Telkom Indonesia Delays 2025 Annual U.S. Filing

PT Telekomunikasi Indonesia Tbk ( (TLK) ) has released a notification of late filing.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk has filed a Form 12b-25 to notify investors of a delay in submitting its Annual Report on Form 20-F (Yearly Report) for the financial year ended December 31, 2025. The company’s filing for this period, which covers its full-year 2025 results, will not be made by the original SEC deadline.

The main reason for the delay is an in-depth review of how certain telecommunications infrastructure assets are accounted for, particularly drop cable assets and the “last mile to the customers” classification. Management has concluded that the treatment of these items represents a change in accounting policy rather than a simple correction.

These new accounting policies will be applied retrospectively in the 2025 Form 20-F (Yearly Report), forcing Telkom Indonesia to restate and adjust comparative figures for the financial years ended December 31, 2023 and 2024. This retrospective approach requires additional work on the financial statements, disclosures, and related audit procedures.

As a result, the company states that it needs more time to finalize its financial statements and related notes before it can complete the 2025 Form 20-F (Yearly Report). The delay is presented as necessary to avoid unreasonable effort and expense while ensuring that all numbers reflect the revised accounting policies.

Telkom Indonesia has indicated that it currently intends to file the 2025 Form 20-F (Yearly Report) on or before May 15, 2026, which is the fifteenth calendar day after the original due date under SEC rules. However, the company cautions that there is no guarantee it can meet this extended deadline, signaling some residual timing risk for investors.

The company also confirms that all other required periodic SEC reports over the past 12 months have been filed on time. Nonetheless, it expects significant changes in its results of operations compared with the prior year, driven by the retrospective application of the new accounting policies to 2023 and 2024 figures.

At this stage, Telkom Indonesia says it cannot provide a reliable quantitative estimate of how its earnings and other metrics will change for the affected years. The impact will only become clear once management completes its analysis and the external auditors finish their related procedures, leaving investors without hard numbers for now.

The company includes a standard cautionary note that its statements about expected timing, retrospective adjustments, and the impact on historical financial information are forward-looking and subject to risks and uncertainties. It reminds investors that actual outcomes may differ materially from current expectations and points them to existing risk factor disclosures in prior annual reports.

To demonstrate ongoing compliance, Telkom Indonesia affirms that it is working to complete the revised financial statements and disclosures in line with SEC requirements. The notification is signed on behalf of the company by SVP Corporate Secretary Jati Widagdo, dated April 30, 2026, formally acknowledging responsibility for the delayed filing and the planned remediation steps.

Spark’s Take on TLK Stock

According to Spark, TipRanks’ AI Analyst, TLK is a Outperform.

The overall stock score of 75 reflects strong financial performance and technical indicators. The company’s robust cash flow and profitability are significant strengths, while the technical analysis indicates a positive market trend. The valuation is reasonable, with an attractive dividend yield. However, the decline in revenue growth is a concern that could impact long-term performance.

To see Spark’s full report on TLK stock, click here.

More about PT Telekomunikasi Indonesia Tbk

Average Trading Volume: 789,787

Technical Sentiment Signal: Sell

Current Market Cap: $16.37B

See more data about TLK stock on TipRanks’ Stock Analysis page.