1. Indonesia Stocks

  2. •

    Finance

  3. •

    Real estate development
PT Tower Bersama Infrastructure Tbk

PT Tower Bersama Infrastructure Tbk

1,120.00
IDR
-55.00
(-4.68%)
31.97TMarket Cap
Dec 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
112.19
139.69
145.81
164.24
180.91
198.35
225.1
255.39
296.23
292.6
294.15
304.52
308.51
- -
Basic EPS, GAAP
52.04
29.6
60.94
31.59
104.16
31.26
39.26
48.4
74.25
73.44
69.11
60.38
63.71
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
12
12.16
- -
26.2
29.9
34.95
28.74
29.03
33.18
36.58
58.28
55.15
23.63
-4.52
Book Value per Share
112.04
87.99
66.27
69.81
138.92
155.3
230.85
402.65
428.68
462.33
517.49
442.5
533.4
571.39
Tangible Book Value per Share
83.81
61.36
41.42
45.83
120.35
135.55
213.23
384.67
410.22
444.85
497.1
421.13
507.53
545.52
Basic Weighted Avg Shares
23,983
23,672
23,463
22,596
22,239
21,770
20,874
20,861
20,861
22,298
22,576
22,552
22,397
22,474
Sales/Revenue/Turnover
2,690,500
3,306,812
3,421,177
3,711,174
4,023,085
4,318,137
4,698,742
5,327,689
6,179,584
6,524,369
6,640,645
6,867,399
6,909,629
- -
Operating Margin (%)
76.28
75.76
77.78
69.45
74.87
73.01
71.7
71.18
69.64
65.25
63.76
62.89
62.95
- -
Depreciation Expense
22,033
30,736
18,613
30,510
36,182
32,641
32,155
36,725
38,212
39,632
45,864
80,634
94,492
- -
Net Income, GAAP
1,247,994
700,745
1,429,903
713,807
2,316,368
680,581
819,454
1,009,625
1,548,975
1,637,579
1,560,307
1,361,624
1,426,836
- -
Effective Tax Rate (%)
- -
48.16
- -
7.96
- -
30.91
29.16
29.34
17.28
11.63
10.13
3.62
7.68
- -
Profit Margin (%)
46.39
21.19
41.8
19.23
57.58
15.76
17.44
18.95
25.07
25.1
23.5
19.83
20.65
- -
Working Capital
-1,218,095
-5,815,511
690,971
-939,280
-16,621
-4,397,472
-2,136,883
-10,550,482
-5,411,172
-5,728,848
-10,725,788
-17,546,087
-13,212,371
-18,779,900
LT Debt
10,650,083
8,748,003
18,041,202
17,892,024
20,376,348
18,966,550
20,808,451
13,403,328
23,635,824
23,199,746
18,851,691
13,243,551
16,924,909
12,045,039
Total Equity
2,720,094
2,103,865
1,590,796
1,624,142
3,185,080
3,679,565
5,523,284
9,303,838
9,789,238
10,920,383
12,361,027
10,565,523
12,725,357
13,550,003
Return on Invested Capital (%)
- -
7.61
- -
11.97
- -
8.67
8.66
8.67
9.75
9.49
9.21
9.81
9.35
- -
Return on Capital (%)
- -
6.91
- -
11.14
- -
8.15
7.92
7.84
8.82
7.9
7.51
7.59
7.52
- -
Return on Common Equity (%)
37.36
29.43
79.31
46.26
99.76
21.07
19.59
14.74
17.23
16.71
14.16
12.6
13
- -

Capital Structure

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13,580,003
6,523,130
17,878,140
LT Borrowings
16,917,701
22,804,275
12,039,999
LT Finance Leases
7,208
6,540
5,040
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22,608
22,592
22,592
Market Capitalization
60,588,477
36,712,783
31,968,361

Working Capital

IDR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,111,787
2,827,947
3,601,762
Cash, Cash Equivalents & STI
763,553
793,803
706,468
Accounts Receivable, Net
337,350
428,805
412,774
Inventories
- -
- -
- -
Total Current Liabilities
16,324,158
10,144,068
22,381,662
Payables & Accruals
- -
- -
- -
ST Debt
13,580,003
6,523,130
17,878,140
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.82%
7.17%
20.44%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
19.39%
9.3%
4.79%
Sales/Revenue/Turnover
7.38%
5.47%
0.61%
Total Cash Common Dividend
- -
6.1%
-57.44%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,704,665
1,709,611
1,712,574
1,740,549
6,867,399
2025
1,731,634
1,718,992
- -
1,746,871
6,909,629
2026
1,717,879
1,742,452
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15.45
16.83
19.34
8.57
60.38
2025
18.52
18.35
- -
14.06
63.71
2026
17.43
19.77
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
30.28
22.5
55.15
2025
2.15
- -
- -
-4.48
23.63
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hardi Wijaya Liong
Full Time Employees
870
Sector
Finance
Industry
Real estate development
Address
The Convergence Indonesia Jakarta Selatan JK Indonesia 12940
IPO Date
Oct 18, 2010
Website
tower-bersama.com
Similar Companies
DLF Limited (NSE:DLF)
Opendoor Technologies Inc (NASDAQ:OPEN)
Samolet (MOEX:SMLT)
Alarko Holding A.S. (BIST:ALARK)
Godrej Properties Limited (NSE:GODREJPROP)
Lodha Developers Ltd. (NSE:LODHA)
Business
PT Tower Bersama Infrastructure Tbk (TBIG.JK) serves as the holding company for the Tower Bersama Group, Indonesia's leading independent telecommunications tower infrastructure provider; it leases space for antennas and other equipment used in wireless signal transmission at tower sites and shelter-only sites under long-term agreements with telecom operators, while also offering access to Distributed Antenna System (DAS) networks in shopping malls and office buildings across major urban areas. The company operates through segments including Tower, Repeater, Building, and Fiber Optic, providing core services such as telecommunications tower leasing, DAS solutions, repeater systems, fiber optic infrastructure, and related telecommunications support activities like BTS tower management, equipment installation consulting, and data hosting. Founded in 2004 and headquartered in South Jakarta, Indonesia, TBIG maintains over 24,000 telecommunication sites, including approximately 24,200 towers and 109 DAS networks, primarily serving major operators like Telkomsel, Indosat, and XL Axiata across the country. Subsidiaries encompass entities such as PT United Towerindo, PT Tower Bersama, PT Metric Solusi Integrasi, and PT Tower One, with majority ownership by Bersama Digital Infrastructure Asia. In recent developments, TBIG reports robust organic growth with 540 gross tenancies added in Q3 2025, including 327 new sites and 213 collocations, alongside 42,771 total tenants and a tenancy ratio of 1.76x as of September 30, 2025; it maintains a resilient debt structure with net debt to annualized EBITDA at 4.9x, supported by recent IDR bond issuances for 3-year and 5-year maturities, and announced an equity buyback of 158 million shares.