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 May 27, 2025. The meeting addressed the financial performance and governance matters for the fiscal year ended December 31, 2024, and set the strategic direction for 2025.
Key Financial Metrics and Resolutions
- Net Profit (FY 2024): The consolidated net profit attributable to owners of the parent entity was Rp23,648,767,816,604.
- Dividend Payout: Shareholders approved a cash dividend payout ratio of 89%, totaling Rp21,047,403,356,777.60 (approximately Rp212.47 per share).
- Retained Earnings: The remaining 11% (Rp2,601,364,459,826.40) was allocated to retained earnings to finance business development.
- Share Buyback: The AGMS approved a share buyback plan with a maximum budget of Rp3,000,000,000,000 (including costs).
- Audit Opinion: The consolidated financial statements for FY 2024 received an unqualified opinion from KAP Purwantono, Sungkoro & Surja (Ernst & Young Global Limited).
Material Changes and Management Restructuring
The most significant material change reported is a comprehensive overhaul of the Company's leadership structure, effective immediately following the AGMS:
- Board of Directors: The entire previous Board of Directors, including President Director Ririek Adriansyah, was honorably dismissed. A new Board was appointed, led by new President Director Dian Siswarini and Vice President Director Muhammad Awaluddin.
- Board of Commissioners: Three Commissioners (including President Commissioner Bambang Permadi Soemantri Brodjonegoro) were dismissed. A new Board of Commissioners was appointed, led by new President Commissioner Angga Raka Prabowo.
- Role Realignments: Several director positions were renamed (e.g., "Director of Network & IT Solution" to "Director of Network"), and Honesti Basyir was reassigned from Group Business Development to Wholesale & International Service.
Guidance, Outlook, and Dividend Schedule
While specific revenue guidance for 2025 was not detailed in this summary, the allocation of 11% of net profit to retained earnings signals a commitment to funding future business development. The Company has established the following schedule for the 2024 dividend distribution:
- Record Date: June 12, 2025
- Ex-Dividend Date: June 11, 2025 (Regular/Negotiation Market)
- Payment Date: On or before July 2, 2025
The AGMS also reappointed KAP Purwantono, Sungkoro & Surja as the independent auditor for the 2025 fiscal year.
Investor Verification Checklist
- Verify the dividend payment date (July 2, 2025) and ensure shares are held by the record date (June 12, 2025) to receive the Rp212.47 per share payout.
- Confirm the new leadership team's strategic priorities, particularly under President Director Dian Siswarini, given the complete turnover of the Board of Directors.
- Monitor the execution of the Rp3 trillion share buyback plan and its potential impact on share price and liquidity.
- Review the full 2024 Annual Report for detailed segment performance and risk factors, as this filing only summarizes the AGMS resolutions.
- Check tax implications for overseas shareholders, as withholding rates may vary based on Double Taxation Avoidance Agreements (P3B).