Telkom Indonesia Financials

TLK

FY2025 annual

Revenue Not reported for FY2025

Net Income $1.4B -24.7% YoY

EPS (Diluted) Not reported for FY2025

Free Cash Flow $2.5B +11.1% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended May 15, 2026 Reported May 15, 2026 Currency USD FYE May

This page shows Telkom Indonesia (TLK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TLK FY2025 2026-08-29

Cash generation remains the operating engine, while falling returns and rising leverage indicate a gradually less conservative balance sheet.

Operating cash flow held at $3.8B in FY2025 even as net income fell to $1.4B from $1.9B in FY2024, showing that reported earnings weakened more than the underlying cash collection. Free cash flow nevertheless reached $2.5B because capital spending declined to $1.4B, so the improvement came mainly from lighter reinvestment rather than stronger profit.

Returns have softened across the recent cycle: return on assets declined from 11.2% in FY2023 to 8.4% in FY2025, while return on equity fell from 20.5% to 16.0%. The pattern suggests the balance sheet is producing less profit per unit of capital, even though total assets remained near $17B.

Liquidity is structurally tight on a current-accounting basis: the current ratio was 0.8x in FY2025, meaning current assets did not fully match current liabilities. At the same time, debt-to-equity rose from 0.095x in FY2023 to 0.124x in FY2025, indicating that financing has become incrementally more leveraged while dividends paid reached $1.3B.

Financial Health Signals

Financial health score not available

Telkom Indonesia does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

Telkom Indonesia passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

2.66x

For every $1 of reported earnings, Telkom Indonesia generates $2.66 in operating cash flow ($3.8B OCF vs $1.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Net Income

$1.4B

YoY-24.7%

5Y CAGR-7.5%

Telkom Indonesia reported $1.4B in net income in fiscal year 2025. This represents a decrease of 24.7% from the prior year.

Revenue

Not reported for fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$2.5B

YoY+11.1%

5Y CAGR-0.8%

Telkom Indonesia generated $2.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 11.1% from the prior year.

Cash & Debt

$2.1B

YoY-2.6%

5Y CAGR+7.3%

Telkom Indonesia held $2.1B in cash against $1.1B in long-term debt as of fiscal year 2025.

Shares Outstanding

Telkom Indonesia had 1 shares outstanding in fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Return on Equity

16.0%

YoY-2.9pp

5Y CAGR-8.8pp

Telkom Indonesia's ROE was 16.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.9 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$1.4B

YoY-15.2%

5Y CAGR-8.1%

Telkom Indonesia invested $1.4B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.2% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

TLK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TLK quarterly income statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income Tax	$391.0M-25.2%	$523.0M-8.2%	$570.0M+2.0%	$559.0M-17.4%	$677.0M+2.7%	$659.0M-12.4%	$752.0M+15.3%	$652.0M-11.2%	$734.0M
Net Income	$1.4B-24.7%	$1.9B-8.3%	$2.1B+16.9%	$1.8B-25.6%	$2.4B+12.5%	$2.1B+6.0%	$2.0B+8.0%	$1.9B-22.9%	$2.4B

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).

