PT Dayamitra Telekomunikasi Tbk

Name: PT Dayamitra Telekomunikasi Tbk financial statements and ratios
Creator: Annalist

MTEL · IDX · Communication and media, communications infrastructure · Indonesia · SAK · Fiscal year ends December

Latest report: FY2025, the fiscal year ended 31 December 2025. Snapshot FY2025_83690679.

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Overview

Revenue, fiscal year

+2.4% year on year

Operating profit, fiscal year

−0.6% year on year

Net income, fiscal year

n/a

Diluted EPS, fiscal year

0.0% year on year

Operating margin, fiscal year

−1.3pp year on year

Return on invested capital, fiscal year

−0.1pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest fiscal year, with their history over earlier years.

Revenue for the fiscal year ended 31 December 2025 was Rp9.53 trillion, 2.4% higher than in the previous fiscal year.
Weakenedin FY2025 · stated since FY20232.4% from 7.2% in FY2024
Rule: Revenue against the previous fiscal year · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedRevenue for the fiscal year ended 31 December 2025 was Rp9.53 trillion, 2.4% higher than in the previous fiscal year.Recorded from FY2025_83690679 · data update
2. FY2024 WeakenedRevenue for the fiscal year ended 31 December 2024 was Rp9.31 trillion, 7.2% higher than in the previous fiscal year.Reconstructed · data update
3. FY2023 NewRevenue for the fiscal year ended 31 December 2023 was Rp8.68 trillion, 11.2% higher than in the previous fiscal year.Reconstructed · initial
The operating margin for fiscal 2025 was 43.6%, 1.3 percentage points lower than a year earlier.
Newin FY2025 · first stated
Rule: Operating margin against a year earlier · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 NewThe operating margin for fiscal 2025 was 43.6%, 1.3 percentage points lower than a year earlier.Recorded from FY2025_83690679 · data update
2. FY2025 RetiredThe finding changed to lower than a year earlier.Recorded from FY2025_83690679 · data update
3. FY2024 StrengthenedThe operating margin for fiscal 2024 was 44.9%, 2.5 percentage points higher than a year earlier.Reconstructed · data update
4. FY2023 NewThe operating margin for fiscal 2023 was 42.4%, 1.6 percentage points higher than a year earlier.Reconstructed · initial
Return on invested capital for fiscal 2025 was 7.2%, against 7.3% a year earlier.
Newin FY2025 · first stated
Rule: Return on invested capital against a year earlier · Sources Annual report 2025-12, Annual report 2024-12
History of this finding, 5 records
1. FY2025 NewReturn on invested capital for fiscal 2025 was 7.2%, against 7.3% a year earlier.Recorded from FY2025_83690679 · data update
2. FY2025 RetiredThe finding changed to lower than a year earlier.Recorded from FY2025_83690679 · data update
3. FY2024 NewReturn on invested capital for fiscal 2024 was 7.3%, against 6.6% a year earlier.Reconstructed · data update
4. FY2024 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
5. FY2023 NewReturn on invested capital for fiscal 2023 was 6.6%.Reconstructed · initial
Free cash flow for fiscal 2025 was Rp4.60 trillion.
Interpretation. Operating cash flow paid for all capital expenditure, and the rest is free for dividends, share buybacks or debt repayment.
Strengthenedin FY2025 · stated since FY2024
Rule: Free cash flow · Sources Annual report 2025-12
History of this finding, 4 records
1. FY2025 StrengthenedFree cash flow for fiscal 2025 was Rp4.60 trillion.Recorded from FY2025_83690679 · data update
2. FY2024 NewFree cash flow for fiscal 2024 was Rp3.75 trillion.Reconstructed · data update
3. FY2024 RetiredThe finding changed to positive.Reconstructed · data update
4. FY2023 NewPurchases of property, plant and equipment exceeded operating cash flow by Rp1.13 trillion in fiscal 2023.Reconstructed · initial
Net debt was Rp20.87 trillion at 31 December 2025.
Strengthenedin FY2025 · stated since FY2023
Rule: Net debt or net cash · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 StrengthenedNet debt was Rp20.87 trillion at 31 December 2025.Recorded from FY2025_83690679 · data update
2. FY2024 StrengthenedNet debt was Rp19.70 trillion at 31 December 2024.Reconstructed · data update
3. FY2023 NewNet debt was Rp17.65 trillion at 31 December 2023.Reconstructed · initial

