Business Context and Reporting Period
Company: Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom) and its subsidiaries (TelkomGroup).
Reporting Period: January 1, 2025 – December 31, 2025.
Filing Date: May 12, 2026 (Form 6-K).
Context: Telkom is Indonesia's largest telecommunications company and a State-Owned Enterprise (SOE). The 2025 reporting period marked a strategic transformation into a holding company focused on long-term value creation. Key milestones included the launch of the "Climate Transition Plan" targeting net-zero emissions by 2060 and the establishment of a Legal & Compliance Directorate. The report covers 13 directly owned subsidiaries and aligns with GRI 2021, SASB, and IFRS S1/S2 standards.
Key Financial and Operational Metrics
| Metric | 2025 Value | Notes |
|---|---|---|
| Operating Income | IDR 146,742 billion | Consolidated |
| Net Profit | IDR 17,814 billion | Consolidated |
| Net Income Margin | 12.1% | |
| Total Assets | IDR 287,759 billion | As of Dec 31, 2025 |
| Total Liabilities | IDR 137,222 billion | As of Dec 31, 2025 |
| Total Equity | IDR 150,537 billion | As of Dec 31, 2025 |
| Local Procurement | IDR 19.5 trillion | 56.9% of total procurement |
| CSR Investment | IDR 169.3 billion | 99% of planned allocation |
| Total GHG Emissions | 4,153,661.3 tCO2e | Market-based (Scope 1, 2, & 3) |
| Employee Count | 21,151 | Total TelkomGroup employees |
Material Changes vs. Prior Period
- Emissions Reporting Scope Expansion: Total GHG emissions increased significantly compared to 2024 (from ~2.47M to ~4.15M tCO2e). This is primarily due to the expansion of Scope 3 calculation to include categories 4, 7, 9, and 12, rather than an operational increase in pollution. Scope 1 emissions decreased by 45% compared to the 2023 base year.
- Restatements: Historical data for 2023 and 2024 regarding waste, water, emissions, and employee recruitment were restated due to methodology adjustments and expanded reporting entity scope. For example, 2024 employee turnover data was previously overreported by 35%.
- Operational Disruptions: Network disruptions increased in 2025 due to two major events: a mass disruption in Papua related to submarine cables and severe flooding in Sumatra that damaged 18 buildings and network assets. Recovery costs and asset write-offs were incurred, though comprehensive insurance coverage mitigated financial impact.
- Leadership Changes: New leadership was appointed to the Board of Commissioners and Board of Directors in May and December 2025, including the first appointment of a Director of Legal & Compliance.
Guidance, Outlook, and Risks
Strategic Outlook
- Climate Transition Plan: Telkom has committed to a 20% reduction in Scope 1 and 2 emissions by 2030 (vs. 2023 base) and Net Zero by 2060. Initiatives include renewable energy adoption (solar PV at BTS sites), energy efficiency (iSave platform), and purchasing Renewable Energy Certificates (RECs).
- Digital Transformation: Focus on monetizing high-value infrastructure (data centers, towers) and shifting to a strategic holding model. The company aims to reach 32% female employees and 27% female managerial representation by 2030.
- Customer Experience: Achieved a Net Promoter Score (NPS) of 63 (Excellent category), an increase of 5 points from 2024.
Risks and Contingencies
- Climate Risks: Physical risks from extreme weather (flooding, temperature rise) threaten assets in Sumatra, Java, and Sulawesi. Transition risks include rising carbon prices and energy costs.
- Cybersecurity: While no critical data breaches occurred, the frequency of cyberattacks (Brute Force, DDoS) increased in 2025 due to enhanced detection sensors. The company maintains a 24/7 Cybersecurity Operation Center (CSOC).
- Integrity Risks: Two confirmed corruption cases were identified at the subsidiary level (Mitratel) in 2025. Corrective measures included termination of employment and legal action. No confirmed cases were found at the parent company level.
- Regulatory Compliance: The company maintains 100% compliance with applicable regulations, with no major proven violations.
Investor Verification Checklist
- Emissions Baseline: Verify the impact of the expanded Scope 3 reporting on year-over-year emission comparisons; the reported increase is largely methodological.
- Climate Resilience Costs: Review the financial impact of the Sumatra flood recovery, including asset write-offs and insurance claims, in the detailed financial statements.
- Corruption Remediation: Assess the effectiveness of the corrective actions taken regarding the corruption cases at Mitratel and the robustness of the updated Anti-Bribery Management System (SMAP).
- Renewable Energy Progress: Monitor the actual deployment of solar PV at Base Transceiver Stations (BTS) and the utilization of Renewable Energy Certificates (RECs) to validate the decarbonization roadmap.
- Restated Data: Cross-reference restated 2023-2024 data (waste, water, turnover) to ensure accurate trend analysis for future performance evaluation.