XLSMART reported its Q1 2026 earnings, with revenue reaching IDR 11.8 trillion, a 38% year-over-year increase. EPS came in at -42.85, beating the forecast of -56.79 by 24.55%. Following the announcement, the stock rose 1.64% in early trading to 3,100.
Strong performance was driven by the mobile business segment and seasonal demand during the Lebaran festive period. Normalized PAT surged 254% to IDR 1.4 trillion. According to Bond.az, XLSMART has paid dividends for six consecutive years, demonstrating commitment to shareholder returns.
The company is accelerating 5G rollout, targeting 88 cities by end of 2026. Integration progress is ahead of plan, with 77% of tower dismantling completed. Management highlighted AI-driven network optimization and customer experience improvements.
