PT Sarana Menara Nusantara (TOWR) Q3 2025 earnings summary

Executive summary

• Operates 36,049 towers and 268,901 km of revenue-generating fiber, maintaining a leading position in Indonesia's digital infrastructure sector.

• Achieved stable returns with ROI of 8.2% and ROE of 15.9% for 3Q2025.

• Business model centers on long-term, non-cancellable contracts, ensuring predictable cash flows.

• Investment grade ratings from S&P and Fitch, with a stable outlook.

• Consolidated financial statements cover the nine months ended September 30, 2025, unaudited.

Financial highlights

• 3Q2025 revenue was Rp 3,292.5 billion, nearly flat year-over-year (-0.1%).

• Net income for 3Q2025 rose 7.2% year-over-year to Rp 903.2 billion.

• Total revenue for the nine months ended September 30, 2025, was Rp9,686,701 million, up from Rp9,449,041 million year-over-year.

• Gross margin for 3Q2025 was 67.8%, EBITDA margin 82.2%, and net income margin 27.4%.

• Net profit attributable to owners was Rp2,555,244 million, compared to Rp2,447,237 million in the prior year.

Outlook and guidance

• Positioned to benefit from ongoing 4G cycle and future 5G opportunities.

• Industry consolidation among mobile operators expected to improve business case for 5G and drive further demand.

• Management expects continued growth in tower rental and telecommunication services, supported by recent acquisitions and infrastructure expansion.