Logotype for PT Tower Bersama Infrastructure

PT Tower Bersama (TBIG) Q1 2025 earnings summary

Event summary combining transcript, slides, and related documents.

Logotype for PT Tower Bersama Infrastructure

Q1 2025 earnings summary

7 Jul, 2025

Executive 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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