EarningsQ3 2024 Earnings Report

PT Telekomunikasi Indonesia Tbk (TLKN) Q3 2024 Earnings Report

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Previous Report: Q2 2024

Next Report: Q4 2024

MX:TLKN Q3 2024 EPS Results

Actual EPS$6.72

Consensus EPS$7.39

Beat/MissMissed by -$0.67

One Year Ago EPS$7.95

MX:TLKN Q3 2024 Revenue Results

Actual Revenue$42.35B

Expected Revenue$44.25B

Beat/MissMissed by -$1.89B

YoY Revenue Growth-5.03%

Earnings Announcement Details

QuarterQ3 2024

Date10/31/2024

TimeTBA

Conference CallThursday, October 31, 2024

MX:TLKN Upcoming Earnings

PT Telekomunikasi Indonesia Tbk's next earnings date is estimated for October 29, 2026, based on past reporting schedules.

Q3 2024 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q3 2024 Earnings Slide Deck

No slide deck is available for this earnings event.

Q3 2024 Earnings Call Summary

Q3 2024

Earnings Call Date:Oct 31, 2024|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call reveals a mix of positive and negative aspects. While there are notable achievements such as positive revenue growth and strong performance in fixed broadband and Mitratel, challenges such as EBITDA decline, operating net income drop, and Telkomsel revenue decline indicate pressure points. The sentiment reflects cautious optimism amidst macroeconomic challenges and competitive pressures.

Company Guidance

During the earnings call for PT Telekom Indonesia, the company provided guidance for the fiscal year 2024, highlighting several key metrics and strategies. The company aims to achieve a low single-digit revenue growth, maintaining an EBITDA margin between 50% to 52%, and a CapEx-to-revenue ratio of 22% to 24%. For the first nine months of 2024, revenue grew by 0.9% year-on-year to IDR 112.2 trillion, while EBITDA decreased by 4.1% to IDR 56.6 trillion. The decline in EBITDA was primarily due to personnel expenses, which increased by 12.7% year-on-year, but normalized EBITDA stood at IDR 57.8 trillion, a 2.1% decline. Additionally, the company reported a net debt-to-EBITDA ratio of 0.6x, and Telkomsel's B2C business posted a 16.4% year-on-year revenue growth. The company is focusing on its 5 Bold Move strategy, including efforts to enhance digital connectivity and explore strategic partnerships for data center business, aiming to conclude these initiatives by early 2025.

Positive Revenue Growth

Telkom Group delivered a revenue growth of 0.9% year-on-year to RP 112.2 trillion for the past 9 months of 2024.

Fixed Broadband Growth

Fixed broadband business showed a 200.6% year-on-year increase, driven by the integration of IndiHome to Telkomsel and an expansion strategy targeting broader segments.

Mitratel Revenue Growth

Mitratel reported a solid revenue contribution of IDR 6.82 trillion, marking an 8.7% year-on-year growth.

Efficient Market Segmentation

Improvement in CapEx purchases for devices and networks due to group procurement initiatives, serving broader market segmentation effectively.

MX:TLKN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 29, 2026	2026 (Q3)	6.05 / -	5.314	―
Jul 31, 2026	2026 (Q2)	5.86 / 6.40	5.856	9.26% (+0.54)
May 29, 2026	2026 (Q1)	- / -	6.416	―
May 11, 2026	2025 (Q4)	6.18 / 4.48	6.416	-30.14% (-1.93)
Oct 30, 2025	2025 (Q3)	6.07 / 5.31	6.723	-20.97% (-1.41)
Jul 31, 2025	2025 (Q2)	6.09 / 5.86	6.579	-10.99% (-0.72)
Apr 30, 2025	2025 (Q1)	- / -	6.958	―
Apr 17, 2025	2024 (Q4)	6.16 / 6.42	6.958	-7.79% (-0.54)
Oct 31, 2024	2024 (Q3)	7.39 / 6.72	7.952	-15.45% (-1.23)
Jul 30, 2024	2024 (Q2)	7.16 / 6.58	7.41	-11.22% (-0.83)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed