PT Indosat Tbk (PTITF) Q3 2026 Earnings Report
PTITF Q3 2026 EPS Results
- Actual EPS
- $0.00
- Consensus EPS
- $0.00
- Beat/Miss
- Missed by -$0.00
- One Year Ago EPS
- $0.00
PTITF Q3 2026 Revenue Results
- Actual Revenue
- $831.24M
- Expected Revenue
- $853.76M
- Beat/Miss
- Missed by -$22.52M
- YoY Revenue Growth
- +7.44%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/28/2026
- Time
- TBA
- Conference Call
- Wednesday, October 28, 2026
PT Indosat Tbk's next earnings date is estimated for February 15, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive. Management reported double-digit nine-month revenue and normalized profit growth, improving ARPU and customer engagement, strong home broadband growth, a substantial 5G rollout and significant AI Cloud and Intelligence Suite opportunities. These positives were partly offset by quarterly revenue, EBITDA and net profit declines, short-term subscriber pressure from biometric registration, higher operating costs, materially higher CapEx and increased quarter-on-quarter net debt. Management nevertheless maintained its full-year guidance and described September and October trends as positive.
Management said it is on track to meet full-year guidance to grow revenue and EBITDA close to double-digit, with CapEx investment of around IDR 23 trillion, excluding the previously guided GPU CapEx spend; Indosat AI Cloud is on track for 2026 and set for scale in 2027 to deliver more than USD 3 million in recurring revenue, while Intelligence Suite is expected to start contributing revenue in 2027 and is targeting by 2028 a $100 million of run rate business with 70% EBITDA margin. ZanKore is targeting 200 megawatt of capacity to come online in first half of 2027 and 1 gigawatt by 2029, with Indosat looking at around 15 megawatt starting April 2027, and management said core cellular revenue grows to close to double-digit.
- Strong 9-Month Financial GrowthFor the 9 months of 2026, revenue increased 11% year-on-year, EBITDA increased 9% year-on-year, and normalized net profit increased 11% year-on-year. Management said the company remains on track to meet its full-year guidance.
- Cellular Revenue and ARPU ImprovementFirst-nine-month revenue rose 11.1% year-on-year to IDR 45.8 billion, primarily driven by cellular revenue. ARPU increased from IDR 39,000 last year to IDR 46,000 this year, with management attributing the improvement to its AI-led growth strategy and enhanced network experience.
- Healthy Underlying Customer EngagementARPU grew 16.5% year-on-year to IDR 46,000, while data traffic continued to grow by up to 16%. Management said these trends demonstrate healthy spending behavior and robust underlying customer engagement.
- Home Broadband GrowthHome broadband customers grew 21% year-on-year, providing an additional growth vector beyond the mobile business.
- AI Cloud Revenue ProgressIndosat delivered USD 50 million in Indosat AI Cloud revenue during the first nine months of 2026. Management said the AI Cloud business is on track for its 2026 aspiration and is expected to scale in 2027, delivering more than USD 3 million in recurring contracted revenue.
- Expansion of the Integrated AI EcosystemThe company is building an end-to-end AI ecosystem covering connectivity, energy, data centers, compute, models and applications. RAIA Grid provides an 86,000-kilometer terrestrial and undersea cable backbone; data center capacity is being developed with BDx Indonesia and NexAI; and ZanKore is targeting 1 gigawatt of NVIDIA-powered AI compute capacity by 2029.
- ZanKore Compute Capacity and DemandZanKore is targeting 200 megawatts of capacity to come online in the first half of 2027 and scale to 1 gigawatt by 2029. Management reported very strong demand from regional and global players, as well as increasing demand for sovereign workloads in Indonesia. Funding has been secured for the first 100 megawatts, with remaining funding expected to close in the coming weeks.
- Indosat Intelligence Suite OpportunityThe Intelligence Suite brings together more than 300 AI models through a token platform and is expected to begin contributing revenue in 2027. Management is targeting USD 100 million of revenue by 2028 with a 70% EBITDA margin, describing the opportunity as a scalable enterprise revenue stream.
- 5G Network RolloutThe 5G network is live in 75 cities with almost 19,500 sites, covering 22% of the population. Management said the rollout is enabling the company to attract high-value customers and drive ARPU growth in coming quarters.
- 5G Home Broadband Use CaseManagement said the 5G network provides fiber-like speeds in 75 cities and can serve households in fiber-dark areas, as well as customers seeking a premium home broadband experience.
- Underlying EBITDA and ProfitabilityAfter adjusting for additional spectrum costs, higher FiberCo OpEx and approximately IDR 230 billion of other one-off items, underlying nine-month EBITDA was IDR 21.6 trillion, up 12% year-on-year. The underlying EBITDA margin was 47.2%, up 0.2 percentage points year-on-year. Underlying nine-month net profit was IDR 4.5 trillion, IDR 1 trillion higher than last year.
- Balance Sheet StrengtheningNet debt declined 19.2% year-on-year to IDR 10.3 trillion, helped by IDR 11.7 trillion of proceeds from the FiberCo monetization transaction. The net debt-to-EBITDA ratio improved year-on-year by approximately 0.13x to 0.36x, and management said the balance sheet and cash flow generation remained healthy.
- Cost Control in General and Administrative ExpensesGeneral and administrative expenses decreased 5% year-on-year and 9% quarter-on-quarter, which management said underscored continued efforts to control spending in this area.
- AI Token Economics and Enterprise FocusManagement said GPU rental prices have increased by 20% to 40%, with major GPU prices rising by at least 30%. The company is focusing on selling tokens directly to enterprise customers, where management cited pricing of approximately USD 15 to USD 20 per hour, compared with USD 6 to USD 7 per hour for GPU-as-a-service and up to USD 30 per hour when converted into an application.
- Data Center Execution on TrackManagement said the NexAI and BDx data centers are on track, with the relevant clusters trending on time for service readiness.
- Core Revenue Recovery OutlookManagement said September and October trends were positive as the company cycled out of the low customer-acquisition impact from July and August. It expressed confidence that core cellular revenue would grow close to double-digit, with that trend visible in the last few weeks.
PTITF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 15, 2027 | 2026 (Q4) | 0.00- | 0 | ― | ― |
| Oct 28, 2026 | 2026 (Q3) | 0.000.00 | 0 | -48.42% (-0.00) | |
| Jul 28, 2026 | 2026 (Q2) | 0.000.00 | 0 | 55.17% (+0.00) | |
| Apr 29, 2026 | 2026 (Q1) | 0.000.00 | 0 | 17.80% (+0.00) | |
| Feb 09, 2026 | 2025 (Q4) | 0.000.00 | 0 | 55.79% (+0.00) | |
| Oct 29, 2025 | 2025 (Q3) | 0.000.00 | 0 | -11.74% (-0.00) | |
| Jul 30, 2025 | 2025 (Q2) | 0.000.00 | 0 | -4.97% (-0.00) | |
| Apr 30, 2025 | 2025 (Q1) | ―0.00 | 0 | -4.81% (-0.00) | |
| Feb 10, 2025 | 2024 (Q4) | 0.000.00 | 0 | -20.28% (-0.00) | |
| Oct 30, 2024 | 2024 (Q3) | 0.000.00 | 0 | 44.56% (+0.00) |
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.
