Jakarta, INTI - PT XLSmart Telecom Sejahtera (EXCL) is entering 2026 amid a complex set of dynamics. The company’s net profit remains affected by integration expenses and accelerated depreciation. Nevertheless, its operational performance shows positive signs, creating opportunities to strengthen its position over the medium term.
In 2025, EXCL recorded EBITDA of Rp 17.8 trillion, reflecting a 1% year-on-year (YoY) decline. However, on a normalized basis, EBITDA reached Rp 20 trillion, marking a 13% YoY increase.
Integration Costs Weigh on Profitability
EXCL’s management explained that rising integration and marketing expenses were the primary factors putting pressure on EBITDA during the period. Despite these challenges, the company remains focused on improving efficiency and streamlining operations. Moving forward, EXCL aims to optimize its cost structure and enhance operational performance to support more sustainable growth.
Conclusion
Although integration and depreciation costs continue to affect short-term profitability, EXCL’s normalized EBITDA growth highlights underlying operational resilience. With a strategic focus on efficiency and long-term optimization, the company is positioning itself to capture future growth opportunities while navigating transitional financial pressures.
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