XLSmart raised 2026 capex to IDR 20 trillion: what it means for XLSmart stock

Published on 10/19/2026 at 00:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

XLSmart reached 96 percent network integration on October 16, 2026. For XLSmart stock, capex is IDR 20 trillion and value is IDR 33.0 trillion.

Network integration drives investment

Network integration reached 96 percent on October 16, 2026.
Average revenue per user rose 13 percent in the first half of 2026.
XLSmart had a market capitalization of IDR 33.0 trillion, with a 52-week range of IDR 1,815.00 to IDR 4,550.00 as of October 16, 2026.

XLSmart, US69369R1005, Illustration mit AI erstellt.

XLSmart (US69369R1005) had raised its 2026 capital expenditure budget to IDR 20 trillion by October 16, 2026, while post-merger network integration reached 96 percent, according to Investortrust. The company targets full integration by the end of 2026, putting execution and network investment at the center of the XLSmart stock story.

Three milestones reshape the story

On September 24, 2026, CNBC Indonesia reported that XLSmart's ARPU had risen 23 percent and revenue 26 percent year over year, while network integration stood at 92 percent. On October 15, 2026, Investortrust reported a 13 percent ARPU increase for the first half of 2026 and the IDR 20 trillion capital expenditure plan. On October 16, 2026, the same publication reported 96 percent network integration and a target of 101 cities for 5G expansion.

What does IDR 20 trillion mean?

The investment is aimed at expanding 5G service to 101 cities and districts by the end of 2026. XLSmart already had 5G coverage in more than 70 cities, supported by 15,000 base stations and population coverage of 23 percent in the first half of 2026, according to Investortrust. The company is using 700 MHz spectrum for coverage and 2.6 GHz spectrum for capacity, tying the spending plan to both reach and data traffic.

The operating picture improved in the second quarter of 2026. Revenue reached IDR 12,173,264 million, versus IDR 10,493,717 million a year earlier, while the net loss narrowed to IDR 277,220 million from IDR 1,608,086 million, according to Simply Wall St. Net margin improved from a loss of 15.3 percent to a loss of 2.3 percent, making profitability the key test for the enlarged network.

The integration test continues

XLSmart's last quoted price was IDR 1,815.00 on October 16, 2026 at 4:12 p.m. WIB on the Indonesia Stock Exchange. Its market capitalization was IDR 33.0 trillion, while the 52-week range ran from IDR 1,815.00 to IDR 4,550.00 on that date.