TLK Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TLK quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$17.2B-7.4%	$18.6B-0.1%	$18.6B+5.4%	$17.7B-8.9%	$19.4B+10.7%	$17.5B+3.4%	$16.9B+18.3%	$14.3B-2.0%	$14.6B
Current Assets	$3.7B-5.5%	$3.9B+8.5%	$3.6B+2.2%	$3.5B-17.8%	$4.3B+29.8%	$3.3B+12.4%	$2.9B-1.0%	$3.0B-15.1%	$3.5B
Cash & Equivalents	$2.1B-2.6%	$2.1B+16.9%	$1.8B-13.2%	$2.1B-15.7%	$2.5B+70.3%	$1.4B+11.3%	$1.3B+3.3%	$1.3B-28.1%	$1.7B
Inventory	$54.0M-20.6%	$68.0M+4.6%	$65.0M-11.0%	$73.0M+32.7%	$55.0M-21.4%	$70.0M+66.7%	$42.0M-16.0%	$50.0M+6.4%	$47.0M
Accounts Receivable	$684.0M-14.2%	$797.0M+12.1%	$711.0M+24.5%	$571.0M-6.5%	$611.0M-25.7%	$822.0M+1.2%	$812.0M+17.7%	$690.0M-2.1%	$705.0M
Goodwill	$554.0M-5.6%	$587.0M+3.5%	$567.0M+6.4%	$533.0M+1.1%	$527.0M+8.2%	$487.0M+5.0%	$464.0M+32.6%	$350.0M+34.6%	$260.0M
Total Liabilities	$8.2B-3.2%	$8.5B+0.7%	$8.5B+4.8%	$8.1B-12.1%	$9.2B+3.0%	$8.9B+5.1%	$8.5B+37.3%	$6.2B-2.9%	$6.4B
Current Liabilities	$4.5B-6.6%	$4.8B+2.8%	$4.6B+2.8%	$4.5B-6.4%	$4.8B-1.1%	$4.9B+10.3%	$4.4B+37.2%	$3.2B-3.7%	$3.3B
Long-Term Debt	$1.1B-3.1%	$1.1B+19.1%	$964.0M+9.5%	$880.0M+21.0%	$727.0M+1.4%	$717.0M	N/A	N/A	N/A
Total Equity	$9.0B-10.9%	$10.1B-0.7%	$10.1B+6.0%	$9.6B-6.0%	$10.2B+18.8%	$8.6B+1.6%	$8.4B+3.8%	$8.1B-1.3%	$8.2B
Retained Earnings	$7.3B-12.2%	$8.3B+0.2%	$8.3B+6.4%	$7.8B-2.6%	$8.0B+18.5%	$6.8B+1.5%	$6.7B+4.9%	$6.4B+1.2%	$6.3B

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Total Assets	$18.6B-0.1%	$18.6B+5.4%	$17.7B-8.9%	$19.4B+10.7%	$17.5B+3.4%	$16.9B+18.3%	$14.3B-2.0%	$14.6B
Current Assets	$3.9B+8.5%	$3.6B+2.2%	$3.5B-17.8%	$4.3B+29.8%	$3.3B+12.4%	$2.9B-1.0%	$3.0B-15.1%	$3.5B
Cash & Equivalents	$2.1B+16.9%	$1.8B-13.2%	$2.1B-15.7%	$2.5B+70.3%	$1.4B+11.3%	$1.3B+3.3%	$1.3B-28.1%	$1.7B
Inventory	$68.0M+4.6%	$65.0M-11.0%	$73.0M+32.7%	$55.0M-21.4%	$70.0M+66.7%	$42.0M-16.0%	$50.0M+6.4%	$47.0M
Accounts Receivable	$797.0M+12.1%	$711.0M+24.5%	$571.0M-6.5%	$611.0M-25.7%	$822.0M+1.2%	$812.0M+17.7%	$690.0M-2.1%	$705.0M
Goodwill	$587.0M+3.5%	$567.0M+6.4%	$533.0M+1.1%	$527.0M+8.2%	$487.0M+5.0%	$464.0M+32.6%	$350.0M+34.6%	$260.0M
Total Liabilities	$8.5B+0.7%	$8.5B+4.8%	$8.1B-12.1%	$9.2B+3.0%	$8.9B+5.1%	$8.5B+37.3%	$6.2B-2.9%	$6.4B
Current Liabilities	$4.8B+2.8%	$4.6B+2.8%	$4.5B-6.4%	$4.8B-1.1%	$4.9B+10.3%	$4.4B+37.2%	$3.2B-3.7%	$3.3B
Long-Term Debt	$1.1B+19.1%	$964.0M+9.5%	$880.0M+21.0%	$727.0M+1.4%	$717.0M	N/A	N/A	N/A
Total Equity	$10.1B-0.7%	$10.1B+6.0%	$9.6B-6.0%	$10.2B+18.8%	$8.6B+1.6%	$8.4B+3.8%	$8.1B-1.3%	$8.2B
Retained Earnings	$8.3B+0.2%	$8.3B+6.4%	$7.8B-2.6%	$8.0B+18.5%	$6.8B+1.5%	$6.7B+4.9%	$6.4B+1.2%	$6.3B