Records before FY2025 are reconstructed from the latest snapshot. Ledger: findings.json.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents3 documents, latest Annual report for the year to 31 December 2023List

DownloadsExcel workbook · JSON · Brief for AI

SnapshotFY2025_83690679

Corporate Events

Corporate events are listed for companies whose figures come from 10-K and 10-Q filings; none are listed for this company.

Earnings, Returns and Balance Sheet

Revenue

By fiscal year, rupiah

Operating Profit

By fiscal year, rupiah

Margins

By fiscal year, per cent

Returns

By fiscal year, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by fiscal year, rupiah

Net Debt

Total debt less cash and short-term investments, at fiscal year end, rupiah

Diluted Earnings per Share

By fiscal year, as reported

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a figure derived from other figures of the same report.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

FY2025

Annual report for the year to 31 December 2025. Changes are against the previous report, and each figure shows its period.

0changes1threshold crossed

Changes in This Report 0

No finding changed its state in the latest report.

Thresholds Crossed 1

WeakenedLiquidity Cover
Cash, short-term investments and operating cash flow for fiscal 2025 equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow fall short of the debt due in the next 12 months, capital expenditure and dividends. The company pays the difference with new borrowing, its undrawn credit lines, asset sales or lower spending.

Fiscal years, with balances at each fiscal year end. Select a value for its formula and the figures it uses.

Credit MetricsLease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Lease-adjusted debtBorrowings plus the obligations of long-term leases, such as rents of stores, offices and warehouses, which credit analysts count as debt.Total debt: borrowings + lease liabilities, or the lines that present them together; IFRS 16 puts every lease on the balance sheet
Operating cash flow to debtOperating cash flow after interest paid, as a share of debt with lease liabilities. A higher share means the debt could be repaid sooner from operating cash.Operating cash flow after interest paid / lease-adjusted debt; interest paid that the company classifies as financing activities is deducted
Free operating cash flow to debtOperating cash flow less capital spending, as a share of lease-adjusted debt: the cash left for the debt after the company maintains and expands its assets.(Operating cash flow after interest paid - capital expenditure) / lease-adjusted debt
Discretionary cash flow to debtCash left after capital spending, dividends and share repurchases, as a share of lease-adjusted debt. A negative figure means the company paid out more than it generated.(Operating cash flow after interest paid - capital expenditure - dividends - purchases of own shares) / lease-adjusted debt
Liquid assets to debtCash and short-term investments as a share of lease-adjusted debt: the part of the debt that cash on hand could repay at once.(Cash + short-term investments) / lease-adjusted debt

Reconciliation of the Credit Figures

Item	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Borrowings	Rp15.42tn	Rp16.10tn	Rp17.88tn	Rp19.17tn
Lease liabilities	Rp2.22tn	Rp2.44tn	Rp2.42tn	Rp2.31tn
Borrowings and lease liabilities presented as one line	Rp0	Rp0	Rp0	Rp0
Lease-adjusted debt	Rp17.64tn	Rp18.54tn	Rp20.30tn	Rp21.48tn

Method

Total debt is borrowings and lease liabilities, current and non-current, before the deduction of cash. Under IFRS 16 every lease is on the balance sheet, depreciation includes that of right-of-use assets and finance costs include the interest on lease liabilities, so no lease cost or lease interest is added.
Adjusted EBITDA adds share-based payments, and the impairment that the company reports with depreciation and amortisation, to EBIT and depreciation and amortisation. FFO deducts cash interest and cash taxes.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.

