XLSMART Telecom Sejahtera Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

IDX:EXCL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
30 Sep 25	BuyRp1,325,006,690	David Oses	Individual	500,000	Rp2,650.01
23 Sep 25	BuyRp1,075,999,380	Yessie Yosetya	Individual	400,000	Rp2,730.00
15 Sep 25	BuyRp861,466,090	David Oses	Individual	333,900	Rp2,580.01
12 Sep 25	BuyRp5,405,597,100	David Oses	Individual	2,080,300	Rp2,618.40
11 Sep 25	BuyRp1,885,954,223	Yessie Yosetya	Individual	727,600	Rp2,593.68
09 Sep 25	BuyRp387,001,007	Sanjay Vaghasia	Individual	150,000	Rp2,580.01
09 Sep 25	BuyRp4,179,094,877	David Oses	Individual	1,619,800	Rp2,580.01
29 Aug 25	BuyRp403,503,338	Sanjay Vaghasia	Individual	150,000	Rp2,690.02
30 Jun 25	SellRp1,163,942,108	Andrijanto Muljono	Individual	539,800	Rp2,240.01
18 Dec 24	SellRp457,998,632	I. Darmayusa	Individual	200,000	Rp2,289.99

Insider Trading Volume

Insider Buying: EXCL insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of EXCL?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	16,103,301	0.0941%
Institutions	639,387,859	3.74%
General Public	4,297,881,412	25.1%
Private Companies	5,838,096,224	34.1%
Public Companies	6,313,716,868	36.9%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 30.9%.

Top Shareholders

Top 25 shareholders own 74.83% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
36.9%	Axiata Group Berhad	6,313,716,868	Rp16.3t	0%	15.71%
26.1%	PT Infinity Investama	4,471,264,558	Rp11.5t	0%	no data
4.96%	PT Prima Mas Abadi	848,722,195	Rp2.2t	0%	no data
3.03%	PT Sinarmas Eka Makmur	518,109,471	Rp1.3t	0%	no data
1.06%	The Vanguard Group, Inc.	180,968,787	Rp466.9b	1.08%	no data
0.74%	Norges Bank Investment Management	126,933,695	Rp327.5b	-45.6%	no data
0.72%	Dimensional Fund Advisors LP	123,034,205	Rp317.4b	-0.25%	no data
0.54%	BlackRock, Inc.	92,068,175	Rp237.5b	4.28%	no data
0.24%	Fidelity International Ltd	40,570,000	Rp104.7b	0%	no data
0.076%	Niche Asset Management Limited	12,999,904	Rp33.5b	0%	0.18%
0.06%	American Century Investment Management Inc	10,286,054	Rp26.5b	12.1%	no data
0.057%	Dian Siswarini	9,764,622	Rp25.2b	0%	no data
0.046%	State Street Global Advisors, Inc.	7,843,229	Rp20.2b	4%	no data
0.036%	RAM Active Investments S.A.	6,237,411	Rp16.1b	0%	0.09%
0.03%	Lazard Asset Management LLC	5,162,300	Rp13.3b	0%	no data
0.03%	Charles Schwab Investment Management, Inc.	5,079,379	Rp13.1b	0%	no data
0.028%	BNY Asset Management	4,802,100	Rp12.4b	-7.56%	no data
0.027%	David Oses	4,534,000	Rp11.7b	0%	no data
0.024%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	4,107,900	Rp10.6b	0%	no data
0.018%	Geode Capital Management, LLC	3,007,624	Rp7.8b	0.21%	no data
0.017%	Eastspring Investments (Singapore) Limited	2,849,300	Rp7.4b	0%	no data
0.014%	JP Morgan Asset Management	2,431,600	Rp6.3b	-3.33%	no data
0.011%	Van Eck Associates Corporation	1,801,975	Rp4.6b	-11.1%	no data
0.0094%	Legal & General Investment Management Limited	1,603,862	Rp4.1b	0%	no data
0.0083%	Ashmore Investment Management Limited	1,420,192	Rp3.7b	0%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/09 06:13
End of Day Share Price	2025/10/09 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PT XLSMART Telecom Sejahtera Tbk is covered by 46 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anand Ramachandran	Barclays
Choong Chen Foong	BNP Paribas Securities (Asia)
Sukriti Bansal	BofA Global Research