Telkom Indonesia Financials

TLK

Source SEC Filings (10-K/10-Q) Updated 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 2026-05-15

Stable operating cash flow and lighter reinvestment needs let free cash generation hold up even as reported profitability and returns softened.

FY2025 profit looked weaker, but cash conversion improved: operating cash flow stayed near $3.8B even as net income fell to $1.4B. Because capex eased to $1.4B, free cash flow rose to $2.5B, pointing to lower reinvestment pressure rather than a deterioration in how the asset base turns into cash.

Leverage stayed modest: debt to equity was 0.12x in FY2025, and cash of $2.1B still exceeded long-term debt. But working capital runs tight, with the current ratio below 1.0x for five straight years, so short-term obligations are consistently larger than current assets and need active cash management.

Returns are easing without a leverage boost: ROE slipped to 16.0% in FY2025 and ROA to 8.4%, even though liabilities edged down rather than up. That matters because weaker shareholder returns are coming from lower profit efficiency on a smaller asset base, not from balance-sheet strain.

Financial Health Signals

Financial Profile 27/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Telkom Indonesia's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

100

Telkom Indonesia carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Telkom Indonesia's current ratio of 0.83 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Telkom Indonesia's ROE of 16.0% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 18.9% the prior year.

Piotroski F-Score Neutral

4/9

Telkom Indonesia passes 4 of 9 financial strength tests. 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

Revenue

N/A

EBITDA

N/A

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.

EPS (Diluted)

N/A

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.

Dividends Per Share

N/A

Shares Outstanding

Telkom Indonesia had 1 shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

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.

TLK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$391.0M-25.2%	$523.0M-8.2%	$570.0M+2.0%	$559.0M-17.4%	$677.0M+2.7%	$659.0M
Net Income	$1.4B-24.7%	$1.9B-8.3%	$2.1B+16.9%	$1.8B-25.6%	$2.4B+12.5%	$2.1B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TLK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$17.2B-7.4%	$18.6B-0.1%	$18.6B+5.4%	$17.7B-8.9%	$19.4B+10.7%	$17.5B
Current Assets	$3.7B-5.5%	$3.9B+8.5%	$3.6B+2.2%	$3.5B-17.8%	$4.3B+29.8%	$3.3B
Cash & Equivalents	$2.1B-2.6%	$2.1B+16.9%	$1.8B-13.2%	$2.1B-15.7%	$2.5B+70.3%	$1.4B
Inventory	$54.0M-20.6%	$68.0M+4.6%	$65.0M-11.0%	$73.0M+32.7%	$55.0M-21.4%	$70.0M
Accounts Receivable	$684.0M-14.2%	$797.0M+12.1%	$711.0M+24.5%	$571.0M-6.5%	$611.0M-25.7%	$822.0M
Goodwill	$554.0M-5.6%	$587.0M+3.5%	$567.0M+6.4%	$533.0M+1.1%	$527.0M+8.2%	$487.0M
Total Liabilities	$8.2B-3.2%	$8.5B+0.7%	$8.5B+4.8%	$8.1B-12.1%	$9.2B+3.0%	$8.9B
Current Liabilities	$4.5B-6.6%	$4.8B+2.8%	$4.6B+2.8%	$4.5B-6.4%	$4.8B-1.1%	$4.9B
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
Total Equity	$9.0B-10.9%	$10.1B-0.7%	$10.1B+6.0%	$9.6B-6.0%	$10.2B+18.8%	$8.6B
Retained Earnings	$7.3B-12.2%	$8.3B+0.2%	$8.3B+6.4%	$7.8B-2.6%	$8.0B+18.5%	$6.8B

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

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$3.8B0.0%	$3.8B-2.7%	$3.9B-16.5%	$4.7B-1.8%	$4.8B+3.2%	$4.6B
Capital Expenditures	$1.4B-15.2%	$1.6B-25.9%	$2.2B-3.0%	$2.2B+7.1%	$2.1B+0.3%	$2.1B
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
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
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
Dividends Paid	$1.3B+14.8%	$1.1B+1.9%	$1.1B+13.0%	$954.0M-18.3%	$1.2B+7.6%	$1.1B
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TLK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
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%
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%
Current Ratio	0.830.0	0.82+0.0	0.780.0	0.78-0.1	0.89+0.2	0.68
Debt-to-Equity	0.120.0	0.11+0.0	0.100.0	0.09+0.0	0.07-0.0	0.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q3'24	Q3'23	Q3'22	Q3'21	Q3'20	Q3'19	Q3'18
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.82+0.0	0.780.0	0.78-0.1	0.89+0.2	0.68+0.0	0.67-0.3	0.92-0.1	1.05
Debt-to-Equity	0.11+0.0	0.100.0	0.09+0.0	0.07-0.0	0.08-0.9	1.01+0.2	0.76-0.0	0.77
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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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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 9, indicating neutral financial health. 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.

How financially healthy is Telkom Indonesia?

Telkom Indonesia (TLK) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.