JAKARTA - PT Inti Bangun Sejahtera Tbk (IBST), a business entity of the Djarum Group, posted a loss of IDR 1.85 trillion in 2024, compared to the previous year's net profit of IDR 72.07 billion.

Based on its 2024 financial report, IBST's loss was in line with its revenue performance, which fell 22.28% year-on-year (yoy) to IDE862.46 billion.

IBST's revenue from telecommunication tower leases still grew slightly by 1.71% to IDR593.41 billion in 2024.

Meanwhile, revenue from network and bandwidth equipment leases fell 19.5% to IDR269.05 billion, and there was no revenue from equipment and machinery leases.

In terms of balance sheet, IBST's total assets until the end of 2024 amounted to IDR4.41 trillion. The total liabilities and equity are IDR 2.25 trillion and IDR 2.16 trillion, respectively. (DK/KR/LM)