Executive Summary

Key insights and market outlook

PT Sarana Menara Nusantara Tbk (TOWR) posted a positive performance in Q3 2025, with tower rental business being a key driver ¹

. The company's revenue reached Rp 9.68 trillion, growing 2.52% year-over-year (YoY), while its net profit was Rp 2.55 trillion, increasing 4.41% YoY ². Analysts expect TOWR's performance to remain stable and resilient in the future, supported by strong revenue visibility and strategic focus on diversifying non-tower segments ².

Full Analysis

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Deep Dive Analysis

Sarana Menara Nusantara's Positive Performance

Driven by Tower Rental Business

PT Sarana Menara Nusantara Tbk (TOWR) posted a positive performance in Q3 2025, with tower rental business being a key driver ¹

. The company's revenue reached Rp 9.68 trillion, growing 2.52% year-over-year (YoY), while its net profit was Rp 2.55 trillion, increasing 4.41% YoY ².

Strong Revenue Visibility and Diversification Efforts

Analysts expect TOWR's performance to remain stable and resilient in the future, supported by strong revenue visibility and strategic focus on diversifying non-tower segments ²

. Abida Massi Armand, Analyst at BRI Danareksa Sekuritas, noted that TOWR's focus on Fiber to the Tower (FTTT) and Fiber to the Home (FTTH) will contribute significantly to the company's consolidated revenue ².

Conclusion

In conclusion, Sarana Menara Nusantara's positive performance in Q3 2025 was driven by its tower rental business, and the company is expected to maintain its stable and resilient performance in the future. With its strong revenue visibility and diversification efforts, TOWR is well-positioned for long-term growth.

References