PT Tower Bersama (TBIG) Q1 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 earnings summary
7 Jul, 2025Executive summary
Revenue for Q1 2025 reached Rp1,731.6 billion, up 1.6% year-over-year, with net profit attributable to owners at Rp413.4 billion, a 18.2% increase from Q1 2024.
EBITDA and operating profit both showed growth, with operating profit at Rp1,112.4 billion, up from Rp1,096.6 billion year-over-year.
The company maintained a strong cash position, ending the quarter with Rp549.9 billion in cash and equivalents.
No impairment losses on goodwill were recognized, and a gain on bargain purchase of Rp7.6 billion was recorded from an acquisition.
Financial highlights
Gross profit for Q1 2025 was Rp1,258.4 billion, with a gross margin of 72.7%.
Operating expenses totaled Rp145.9 billion, and finance costs were Rp534.6 billion.
Net cash from operating activities was Rp1,443.2 billion, while net cash used in investing and financing activities was Rp499.4 billion and Rp1,881.3 billion, respectively.
Basic earnings per share for the quarter was Rp18.52, up from Rp15.45 in Q1 2024.
Outlook and guidance
Management continues to target a net senior debt to annualized adjusted EBITDA ratio below 5x.
The company expects continued growth in tower rental and fiber optic revenues, supported by long-term lease agreements with major telecom operators.
No significant expansion or downsizing is planned for 2025.
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