Business Context and Reporting Period
This Form 6-K filing by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom Indonesia) summarizes the minutes of the Annual General Meeting of Shareholders (AGMS) held on June 8, 2026. The meeting addressed resolutions for the financial year ended December 31, 2025, and approved strategic plans for the 2026–2030 period.
Key Financial Metrics and Resolutions
- Net Profit (FY 2025): Rp17,813,685,976,263.
- Total Cash Dividend Distribution: Rp21,999,902,180,685 (comprising net profit plus Rp4,186,216,204,422 from retained earnings).
- Dividend Payout Ratio: 123.5%.
- Share Buyback Authorization: Up to Rp4,000,000,000,000 (four trillion Rupiah).
- Dividend Payment Date: On or before July 10, 2026.
- Financial Statement Audit: Consolidated financial statements for FY 2025 received an unqualified opinion from KAP Purwanto, Susanti & Surja (Ernst & Young Global Limited).
Material Changes and Governance Actions
- Management Changes: The AGMS confirmed the honorable dismissal of Commissioner Rionald Silaban and the dismissal of Commissioner Silmy Karim. New appointments include Edwin Hidayat Abdullah (Commissioner) and Anthony Leong (Independent Commissioner).
- Articles of Association Amendment: Approved reclassification of 516,023,535 Series B Shares owned by the Republic of Indonesia into Series A Dwiwarna Shares and updated business activity classifications to KBLI 2025.
- Accounting Policy Change: Noted a change in accounting policy regarding the recording of dropcore assets for FY 2025.
- Restatement: Ratified the restatement of consolidated financial statements for the years ending December 31, 2023, and December 31, 2024.
Risks, Contingencies, and Management Commentary
- Regulatory Investigations: The filing discloses ongoing investigations by the U.S. Securities and Exchange Commission (SEC), the U.S. Department of Justice (DOJ), and Indonesian authorities. These investigations concern revenue recognition, financial reporting practices, and internal controls.
- Specific Transaction Concerns: Approximately USD 324 million in transactions are under investigation for lacking economic substance.
- Accountability Clause: The AGMS resolution states that Board members serving during the period of the investigated transactions remain accountable if intentional misconduct or negligence regarding revenue recognition or dropcore asset recording is proven.
- Future Planning: Authority was delegated to the Board of Commissioners to approve the Long-Term Plan (RJPP) for 2026–2030 and the Work Plan and Budget (RKAP) for 2027.
Investor Verification Checklist
- Verify the status and potential financial impact of the SEC, DOJ, and Indonesian investigations into USD 324 million in transactions.
- Review the details of the restated financial statements for 2023 and 2024 to understand the magnitude of prior period adjustments.
- Confirm the implementation timeline and execution of the authorized Rp4 trillion share buyback program.
- Monitor the appointment and integration of new Board of Commissioners members following the AGMS changes.
- Check the specific terms of the dividend payment for ADS holders and overseas taxpayers regarding tax withholding rates.