Jakarta, Gizmologi โ PT XLSMART Telecom Sejahtera announced its post-merger performance in the second quarter of 2025. The company's report recorded positive performance with total revenue of IDR 10,50 trillion, a 22% increase compared to the same period the previous year (YoY).
Normalized EBITDA (NEBITDA) reached IDR 4,97 trillion, with a normalized EBITDA margin of 47%, and normalized net profit (PAT) of IDR 313 billion. Data and digital services contributed over 91% to total revenue. Overall, XLSMART's revenue in the first half of 2025 reached IDR 19,10 trillion.
"The second quarter of 2025 marks a significant milestone for XLSMART. Two and a half months after the merger, we are facing both external and internal challenges. Externally, the industry remains highly competitive, while internally, we need to ensure robust operations to ensure optimal customer service," said Rajeev Sethi, President Director & CEO of XLSMART.
Rajeev added that XLSMART continues to focus on consolidation and integration across various sectors to ensure the company's performance remains on track. Several key achievements were realized in the second quarter post-merger, including increased business scale, ongoing network integration, and improved customer experience.
By the end of the second quarter of 2025, XLSMART's total subscriber base had grown to 82,6 million, with a blended ARPU remaining at around Rp36. This achievement in subscriber numbers and blended ARPU is the result of post-merger consolidation, which has now been completed.
XLSMART Continues Network Modernization to Expand Service Capacity
The company is currently undergoing network modernization to expand capacity and prepare for the use of the latest technologies. With a broader network, greater capacity, and a multi-brand strategy, the company is poised to strengthen its position as a driving force in Indonesia's digital transformation.
"We are grateful to have been able to maintain revenue growth, achieve profitability, and provide inclusive, innovative, and value-added services to all our customers," said Rajeev.
In terms of operational costs, there was an increase in expenses as a result of the merger. Sales and marketing expenses were successfully reduced and optimized compared to the same period last year, in line with the implementation of a digitalization strategy.
Meanwhile, several other cost components experienced year-on-year increases, such as infrastructure costs, interconnection costs, and other direct expenses, including regulatory costs. Overall, operating expenses increased in the second quarter due to costs directly related to the merger into a new entity. XLSMART.
The second quarter of 2025 post-merger also provides momentum to accelerate digital adoption in customer interactions for the provision and purchase of XL, AXIS, and Smartfren services. These three applications continue to show significant user growth. All three applications have delivered very strong results in the second quarter. More than 41,4 million active customers are recorded using MyXL, AXISNet, and mySmartfren, with Monthly Active User (MAU) growth reaching 29% compared to last year.
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