Solusi Sinergi Digital's Stock Correction Explained

Financial Highlights for September 2025

PT Solusi Sinergi Digital Tbk (WIFI), also known as Surge, reported a significant financial performance for the nine months ending September 2025. The company achieved 100.99% year-on-year revenue growth, reaching Rp1.01 trillion compared to Rp504.95 billion in the previous year ²

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Revenue and Profitability

The company's revenue growth was supported by its ability to control cost of revenue at Rp325.42 billion, resulting in a 124.16% YoY increase in gross profit to Rp689.48 billion. WIFI also recorded financial income of Rp40.21 billion, although it faced financial costs of Rp204.59 billion. Consequently, profit before income tax reached Rp409.85 billion.

Management's Perspective on Stock Performance

Despite the strong financial results, WIFI's stock experienced a 2.21% decline to Rp3,540 on December 15, 2025 ¹

. The company's director, Shannedy Ong, clarified that this correction is not indicative of fundamental business issues but rather a temporary market adjustment. The adjustment is attributed to changes in capital structure supporting the company's aggressive expansion phase.

Market Context and Future Outlook

It's worth noting that despite the recent decline, WIFI's stock has surged 763.41% year-to-date. This significant growth reflects investor confidence in the company's growth prospects. The market will likely be watching WIFI's future performance closely to see if the current correction marks a temporary pause in its upward trajectory or the beginning of a longer-term trend.