TLK Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

TLK quarterly cash flow statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	$3.8B0.0%	$3.8B-2.7%	$3.9B-16.5%	$4.7B-1.8%	$4.8B+3.2%	$4.6B+9.5%	$4.2B+33.7%	$3.2B-12.8%	$3.6B
Capital Expenditures	$1.4B-15.2%	$1.6B-25.9%	$2.2B-3.0%	$2.2B+7.1%	$2.1B+0.3%	$2.1B-17.7%	$2.5B+15.9%	$2.2B-7.8%	$2.4B
Free Cash Flow	$2.5B+11.1%	$2.2B+26.2%	$1.8B-28.9%	$2.5B-8.7%	$2.7B+5.6%	$2.6B+50.0%	$1.7B+73.7%	$981.0M-22.3%	$1.3B
Investing Cash Flow	-$1.6B+14.5%	-$1.8B+23.7%	-$2.4B+4.6%	-$2.5B+5.5%	-$2.7B-6.4%	-$2.5B+3.3%	-$2.6B-6.0%	-$2.4B-0.2%	-$2.4B
Financing Cash Flow	-$2.3B-32.5%	-$1.7B+0.9%	-$1.7B+34.4%	-$2.6B-193.3%	-$897.0M+54.8%	-$2.0B-24.4%	-$1.6B-24.3%	-$1.3B+17.3%	-$1.6B
Dividends Paid	$1.3B+14.8%	$1.1B+1.9%	$1.1B+13.0%	$954.0M-18.3%	$1.2B+7.6%	$1.1B-7.1%	$1.2B+1.2%	$1.2B+34.8%	$857.0M

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18

Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

TLK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

TLK quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Return on Equity	16.0%-2.9pp	18.9%-1.6pp	20.5%+1.9pp	18.6%-4.9pp	23.5%-1.3pp	24.8%+1.0pp	23.8%+0.9pp	22.8%-6.4pp	29.2%
Return on Assets	8.3%-1.9pp	10.3%-0.9pp	11.2%+1.1pp	10.1%-2.3pp	12.3%+0.2pp	12.2%+0.3pp	11.8%-1.1pp	13.0%-3.5pp	16.5%
Current Ratio	0.830.0x	0.820.0x	0.780.0x	0.78-0.1x	0.89+0.2x	0.680.0x	0.67-0.3x	0.92-0.1x	1.05
Debt-to-Equity	0.120.0x	0.110.0x	0.100.0x	0.090.0x	0.070.0x	0.08-0.9x	1.01+0.2x	0.760.0x	0.77

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Current Ratio	0.820.0x	0.780.0x	0.78-0.1x	0.89+0.2x	0.680.0x	0.67-0.3x	0.92-0.1x	1.05
Debt-to-Equity	0.110.0x	0.100.0x	0.090.0x	0.070.0x	0.08-0.9x	1.01+0.2x	0.760.0x	0.77

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.

Note: The current ratio is below 1.0 (0.83), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Telkom Indonesia Ranks

Frequently Asked Questions

Is Telkom Indonesia profitable?

Yes, Telkom Indonesia (TLK) reported a net income of $1.4B in fiscal year 2025.

How much debt does Telkom Indonesia have?

As of fiscal year 2025, Telkom Indonesia (TLK) had $2.1B in cash and equivalents against $1.1B in long-term debt.

What is Telkom Indonesia's return on equity (ROE)?

Telkom Indonesia (TLK) has a return on equity of 16.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Telkom Indonesia's free cash flow?

Telkom Indonesia (TLK) generated $2.5B in free cash flow during fiscal year 2025. This represents a 11.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Telkom Indonesia's operating cash flow?

Telkom Indonesia (TLK) generated $3.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Telkom Indonesia's total assets?

Telkom Indonesia (TLK) had $17.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Telkom Indonesia's capital expenditures?

Telkom Indonesia (TLK) invested $1.4B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Telkom Indonesia have outstanding?

Telkom Indonesia (TLK) had 1 shares outstanding as of fiscal year 2025.

What is Telkom Indonesia's current ratio?

Telkom Indonesia (TLK) had a current ratio of 0.83 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Telkom Indonesia's debt-to-equity ratio?

Telkom Indonesia (TLK) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Telkom Indonesia's return on assets (ROA)?

Telkom Indonesia (TLK) had a return on assets of 8.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Telkom Indonesia's Piotroski F-Score?

Telkom Indonesia (TLK) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Telkom Indonesia's earnings high quality?

Telkom Indonesia (TLK) has an earnings quality ratio of 2.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.