PT XL Axiata Tbk Q3 2025 Earnings Recap

XLSMART reported robust growth in its first full quarter post-merger, achieving a 38% year-over-year revenue increase alongside significant operational synergies and network improvements.

Key Takeaways

• Revenue growth of 38% YoY and 9% QoQ driven by strong subscriber quality and improving ARPU.
• Successful national roaming integration enhances service quality for Smartfren customers and boosts coverage by 38%.
• On track to achieve $150-$200 million in synergies for FY 2025, with long-term targets of $300-$400 million pretax.
• Mobile, Enterprise, and Home segments each driving distinct growth opportunities across diverse customer needs.
• Customer engagement initiatives and improved network performance leading to increased user satisfaction and retention.