JAKARTA - PT Sarana Menara Nusantara Tbk (TOWR) recorded a net profit of IDR 3.34 trillion in 2024, up 2.77% from the previous year which reached IDR 3.25 trillion.

TOWR's net profit growth was in line with its revenue performance, which reached Rp 12.74 trillion, up around 8.5% from the previous year of Rp 11.74 trillion.

Most of TOWR's revenue in 2024 came from PT Indosat Tbk (ISAT), with a contribution of Rp4.40 trillion or 35% of total revenue. Followed by revenue from PT XL Axiata Tbk (EXCL) of Rp4.03 trillion (32%) and PT Telekomunikasi Selular Rp1.51 trillion equivalent (12%).

In line with the increase in revenue, TOWR's gross profit increased by 5.42% to Rp8.73 trillion. Meanwhile, cost of revenue also increased by 13.28% to IDR 3.99 trillion.

According to IDNFinancials.com's data, TOWR has total assets of IDR77.82 trillion until the end of 2024. Meanwhile, its total equity was IDR 19.16 trillion. (DH/KR/LM)