Telkom Indonesia(TLK) - 2024 Q4 - Annual Report

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching $5.2 billion in the last quarter[5] - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[1] - The company projects a revenue growth of 10% for Q4 2023, expecting to reach $1.65 billion[3] - The company has set a performance guidance of 12% revenue growth for the next fiscal year[5] - The company reported a net profit margin of 18%, reflecting improved operational efficiency[5] User Engagement and Growth - Average Revenue per User (ARPU) improved by 8% to $12.50, indicating stronger customer engagement[22] - User data indicates a 25% increase in active subscribers, reaching a total of 15 million[5] - User base expanded by 20%, totaling 10 million active users as of the end of Q3 2023[2] - Implementation of a new customer engagement strategy is projected to improve customer retention rates by 15%[8] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in user base by the end of the fiscal year[5] - Market expansion efforts in Southeast Asia are expected to drive a 30% increase in user acquisition[6] - A strategic acquisition of a local competitor is anticipated to close by Q3 2024, expected to increase market share by 10%[5] - The company completed a strategic acquisition of a local competitor for $300 million to enhance market presence[7] Product Development and Innovation - New product launches are expected to contribute an additional $300 million in revenue over the next two quarters[5] - New product launch in Q4 2023 is anticipated to contribute an additional $200 million in revenue[4] - Investment in R&D increased by 25%, totaling $150 million, focusing on next-generation technologies[5] - The company is investing $1 billion in 5G technology development to enhance service offerings and network capacity[5] Operational Efficiency and Cost Management - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[9] - The company is focusing on enhancing its cybersecurity measures, allocating $50 million for upgrades in the next year[5] Future Outlook - Future outlook remains positive with a focus on sustainable growth and innovation in service offerings[10] - The company’s forward-looking statements include expectations regarding future operating performance and business prospects, which are subject to risks and uncertainties[186] - The company does not undertake any obligation to update or revise forward-looking statements after the date they are made[188] Financial Reporting - The company reported consolidated financial statements for the years ended December 31, 2023, and 2024, prepared in accordance with IFRS[181] - The exchange rate for converting Indonesian Rupiah to U.S. Dollars was Rp16,095.0 to US$1.00 for December 31, 2024, and Rp15,398.5 to US$1.00 for December 31, 2023[182] - Certain numerical figures in the financial data have been subject to rounding adjustments, which may cause slight variations in totals[183]