Liquidity and MaturitiesUses above sourcesLiquidity cover 0.87x, Debt due within 12 months Rp4.25tn · FY2025

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends.

Cash, short-term investments and operating cash flow for fiscal 2025 equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow fall short of the debt due in the next 12 months, capital expenditure and dividends. The company pays the difference with new borrowing, its undrawn credit lines, asset sales or lower spending.
Weakenedin FY2025 · stated since FY20230.87x from 0.58x in FY2024
Rule: Liquidity cover · Sources Annual report 2025-12
History of this finding, 3 records
1. FY2025 WeakenedCash, short-term investments and operating cash flow for fiscal 2025 equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2025_83690679 · data update
2. FY2024 WeakenedCash, short-term investments and operating cash flow for fiscal 2024 equalled 0.6 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
3. FY2023 NewCash, short-term investments and operating cash flow for fiscal 2023 equalled 0.4 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · initial

Sources and Uses, Fiscal 2025

Sources	Amount
Cash and short-term investments	Rp609bn
Operating cash flow	Rp6.78tn
Sources	Rp7.39tn

Uses	Amount
Debt due within 12 months	Rp4.25tn
Capital expenditure	Rp2.18tn
Dividends paid	Rp2.07tn
Uses	Rp8.50tn

Liquidity cover 0.87x

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Liquidity coverCash on hand plus a year of operating cash flow, against the cash needed in the next 12 months for maturing debt, capital spending and dividends. Above 1, these sources cover the uses without new borrowing.(Cash + short-term investments + operating cash flow) / (debt due within 12 months + capital expenditure + dividends); the flows of the fiscal year or of the last 4 quarters are taken as those of the next 12 months, and undrawn facilities are not included
Debt due within 12 monthsBorrowings and lease liabilities due within the next 12 months, which the company must repay or refinance.Current borrowings + current lease liabilities, or the current line that presents them together

Method

Debt due within 12 months is current borrowings and current lease liabilities.
Capital expenditure and dividends of the fiscal year are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityAccruals and the cash backing of reported earnings.

Accruals and the cash backing of reported earnings.

By Fiscal Year

Ratio	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Total accrualsAccruals that also cover long-term operating and financial assets and liabilities (Richardson, Sloan, Soliman and Tuna, 2005). Acquisitions raise the figure.Change in net operating working capital, net non-current operating assets and net financial assets / average total assets (Richardson, Sloan, Soliman and Tuna, 2005)

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresAltman Z'' 1.56 · FY2025

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2025 was 1.56, between the distress threshold of 1.10 and the safe threshold of 2.60.
Interpretation. By this model, the company is between the 2 groups of its original study: below 1.10 the profile resembles companies that went bankrupt, above 2.60 companies that did not. Large share buybacks lower book equity and so lower the score.
Newin FY2025 · first stated
Rule: Altman Z'' zone · Sources Annual report 2025-12
History of this finding, 5 records
1. FY2025 NewThe Altman Z'' score for fiscal 2025 was 1.56, between the distress threshold of 1.10 and the safe threshold of 2.60.Recorded from FY2025_83690679 · data update
2. FY2025 RetiredThe finding changed to the grey zone.Recorded from FY2025_83690679 · data update
3. FY2024 NewThe Altman Z'' score for fiscal 2024 was 1.08, below the distress threshold of 1.10.Reconstructed · data update
4. FY2024 RetiredThe finding changed to the distress zone.Reconstructed · data update
5. FY2023 NewThe Altman Z'' score for fiscal 2023 was 1.25, between the distress threshold of 1.10 and the safe threshold of 2.60.Reconstructed · initial

By Fiscal Year

Ratio	FY202231 Dec 2022	FY202331 Dec 2023	FY202431 Dec 2024	FY202531 Dec 2025
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	grey zone	grey zone	distress zone	grey zone

Altman Z'' Score

fiscal 2025

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

Distress zone, below 1.10

1.56Grey zone, 1.10 to 2.60

Safe zone, above 2.60

The score of 1.56 is in the grey zone of the model, between 1.10 and 2.60. The largest part is equity against liabilities, at 1.40; working capital below zero lowers the score by 0.50.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	−0.076	6.560	−0.500
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	0.056	3.260	0.182
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.071	6.720	0.478
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	1.334	1.050	1.401
Score			1.561

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Source Documents

Documents of this snapshot, latest first.

