Jakarta, INTI - PT XLSMART Telecom Sejahtera Tbk reported strong business performance growth and accelerated post-merger integration throughout 2025.
The achievement was presented during the company’s 2025 Annual General Meeting of Shareholders (AGMS), held in Jakarta on Wednesday, May 20, 2026.
During the meeting, shareholders approved the company’s annual report, ratified the 2025 financial statements, appointed an external auditor for the 2026 fiscal year, and determined the remuneration for the board of directors and board of commissioners.
XLSMART President Director and CEO, Rajeev Sethi, stated that 2025 marked a crucial phase in the company’s transformation journey following the merger between XL Axiata and Smartfren.
“2025 was an important period for XLSMART as we laid the foundation for our post-merger transformation. The support from shareholders through this AGMS motivates us to continue delivering better services,” Rajeev said.
Throughout 2025, the company recorded revenue of Rp42.49 trillion, representing a 23 percent increase compared to the previous year. Normalized EBITDA reached Rp20.14 trillion, while normalized net profit stood at Rp3 trillion, up 63 percent year-on-year.
Network Integration and 5G Expansion Drive Future Growth
The company also achieved post-merger synergies worth USD252 million from the second to the fourth quarter of 2025. By the end of last year, approximately 70 percent of its network sites had been integrated.
“This integration serves as a key foundation for improving network quality, enhancing customers’ digital service experience, and strengthening the company’s long-term competitiveness,” he added.
In addition to strengthening network integration, XLSMART continued expanding its 5G services across several cities in Indonesia. The company stated that the initiative is part of its strategy to broaden digital connectivity while improving customer experience amid the growing demand for data services nationwide.
Conclusion
XLSMART’s strong financial performance and accelerated network integration throughout 2025 reflect the company’s commitment to strengthening its post-merger transformation strategy. Through expanded 5G deployment, improved network quality, and enhanced digital services, the company aims to reinforce its competitiveness and support Indonesia’s growing demand for digital connectivity.
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