XLSmart (EXCL) Distributes First Dividend Post-Merger Following Shareholder Approval

Historic Dividend Distribution

PT XLSmart Telecom Sejahtera Tbk (EXCL), the merged entity of XL Axiata and Smartfren, has made its inaugural dividend distribution following the merger. The company distributed a total of Rp 2.89 trillion, equivalent to Rp 159 per share. This significant corporate action was sanctioned by shareholders during an Extraordinary General Meeting of Shareholders (EGMS) convened on November 21, 2025.

Financial Implications

The dividend payout represents 30% of the company's retained earnings, which were recorded at Rp 9.46 trillion as of December 31, 2024. This move demonstrates the company's commitment to returning value to its shareholders while maintaining a robust financial position. The decision to distribute such a substantial amount underscores the company's confidence in its financial health and future prospects.

Shareholder Approval and Corporate Governance

The EGMS, which was held on November 21, 2025, had a single agenda item: the approval of the allocation of a portion of retained earnings for distribution as additional cash dividends to shareholders. The approval of this agenda item by shareholders signifies their confidence in the company's management and strategic direction.

Market Impact

This first dividend distribution post-merger is likely to be viewed positively by investors, as it indicates the successful integration of XL Axiata and Smartfren and the company's ability to generate sufficient cash flows. The announcement may enhance investor confidence and potentially positively impact the stock's performance in the market.