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Friday 6 November 2026 Export TLK’s income statement to Excel — free account

PT Telekomunikasi Indonesia, Tbk

TLK Communication Services Telecom Services

PT Telekomunikasi Indonesia, Tbk’s revenue for fiscal 2025 (year ended December 2025) was $8.8 billion, down 5.56% from fiscal 2024.

Revenue
−8.61%
EPS
+5,809.1%
Free cash flow
−24.1%
Total debt
+0.35%

Quarter to September 2026, against a year earlier

10.99 0.24 +2.23%
Market cap
$10.8B
P/E
8.0×
Fwd P/E
—
Dividend yield
11.1%
F-score
5/9
Altman Z
2.96
Beneish M
−3.22
Dividend safety
30/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.50%

Capital & Financial Ratios $m

Size
Market Cap 10,780.00
Revenue ttm 13,408.56
Net income ttm 8,912.70
Free cash flow ttm 3,748.62
Net debt Q 733.32
Valuation
P/E 8.02
Forward P/E —
Price / sales 0.81
Forward P/S Powerpack
Price / FCF 2.90
Price / book 1.29
Financial health
Current ratio Q 0.81 (below 1: weak)
Debt / equity Q 0.34 (at or below 0.5: strong)
Interest coverage Q 8.75
Growth
Revenue growth Q −8.61% (below 0%: shrinking)
Operating income growth Q −33.05% (below 0%: shrinking)
EPS, this year +11.14%
EPS, next year A +7.75%
Revenue, next year A —
EPS, past 5 yrs −5.59% (below 0%: weak)
EPS, next 5 yrs A +8.32%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 2.6×; over the ten years it ranged from 0.9× in 2026 to 3.2× in 2022.
P/E against its own 10 years 0.18%
10-year low 10-year high
P/S against its own 10 years 0.18%
10-year low 10-year high
P/B against its own 10 years 0.22%
10-year low 10-year high
EV/Sales against its own 10 years 0.18%
10-year low 10-year high
EV/FCF against its own 10 years 0.18%
10-year low 10-year high

Dividends

Yield
11.1%
Annual rate
1.22
Payout ratio
89.2%
  1. 0.00 ’17
  2. 0.97 ’18
  3. 0.00 ’19 −100
  4. 1.05 ’20
  5. 1.00 ’22 −4
  6. 1.11 ’23 +11
  7. 1.10 ’24 −1
  8. 1.29 ’25 +17
  9. 1.22 ’26 −5
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,992 2,186 2,137 2,161
Receivables 711 797 684 734
Inventory 65 68 54 43
Other 720 691 665 718
3,613 3,919 3,704 3,656
2023 2024 2025 Q'26
Payables 1,237 981 1,009 35
ST’ Debt 719 986 1,064 1,301
Other 754 810 696 568
4,639 4,767 4,454 4,515

Compound Annual Growth %

10y 5y 3y
Sales (1.51%) (1.96%) (2.39%)
Cash Flow (1.31%) (3.82%) (6.71%)
Earnings (3.82%) (6.88%) (7.65%)
Book Value (0.40%) 0.91% (2.13%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.53 Actual 0.36

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Jun 2026 0.53 0.36 Miss by 0.17
Sep 2026 0.65 — Reports 29 October 2026

