XLSmart Continues Post-Merger Integration with Significant Capex

Financial Performance Highlights

XLSmart Telecom Sejahtera Tbk (EXCL) is progressing with its post-merger integration following the XL Axiata and Smartfren merger. The company has allocated Rp 4.26 trillion for capital expenditure to support network integration efforts.

Revenue Growth

As of September 30, 2025, EXCL reported revenue of Rp 30.54 trillion, representing a 20.44% year-on-year increase from Rp 25.36 trillion. This growth indicates positive momentum in the company's operations despite the challenges of integration.

Challenges in Post-Merger Period

The company's expenses rose 44.40% year-on-year to Rp 30.51 trillion, primarily due to merger-related transactions. Consequently, EXCL recorded a net loss of Rp 2.58 trillion for the period.

Integration Progress and Outlook

The significant capital expenditure of Rp 4.26 trillion demonstrates EXCL's commitment to completing the network integration. This investment is crucial for enhancing operational efficiency and improving service quality post-merger. The company's ability to manage integration costs while maintaining revenue growth will be key to its future financial performance.