Document	Id	SHA-256
Annual report for the year to 31 December 2025	AR:mitratel-2025-12-31	684f3ddb3c30
Annual report for the year to 31 December 2024	AR:mitratel-2024-12-31	472256c100e5
Annual report for the year to 31 December 2023	AR:mitratel-2023-12-31	f93934d5898d

Checks

235225 of 235 checks passed, 10 warnings

Statement arithmetic162 passedIn every annual report used, the lines of each statement add up to the totals printed under them, profit before tax less income tax gives the profit, the balance sheet balances, and the cash at the end of each year is the cash at its start with its change. A report that fails one is not used. Checked at error level.

Statements and notes0 of 6 passedWhere the statement of cash flows gives no depreciation and amortisation, the amount comes from the statement of profit or loss, a note on expenses by nature or the note on segments. Where the report gives it twice, both amounts agree; an amount that the report gives twice in disagreement is withheld. Where the report gives none of these, the amount is the sum of the charges that the notes on each class of assets state, used only where the notes on costs give the same sum and every class of assets on the balance sheet has its charge. Checked at warning level.

Depreciation and amortisation, FY2022: Rp1,584,506m against Rp2,988,979m

Depreciation and amortisation, FY2023: Rp1,674,262m against Rp3,282,137m

Depreciation and amortisation, FY2023: Rp1,698,187m against Rp3,306,368m

Depreciation and amortisation, FY2024: Rp1,847,794m against Rp3,516,681m

Depreciation and amortisation, FY2025: Rp1,959,417m against Rp3,681,752m

Fiscal calendar7 passedFiscal years last 350 to 380 days, and each starts on the day after the one before. Checked at error level.

Coverage2 passedThe latest fiscal year gives total assets and a profit figure. Checked at error level.

Balance sheet identity4 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Gross profit4 passedRevenue less cost of sales equals the gross profit that the company presents. A gross profit that differs is withheld, and so is a cost of sales that the company gives without gross profit. Checked at warning level.

Agreement between annual reports46 passedA value of a year that the annual report of the year and that of the next year give in the same amount. A value that the later report gives differently is listed as a restatement, and the later value is used. Checked at warning level.

Withheld values4 values withheldA value that contradicts the definition of its item, or that documents report in contradiction, is withheld. Checked at warning level.

Depreciation and amortisation, FY2022: withheld, the annual report gives it twice, in amounts that disagree

Depreciation and amortisation, FY2023: withheld, the annual report gives it twice, in amounts that disagree

Depreciation and amortisation, FY2024: withheld, the annual report gives it twice, in amounts that disagree

Depreciation and amortisation, FY2025: withheld, the annual report gives it twice, in amounts that disagree

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	144
Confirmed by other figures	44.4%, 64 values
Confirmed by a second document	31.9%, 46 values
Derived from reported figures	0.0%, 0 values
Values withheld	4
Restated figures tracked	44
Changes compared on one basis	3
Company lines mapped	0 of 0 reviewed

Citation

Annalist, PT Dayamitra Telekomunikasi Tbk, snapshot mitratel/FY2025_83690679 (as of FY2025); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2025_83690679 · dataset SHA-256 83690679afd20327919186468197895d9d32f6a0dba6ea5adeb255f8e285d606 · findings rules 0.5

Data: info.json · dataset.json · validation.json · documents.json