EPS $

Mar Jun Sep Dec Year
’26 0.26 — — — —
’25 0.36 — — — 1.08
’24 0.37 — 0.38 — 1.50
’23 0.45 0.00 0.00 — 1.63
’22 0.43 0.00 0.00 0.00 1.47
’21 0.43 0.00 0.00 0.00 1.75
’20 0.41 0.00 0.00 0.00 1.44
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,231 — — — —
’25 2,198 — — — 8,799
’24 2,246 — 6,733 — 9,317
’23 2,526 2,480 2,442 — 9,690
’22 2,465 2,456 2,419 2,481 9,462
’21 2,376 2,444 2,555 2,615 10,048
’20 2,394 2,260 2,214 2,599 9,712
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,037 1,054 789 — —
’25 1,007 948 2,976 — 3,827
’24 950 831 2,757 — 3,827
’23 866 878 2,994 — 3,934
’22 1,303 1,091 1,044 1,452 4,713
’21 1,220 1,076 1,250 1,223 4,797
’20 1,232 1,146 889 1,272 4,649
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 737 676 460 — —
’25 656 605 1,876 — 2,287
’24 574 426 1,527 — 2,029
’23 270 381 1,298 — 1,575
’22 718 461 (679) 1,452 2,289
’21 770 519 (267) 1,223 2,551
’20 900 434 (329) 1,272 2,392
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 8,635 9,453 9,095 9,765 9,712 10,048 9,462 9,690 9,317 8,799 13,409 +0.2% — — — —
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 2,833 3,144 2,510 2,759 2,786 3,070 2,340 2,652 2,432 1,829 3,456 (4.7%)
EBT margin, % 32.81 33.26 27.60 28.25 28.69 30.55 24.73 27.37 26.10 20.79 25.77 (12.0) pt
Net income — — — — — — — — — — 8,913 —
Per share, $
Per share, $ Revenue 8.75 9.56 9.18 9.86 9.80 10.14 9.55 9.78 9.41 8.88 13.55 +0.2%
Earnings 1.45 1.68 1.25 1.32 1.44 1.75 1.47 1.63 1.50 1.08 1.37 (3.3%)
Cash flow 3.55 3.68 3.21 4.29 4.69 4.84 4.76 3.97 3.86 3.86 0.00 +0.9%
Capex (2.04) (2.34) (2.38) (2.60) (2.28) (2.27) (2.45) (2.38) (1.81) (1.55) 0.00 (3.0%)
Free cash flow 1.51 1.34 0.83 1.68 2.41 2.58 2.31 1.59 2.05 2.31 0.00 +4.8%
Book value 7.92 8.34 8.21 8.52 8.66 10.28 9.67 10.24 10.17 9.06 0.00 +1.5%
Shares, m 986 988 990 991 991 991 991 991 991 991 990 0.0%
Valuation, ×
Valuation, × P/E 18.95 15.41 12.47 32.93 55.95 65.41 55.49 56.15 21.68 18.89 8.02 35.3
P/S 2.68 2.87 2.21 2.72 2.46 2.87 2.46 2.58 1.17 1.53 0.81 2.4
P/B 2.84 2.86 2.16 3.94 3.19 3.36 2.90 2.45 1.76 2.24 1.29 2.8
EV/Sales 2.64 2.87 2.23 2.95 2.79 3.09 2.66 2.66 1.22 1.59 0.87 2.5
EV/FCF 13.00 13.69 11.49 41.76 39.18 31.62 59.94 15.74 4.44 4.63 3.10 23.5
Cash, $m
Cash, $m Operating cash flow 3,506 3,642 3,176 4,247 4,649 4,797 4,713 3,934 3,827 3,827 5,857 +1.0%
Capex (2,014) (2,316) (2,358) (2,580) (2,257) (2,246) (2,424) (2,359) (1,798) (1,540) (2,108) (2.9%)
Free cash flow 1,492 1,326 818 1,667 2,392 2,551 2,289 1,575 2,029 2,287 3,749 +4.9%
Balance, $m
Balance, $m Working capital 590 162 (244) (1,473) (1,563) (520) (975) (1,026) (848) (750) (859) n/m
Net debt 42 603 1,761 3,188 2,374 1,396 712 531 385 492 733 +31.5%
Shareholders’ equity 7,814 8,242 8,135 8,443 8,578 10,188 9,575 10,147 10,075 8,977 8,428 +1.6%
Returns, %
Returns, % ROA 9.59 11.68 8.56 8.79 8.70 9.47 7.19 8.75 7.89 5.86 0.00 (3.7) pt
ROIC 23.14 22.87 16.93 17.03 17.85 18.04 15.51 16.90 15.96 13.47 0.00 (9.7) pt
ROE 16.73 20.32 15.12 16.58 17.60 18.61 13.48 16.08 14.51 11.01 0.00 (5.7) pt
People
People Employees 23,876 24,065 24,071 24,272 25,348 23,756 23,793 23,064 21,673 21,151 — (1.3%)
Revenue/emp, $m 0.36 0.39 0.38 0.40 0.38 0.42 0.40 0.42 0.43 0.42 — +1.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Mar 2026 · fundamentals updated 3 Nov 2026

