PT Tower Bersama (TBIG) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2025 reached Rp3,450.6 billion, up slightly from Rp3,414.3 billion year-over-year.

• Net profit for the period was Rp852.7 billion, an increase from Rp760.1 billion in the same period last year.

• The company maintained a strong cash position, with cash and cash equivalents at Rp798.99 billion as of June 30, 2025.

• Major customers remain the largest Indonesian mobile operators, with no single customer exceeding 34% of total revenue.

Financial highlights

• Gross profit for the period was Rp2,486.0 billion, up from Rp2,465.5 billion year-over-year.

• Operating profit reached Rp2,192.8 billion, compared to Rp2,174.4 billion in the prior year.

• EBITDA margin remained robust, supported by stable tower rental revenues and cost control.

• Basic earnings per share increased to Rp36.87 from Rp32.37 year-over-year.

• Total assets stood at Rp44,772.95 billion, with total equity of Rp10,492.55 billion as of June 30, 2025.

Outlook and guidance

• The company continues to focus on expanding its tower portfolio and maintaining high occupancy rates.

• Ongoing investments in fiber optic infrastructure and digital services are expected to support future growth.

• Management targets to maintain a net senior debt to annualized adjusted EBITDA ratio below 5x.