PT Tower Bersama Infrastructure Tbk (“TBIG”) Announces Its First Quarter 2025 Financial Performance

JAKARTA, 29 May 2025 – PT Tower Bersama Infrastructure, Tbk. ("TBIG") today released its interim financial statements for the three months ended 31 March 2025.

Financial Highlights and Operational Indicators

During the three months ended 31 March 2025, TBIG generated revenue and EBITDA amounting to IDR1,732 billion and IDR1,482 billion, respectively. Using the first quarter 2025 results on an annualized basis, revenue and EBITDA reached IDR6,927 billion and IDR5,929 billion, respectively.

As of 31 March 2025, TBIG had 42,614 tenants and 23,956 telecommunication sites. The Company’s telecommunication sites comprised 23,845 telecommunication towers and 111 DAS networks. With total tower tenants amounting to 42,503 on tower sites, the Company’s tenancy ratio is 1.78x.

"We remain committed to the evolving connectivity needs of our customers and their end-users. In the first quarter of 2025, we added 260 gross tenancies organically, consisting of 117 telecommunication sites and 143 collocations.” remarked Hardi Wijaya Liong, CEO of TBIG.

Total gross debt as of 31 March 2025, valuing USD loans at their hedged exchange rate, was IDR28,977 billion and gross senior debt was IDR4,324 billion. Cash balances as of 31 March 2025 were IDR550 billion, resulting in net debt of IDR28,427 billion and net senior debt of IDR3,774 billion. Using the first quarter 2025 annualized EBITDA, the net debt to EBITDA ratio is 4.8x and net senior debt to EBITDA ratio of 0.6x.

“Our ongoing access to the cost-effective onshore IDR bond and loan markets remain key, with these instruments now comprising 50% of our total gross debt. This quarter saw the successful issuance of two new IDR bonds, raising a total of IDR 5.5 trillion. Additionally, our conservative hedging strategy for USD-denominated debt has proven effective in the current market.” commented Helmy Yusman Santoso, CFO of TBIG.

About PT Tower Bersama Infrastructure Tbk
PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Bersama Digital Infrastructure Asia.

For more information contact:
Corporate Secretary:
Helmy Yusman Santoso – Tower Bersama Group
Telp. (62-21) 2924 8900
Email: corporate.secretary@tower-bersama.com

Investor Relations:
Veronica Jordan
Telp. (62-21) 2924 8900
Email: investor.relations@tower-bersama.com