PT Telekomunikasi Indonesia, Tbk vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CHTR Charter Communications, Inc. $22.2B 3.2× 2.8× −1.74% (below 0%: shrinking) +14.35% (above 0%: growing) +45.18% (above 0%: growing) 39.27% 22.65% Compare
VIV Telefonica Brasil S.A. $18.1B 29.4× 13.0× +20.64% (above 0%: growing) +33.01% (above 0%: growing) +3.07% (above 0%: growing) 45.54% 16.48% Compare
TIGO Millicom International Cellular SA $13.3B 19.9× 23.4× +59.40% (above 0%: growing) −83.95% (below 0%: shrinking) +66.11% (above 0%: growing) 75.26% 21.20% Compare
SKM SK Telecom Co., Ltd. $11.2B 23.6× — +0.47% (above 0%: growing) +406.25% (above 0%: growing) −29.63% (below 0%: shrinking) 89.10% 12.99% Compare
GSAT Globalstar, Inc. $10.8B — (loss-making) — (loss-making) −3.98% (below 0%: shrinking) n/m −42.79% (below 0%: shrinking) 0.00% 10.73% Compare
TLK PT Telekomunikasi Indonesia, Tbk $10.8B 8.0× — −8.61% (below 0%: shrinking) +5,809.09% (above 0%: growing) −24.07% (below 0%: shrinking) 100.00% 24.01%
KT KT Corporation $8.7B 9.9× — −10.06% (below 0%: shrinking) −39.60% (below 0%: shrinking) −46.85% (below 0%: shrinking) 9.71% 9.71% Compare
TIMB TIM S.A. Sponsored ADR $8.7B 10.7× 13.0× +18.33% (above 0%: growing) +14.29% (above 0%: growing) +17.75% (above 0%: growing) 55.35% 24.42% Compare
LBTYB Liberty Global Ltd $7.1B — (loss-making) — −7.65% (below 0%: shrinking) n/m +429.69% (above 0%: growing) 50.62% 0.26% Compare
Median of peers $11.0B 15.3× 13.0× −0.63% +14.32% +10.41% 48.08% 14.73%

All 55 Telecom Services stocks →

PT Telekomunikasi Indonesia, Tbk (TLK) Latest News

9 May

Impact 4 · · PR Newswire

27 Apr

Impact 4 · · GlobeNewswire

9 Mar

Impact 3 · · PR Newswire

11 Feb

Impact 3 · · MT Newswires

9 Feb

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

4 Feb

Impact 3 · · MT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT NewswiresMT Newswires

3 Feb

Impact 3 · · Zacks

22 Jan

Impact 3 · · MT Newswires

21 Jan

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14 Jan

Impact 3 ·

23 Dec

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10 Dec

Impact 3 ·

8 Dec

Impact 4 · · Simply Wall St.

2 Dec

Impact 3 · · MT Newswires

1 Dec

Impact 4 ·
Impact 3 · · MT NewswiresMT NewswiresMT NewswiresMT Newswires

19 Nov

Impact 3 · · MT Newswires

5 Nov

Impact 3 · · MT Newswires

24 Oct

Impact 3 · · MT Newswires

23 Oct

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20 Oct

Impact 4 · · ReutersdecryptCoinDeskReuters

13 Oct

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2 Oct

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30 Sep

Impact 3 · · MT NewswiresMT NewswiresBloombergBenzinga

15 Aug

Impact 3 · · MT Newswires

7 Aug

Impact 3 · · MT Newswires

22 Jul

Impact 4 · · PR Newswire

25 Jun

Impact 3 ·

30 Apr

Impact 3 · · Associated Press Finance

23 Mar

Impact 3 ·

TLK metrics, ten years each

stockrow.com/TLK · Data as of Nov 3, 2026 · For information only; not investment advice. · © 2026 stockrow.com