TLK PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK
Price Chart
Executive Summary
Telkom Indonesia updated its disclosure regarding a proposed share buyback of up to Rp4 trillion (approximately $275M at current rates), funded from internal cash, to be executed over 12 months following shareholder approval on June 8, 2026. The buyback is capped at 10% of issued capital and aims to support share price and stakeholder confidence, but comes against the backdrop of a 2.2% revenue decline and 17.1% net profit drop reported in the FY2025 20-F filed 20 days prior, along with ongoing SEC/DOJ investigations.
Actionable Insight
The buyback is a modest positive signal but insufficient to offset the fundamental deterioration (revenue -2.2%, net profit -17.1%) and regulatory overhang from SEC/DOJ probes. Monitor the GMS vote on June 8 and subsequent execution pace; the buyback is discretionary and may be terminated early. The 12-month window means limited near-term urgency.
Key Facts
- Buyback authorized up to Rp4 trillion (~$275M), funded from internal cash, not debt or equity offering.
- Buyback period: up to 12 months from GMS approval on June 8, 2026 (through June 8, 2027).
- Maximum 10% of issued and paid-up capital may be repurchased; free float will remain above 15%.
- Pro forma EPS impact: from Rp179.8 to Rp183.1 (1.8% increase) assuming full buyback of 10% of shares.
- Assets and equity would decrease by up to Rp4 trillion if fully executed; revenue not expected to be affected.
- Company faces ongoing SEC and DOJ investigations related to revenue recognition and FCPA compliance (per 20-F).
- FY2025 results showed revenue down 2.2% to Rp146.7T and net profit down 17.1% to Rp17.8T (per 20-F).
Financial Impact
Buyback up to Rp4 trillion (~$275M), representing ~1.8% of market cap. Pro forma EPS improvement of ~1.8% (Rp179.8 to Rp183.1) if fully executed. No impact on revenue or operating cash flow.
Risk Factors
- SEC/DOJ investigations could result in material penalties or operational restrictions, overshadowing buyback benefits.
- Buyback may be executed at a slow pace or terminated early, limiting actual share reduction.
- Continued revenue and profit declines could further pressure the stock despite the buyback authorization.
- Indonesian rupiah depreciation could reduce USD-equivalent buyback impact.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001001807-26-000038 |
| Document: 0001001807-26-000038-index-headers.html | 0001001807-26-000038 |
| Document: 0001001807-26-000038-index.html | 0001001807-26-000038 |
| Document: 0001001807-26-000038.txt | 0001001807-26-000038 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
2d ago
|
6-K
| $16.02 $15.54 | ▼ −3.00% | ▼ −0.40% | $15.54 (−3.00%) |
|
Jun 4, 2026
2d ago
|
6-K
| $16.02 $15.54 | ▼ −3.00% | ▼ −0.40% | $15.54 (−3.00%) |
|
Jun 3, 2026
3d ago
|
6-K
| — | awaiting T+1 | — | — |
|
May 29, 2026
8d ago
|
6-K
| $16.42 $16.36 | ▲ +0.37% | ▲ +0.64% | $15.54 (+5.36%) |
|
May 15, 2026
22d ago
|
6-K
| $16.57 $17.32 | ▼ −4.53% | ▼ −4.59% | $15.54 (+6.22%) |
|
May 15, 2026
22d ago
|
20-F
| $16.57 $17.32 | ▼ −4.53% | ▼ −4.59% | $15.54 (+6.22%) |
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May 12, 2026
25d ago
|
6-K
| $16.92 $16.95 | ▼ −0.18% | ▲ +0.40% | $15.54 (+8.16%) |
|
Apr 14, 2026
7w ago
|
6-K
| $18.42 $18.41 | ▼ −0.05% | ▼ −0.83% | $15.54 (−15.64%) |
US Market Status
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