MTEL – Books IDR1.1 tn net profit in 1H25

MTEL – Books IDR1.1 tn net profit in 1H25 In 1H25, Dayamitra Telekomunikasi (MTEL)’s total revenue rose 2.2% yoy to IDR4.6 tn, driven mainly by tower leasing and fiber services. Tower leasing grew 2.9% to IDR3.9tn, supported by organic tower and colocation additions. Fiber revenue surged 28.1% yoy to IDR287 bn, fueled by both organic and inorganic expansion of FTTT. The company booked total expenses of IDR2.5 tn, up 1.5% yoy, while operating expenses declined 4.2% yoy to IDR736 bn. In 1H25, EBITDA rose 3.5% yoy to IDR3.9 tn with an 84.0% margin, while net profit grew 2.9% to IDR1.1 tn, reflecting a 23.8% margin. MTEL's 1H25 performance was relatively inline with our and consensus expectations, reaching 48%–50% of estimates. (Source : Company)