PT Tower Bersama Infrastructure Tbk (“TBIG”) Announces Its Full Year 2024 Financial Performance
JAKARTA, 7 April 2025 – PT Tower Bersama Infrastructure, Tbk. ("TBIG") today, released its audited financial statements for the year ended 31 December 2024.
Financial Highlights and Operational Indicators
For the full year ended 31 December 2024, TBIG generated revenue and EBITDA amounting to Rp6,867 billion and Rp5,869 billion, respectively. The Company’s EBITDA margins were 85.5% for the full year 2024.
As of 31 December 2024, TBIG had 42,722 tenants and 23,892 telecommunication sites. The Company’s telecommunication sites comprised of 23,778 telecommunication towers and 114 DAS networks. With total tower tenants amounting to 42,608, the Company’s tenancy ratio is 1.79.
Hardi Wijaya Liong, CEO of TBIG, commented, “For the full year 2024, we added 2,333 gross tenancies, consisting of 1,551 telecommunication sites and 782 collocations to our portfolio. We continue to work with our customers as they optimize their network and expand their coverage across Indonesia.”
Total debt as of 31 December 2024, valuing USD loans at their hedged exchange rate, was Rp30,197 billion and gross senior debt was Rp627 billion while cash balance was Rp1,482 billion, resulting in net debt of Rp28,716 billion. Using the fourth quarter 2024 annualized EBITDA, total net debt (hedged rate) to EBITDA ratio is 4.9x.
“We have continued to increase our exposure in the local IDR loan and bond markets, which comprised half of our debt at the end of 2024. For our USD debt, our prudent hedging strategy has proven to be very effective, protecting the Company from the recent headwinds that the Indonesian Rupiah has been facing,” remarked 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
