2024.

Outlook and guidance

• 2026 guidance targets mid- to high-single-digit growth in both revenue and EBITDA.

• Planned CapEx for 2026 is around IDR 13 trillion, mainly BAU, with no significant rise expected for 5G.

• Management expects continued growth in cellular and digital services, with ongoing capital expenditure focused on network expansion and digital transformation.

• Dividend payout ratio to increase gradually, aiming for 70% by 2026; 2025 payout to be higher than 55% but below 70%.