PT Sarana Menara Nusantara (TOWR) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 14.2% YoY to Rp11,060,107 million; net income was Rp2,886,985 million and parent-attributable profit was Rp2,774,129 million.

• Tower and fiber assets included 36,958 towers and 204,417 km of fiber, supporting an expanding digital infrastructure platform.

Financial highlights

• Revenue was Rp11,060,107 million versus Rp9,686,701 million; EBITDA rose 5.5% to Rp8,471bn.

• Net income was Rp2,886,985 million versus Rp2,553,169 million; parent-attributable profit increased 8.6% to Rp2,774,129 million.

• Operating profit was Rp5,690,928 million; net finance costs were Rp2,089,913 million.

• Operating cash flow declined to Rp8,145,486 million from Rp8,581,693 million; investing and financing outflows were Rp4,639,933 million and Rp3,268,124 million.

• Profit before income tax, after final tax, was Rp3,027,307 million versus Rp2,547,101 million.

Outlook and guidance

• Contracted revenue was Rp97,359bn at 9M 2026, with contracts extending to 2045; its decline from year-end reflected revenue recognition, not cancellations or customer loss.

• Contracted revenue was ~7.3x FY2025 revenue and ~2.1x the loan balance; 74% came from towers, while non-tower contracted revenue was IDR 26.0tn.

• Management expects connectivity growth to continue, supported by enterprise bandwidth demand; tower and wholesale FTTH expansion depends on customer orders.