The 123.5% payout ratio signals aggressive capital return but is funded partly from retained earnings, not operating cash flow — unsustainable if earnings continue declining. The SEC/DOJ investigation into $324M in revenue recognition cases remains open and could lead to material penalties or restatements. Monitor ex-dividend date (June 18/22, 2026) for price adjustment, and watch for further 6-K filings disclosing investigation developments.
Price Chart
Executive Summary
Telkom Indonesia's 2025 AGM approved the full net profit distribution as dividends (123.5% payout ratio, totaling Rp22.0 trillion), authorized a share buyback of up to Rp4 trillion, and disclosed ongoing SEC/DOJ investigations into revenue recognition involving approximately $324 million in transactions lacking economic substance — a material litigation and governance risk.
Key Facts
- Total cash dividend approved at Rp21,999,902,180,685 (123.5% payout ratio), including Rp4.19 trillion from retained earnings
- Share buyback authorized up to Rp4,000,000,000,000 maximum amount
- Disclosed SEC/DOJ/Indonesian investigations involving ~USD324 million in revenue recognition transactions lacking economic substance
- Restatement of 2023 and 2024 financial statements audited by EY with unqualified opinion
- Annual revenue declined 2.2% to Rp146.7 trillion and net profit fell 17.1% to Rp17.8 trillion (per cross-filing 20-F)
- Board of Commissioners changes: appointees Edwin Hidayat Abdullah and Anthony Leong
Financial Impact
Dividend of ~$1.4B at current rates; buyback authorization up to ~$260M; revenue declined 2.2% and net profit fell 17.1% YoY
Risk Factors
- SEC/DOJ investigation escalation could result in penalties, reputational damage, or follow-on shareholder litigation
- Revenue and profit declining amid elevated depreciation expense; dividend sustainability weakened
- Indonesian state-ownership share reclassification increases government control, potentially limiting minority shareholder influence
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001001807-26-000042 |
| Document: 0001001807-26-000042-index-headers.html | 0001001807-26-000042 |
| Document: 0001001807-26-000042-index.html | 0001001807-26-000042 |
| Document: 0001001807-26-000042.txt | 0001001807-26-000042 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 6-K | $12.21 | awaiting T+20 | — | $11.76 (−3.69%) |
Oct 2, 2026 25d ago | 6-K | $12.55 | awaiting T+20 | — | $11.76 (−6.29%) |
Oct 2, 2026 25d ago | 6-K | $12.55 | awaiting T+20 | — | $11.76 (−6.29%) |
Oct 2, 2026 25d ago | 6-K | $12.55 | awaiting T+20 | — | $11.76 (−6.29%) |
Sep 18, 2026 5w ago | 6-K | $14.17 $11.03 | ▼ −22.16% | ▼ −22.36% | $11.76 (−17.01%) |
Aug 7, 2026 11w ago | 6-K | $15.10 $14.85 | ▼ −1.66% | ▼ −1.26% | $11.76 (−22.12%) |
Aug 7, 2026 11w ago | 6-K | $15.10 $14.85 | ▼ −1.66% | ▼ −1.26% | $11.76 (−22.12%) |
Jul 1, 2026 16w ago | 6-K | $13.73 $14.37 | ▲ +4.66% | ▲ +6.85% | $11.76 (−14.35%) |
Jun 18, 2026 18w ago | 6-K | $14.88 $14.27 | ▼ −4.10% | ▼ −4.63% | $11.76 (−20.97%) |
Jun 10, 2026 19w ago | 6-K | $15.33 $14.06 | ▼ −8.28% | ▼ −11.91% | $11.76 (−23.29%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers