Revenue distribution by sectors:

1. Telecommunication towers: approx. 75%
2. Fiber optic networks: approx. 15%
3. Other services: approx. 10%

TOP 3 markets and their percentage shares:

1. Indonesia: approx. 85%
2. Malaysia: approx. 10%
3. Philippines: approx. 5%

PT Sarana Menara Nusantara Tbk. generates the majority of its revenue from the rental of telecommunication towers, which is the core area of the company. The Indonesian market is by far the largest, as the company has its strongest presence here and the demand for telecommunication infrastructure in Indonesia remains high.

The expansion into neighboring markets such as Malaysia and the Philippines demonstrates the company's ambition to expand its market presence in the Southeast Asian region. These markets offer growth potential as the demand for improved telecommunication infrastructure in these countries is also increasing.

Production Sites: Indonesia

PT Sarana Menara Nusantara Tbk. (IDX:TOWR) is an Indonesian company specializing in the construction and operation of telecommunication towers. As the company's main business is providing infrastructure for mobile network operators, the "products" in this case are the telecommunication towers themselves.

These towers are erected in Indonesia, as the company primarily operates in this market. The strategic placement of the towers is done in various regions of the country to ensure optimal network coverage and capacity for mobile operators.

Revenue Growth: Estimated 10% annually (2026)

Investments in Infrastructure: Increase by 20% (2025)

PT Sarana Menara Nusantara Tbk. (IDX:TOWR) is pursuing a growth strategy that heavily focuses on expanding its infrastructure and increasing network capacity. The company plans to significantly increase its investments in expanding telecommunication towers and improving network technology.

Another strategic focus is on tapping into new markets and diversifying services to capitalize on the growing demand for digital connectivity in Indonesia and the region. This includes forming partnerships with mobile operators and integrating new technologies to enhance the efficiency and reach of their services.

Main Imported Materials: Steel, fiberglass, electronic components

Countries of Origin: China, South Korea, Japan

PT Sarana Menara Nusantara Tbk. (IDX:TOWR) is a leading telecommunications infrastructure company in Indonesia that mainly operates mobile phone towers. For the construction and maintenance of these towers, the company imports essential materials such as steel and fiberglass, which are crucial for the structure and data transmission.

China is one of the largest suppliers of steel and fiberglass, while South Korea and Japan supply high-quality electronic components necessary for the technical equipment of the telecommunications infrastructure. These imports are crucial to ensure the quality and reliability of the infrastructure.

Market Share: Approximately 30% (2026, estimated)
EBITDA Margin: 75% (2025)
Net Debt/EBITDA: 2.5x (2025)

PT Sarana Menara Nusantara Tbk. (TOWR) is one of the leading telecommunication tower operators in Indonesia. The company's competitive advantage lies in its extensive infrastructure and strategic positioning in a high-growth market. With an estimated market share of around 30% in 2026, TOWR has a significant presence secured by long-term lease agreements with major telecommunications providers.

The EBITDA margin of 75% in 2025 demonstrates the company's high efficiency and profitability, indicating strong cost control and high tower utilization. This margin is very competitive compared to international standards in the telecommunications sector.

Additionally, the net debt to EBITDA ratio of 2.5x in 2025 is moderate, providing the company with financial flexibility for future investments and expansions. TOWR's competitive advantage is further strengthened by the increasing demand for data transmission services and the ongoing digitalization in Indonesia.

Institutional Investor Ownership: 45% (estimated for 2026)
Insider Trades: No significant transactions reported (last 12 months)

The institutional investor ownership in PT Sarana Menara Nusantara Tbk. is estimated to be around 45%. This indicates a strong interest from institutional investors in the company, reflecting confidence in its long-term growth strategy and market position.

No significant insider buys or sells have been reported in the last 12 months. This could suggest that the management and other insiders are satisfied with the current company strategy and stock price. The lack of insider sales can also be seen as a positive signal, indicating confidence in the company's future development.

Market share of PT Sarana Menara Nusantara Tbk (TOWR): 25% (estimated for 2026)

Top competitors and their market shares:

1. PT Tower Bersama Infrastructure Tbk (TBIG): 22%
2. PT Dayamitra Telekomunikasi Tbk (Mitratel): 20%
3. PT Solusi Tunas Pratama Tbk (SUPR): 15%
4. PT XL Axiata Tbk (EXCL): 10%
5. PT Indosat Ooredoo Hutchison Tbk (ISAT): 8%

Moat of PT Sarana Menara Nusantara Tbk (TOWR):

PT Sarana Menara Nusantara Tbk (TOWR) has a significant moat due to its extensive infrastructure and widespread network of telecommunication towers in Indonesia. This infrastructure provides the company with a competitive advantage as building a comparable network requires substantial investments and time.

Compared to its competitors, TOWR has a slight advantage due to its size and market presence. However, companies like PT Tower Bersama Infrastructure Tbk (TBIG) and PT Dayamitra Telekomunikasi Tbk (Mitratel) are also strongly positioned and continuously invest in expanding their infrastructure, intensifying the competition.

Therefore, TOWR's moat is significant but not insurmountable, as the competition also has strong financial resources and strategic partnerships. The market remains dynamic, and the competition for market share is intense.

Revenue Growth: 8.5% (2025) EBITDA Margin: 75% (2025) Net Debt to Equity Ratio: 1.2 (2025)

PT Sarana Menara Nusantara Tbk. recorded a revenue growth of 8.5% in 2025, indicating stable demand for telecommunications infrastructure in Indonesia. The EBITDA margin of 75% demonstrates strong operational efficiency and the ability to generate high profits from revenues.

The net debt to equity ratio of 1.2 suggests that the company can manage its debts well in relation to its equity. This is particularly important in a capital-intensive industry like telecommunications, where investments in infrastructure are crucial.

Overall, the financial stability and continuous growth indicate that PT Sarana Menara Nusantara Tbk. could be a solid investment, especially for investors interested in long-term infrastructure projects. The strong market position and the ability to achieve high margins support this assessment.

Dividend Yield: 3.5% (estimated for 2026)
Dividend History: Regular payouts in recent years

PT Sarana Menara Nusantara Tbk. has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 3.5% for 2026, based on historical payouts and the company's current financial position.

The company has a solid dividend policy and demonstrates a reliable payout history, indicating a stable financial foundation and a sustainable business model. Therefore, investors can expect with some certainty the continuation of dividend payments in the near future.