- Total revenue of IDR 7.3 Trillion, up 12.6% YoY
- Cellular revenue of IDR 6 Trillion, an increase of 12.5% YoY
- Net Profit of IDR 172 Bn, an increase of IDR 778 Bn YoY
- EBITDA of IDR 3.4 Trillion, an increase of 42.5% YoY
- EBITDA margin increased to 46.2%, up +9.7ppt YoY
- Subscribers increased to 60.0 Million, up 7% YoY
Indosat Ooredoo today announced an excellent set of financial results for the quarter, ended 31 March 2021.
President Director and CEO Indosat Ooredoo, Ahmad Al-Neama, said: “Despite the operational challenges created by the ongoing pandemic, Indosat Ooredoo has made an outstanding start in 2021. Our growth momentum has continued to build, reflected in consecutive double-digit revenue growth, a strong EBITDA performance, and we also record a net profit. This Q1 result has set a new benchmark for our financial performance. Our strategy to provide simple and relevant products, supported by our efforts in network excellence, has translated into an accelerating gain in cellular market share and a strong rebound in our enterprise business.
I would like to thank our loyal customers and all our stakeholders for their continuous support, which has helped us to deliver these outstanding results. We remain committed to providing communities across Indonesia with the connectivity and digital products and services they need during this tough time and to accelerating Indonesia’s transformation into a digital nation.”
Indosat Ooredoo has recorded excellent financial performance in the first quarter of 2021, maintaining the growth momentum of the previous year. Indosat Ooredoo’s total revenue increased by 12.6% year-on-year (YoY) to IDR 7.3 trillion. Cellular revenue rose by 12.5% YoY to IDR 6 trillion. Enterprise business has shown a turn-around in the first quarter of 2021 with 17.1 % growth in enterprise revenue (YoY) to IDR 1.3 trillion.
EBITDA increased 42.5% YoY, to reach IDR 3.4 trillion. This was due to a combination of top-line growth and cost disciplines that contributed to an improvement in our EBITDA margin that reaching 46.2% in Q1’21, the highest reported in seven quarters. Indosat Ooredoo also recorded a net profit of IDR 172 billion, a stellar IDR 778 billion improvement compared to Q1 2020.
Indosat Ooredoo’s also recorded a healthy customer base growth with 60.0 million engaged customers, an increase of 7% YoY. Average Revenue per User (ARPU) increased by 11% YoY to IDR 32.7 thousand, driven mainly by robust growth in data traffic, which rose 46% compared to the same period in the previous year.
In Q1 2021 Indosat Ooredoo announced the signing of a sale and leaseback agreement with PT EPID Menara Asset Co (“Edge Point Indonesia”) for more than 4,200 telecommunications towers. The transaction is valued at IDR 11 trillion and will unlock significant capital to build on Indosat Ooredoo’s strong growth momentum through further improvements to its network performance and the launch of innovative new digital solutions to enhance the customer experience.
