Digital Synergy Solution Revenue And Profit Increases By Hundreds Of Percent

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Solusi Sinergi Digital Tbk (WIFI) recorded an impressive financial performance for nine months ending on September 30, 2025. The company showed significant growth in revenue, profit, and total assets, driven by aggressive expansion in the telecommunications sector. Issuers who are on the rise with the people's internet book that net operating income increased 100.99 percent to Rp1.01 trillion, from the previous Rp504.95 billion.

Referring to WIFI's financial report data submitted on the IDX website, Friday, December 12, it was stated that the company was able to control the cost of revenue at Rp325.42 billion. So that gross profit as of September 2025, rose to 124.16 percent to Rp689.48 billion from the previous Rp307.58 billion in the same period in 2024.

The Telecommunication segment jumped to the dominant of IDR 739.44 billion, accounting for 72.77 percent of total revenue (before the discount). Revenue from this segment also showed a significant increase compared to the same period the previous year. The rest contributed from the advertising segment of IDR 276.67 billion or the equivalent of 27.23 percent.

The company controls general and administrative expenses at Rp155.42 billion. Interestingly, the company posted other incomes of Rp40.18 billion. So that WIFI's operating profit as of September 30, 2025 rose 127.18 percent to Rp574.24 billion compared to the same period the previous year of Rp252.77 billion.

This year the company posted a financial income of IDR 40.21 billion, while last year the post was only recorded at IDR 446 million. With a financial cost of IDR 204.59 billion. So the profit before WIFI's income tax as of September 30, 2025 was IDR 409.85 billion, grew 127.77 percent from IDR 179.94 billion last year.

For Surge's contribution to the state in the form of net income tax expense for this period, it increased significantly to Rp79.67 billion. With these various records, net profit for the current period on September 30, 2025, WIFI experienced a jump to a percent increase to Rp330.18 billion, up 108.13 percent from the same period in 2024 of only Rp158.64 billion.

From that profit, it can be seen that net profit for the period attributable to owners of the parent entity jumped 71.03 percent to Rp260.09 billion from only Rp152.07 billion. Net profit for the period attributable to non-controllers also increased to Rp70.09 billion from only Rp6.56 billion. Thus, the basic profit per share of WIFI this period reached Rp105.54 per share, up much when compared to last year's period which was only Rp64.54 per basic share.

WIFI's total assets jumped by 331.32 percent to IDR 12.54 trillion on September 30, 2025, a significant increase from the period 31 December 2024 which was only IDR 2.907 trillion. Group equity experienced a significant increase of 749.90% from IDR 969.84 billion to IDR 8.18 trillion. This increase caused the proportion of equity to total assets to reach 65.28 percent, signaling a strong capital structure.

Total Liability also increased by 124.69 percent to IDR 4.35 trillion, but the portion of liabilities in asset funding was 34.72%. The rating ratio (Gearing Ratio) as of September 30, 2025 was at a negative level, namely (0.17), indicating a lower net liabilities position compared to cash and cash equivalents.

The decline in the share price of PT Solusi Sinergi Digital Tbk (WIFI) has been in the spotlight. However, the WIFI Board of Directors emphasized that this correction should not be misinterpreted as a decrease in business fundamentals, but rather as a temporary market adjustment due to changes in the capital structure that supports the company's very aggressive expansion phase.

Berikut adalah pandangan strategis dari manajemen yang menjelaskan fenomena jangka pendek ini. Lonjakan Buruh Bunga: Investasi di Depan (Capex) Kunci penjelasannya terletak pada utang kasiban WIFI yang melonjak signifikan dari Rp600 Miliar menjadi Rp2.5 Triliun. Dana segar ini diberikan sepenuhnya untuk memperpanjangan, membuat total aset perusahaan meroket hingga Rp12.5 Triliun.

"The increase in interest expense as reflected in the 2025 Quarter III Loss Profit Report has indeed suppressed our net profit in the short term. However, it should be emphasized that this is a ' Growth Cost' (Cost of Growth), not a loss. This IDR 2.5 trillion fund is a productive working capital that we are planting in front to finalize the new network infrastructure. The market is reacting to the current profit pressure, but we believe this investment is the foundation for the 'market' revenue in the coming quarters, "said Shannedy Ong.

Global Validation Hasn't "Priced-In". WIFI's fundamental strength is increasingly being tested by the entry of the Japanese telecommunications giant, NTT East, as a shareholder in a subsidiary (IJE) in July 2025.

"The strategic partnership with NTT East is a long-term validation of WIFI's potential and asset quality," continued Shannedy. "Their entry only occurred at the beginning of Q3. Operating synergy, technology transfer, and network efficiency did not occur overnight. The market does not fully appreciate the valuation of this partnership because its impact on the bottom line takes 6 to 12 months of incubation time. This is a catalyst for future growth, not just a temporary injection of funds."

The WIFI Board of Directors invites investors to see a big picture. Current price correction reflects the wait-and-see attitude of investors waiting for evidence that the large interest expense of bonds can be converted into a commensurate revenue increase and ROE (Return on Equity).

"WIFI's stock corrections are currently a reasonable and short-term phenomenon, as we are in a very aggressive 'planting phase'. We have secured large funding, our assets are growing 4 times, and we are supported by global partners of the East NTT class. It is natural that profitability is slightly depressed in interest expense before the 'cost harvest' of this new network capacity begins. We ask investors to focus on the company's increasingly strong fundamentals and long-term prospects."