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
09 Mar 26	BuyRp3,869,994	Sanjay Kumar Gordhan Vaghasia	Individual	1,500	Rp2,580.00
06 Mar 26	BuyRp1,258,191,109	David Oses	Individual	466,000	Rp2,699.98
04 Mar 26	BuyRp8,369,953	Sanjay Kumar Gordhan Vaghasia	Individual	3,000	Rp2,789.98
23 Feb 26	BuyRp459,801,696	Yessie Yosetya	Individual	140,000	Rp3,290.01
13 Feb 26	BuyRp985,535,869	Yessie Yosetya	Individual	342,200	Rp2,880.00
30 Dec 25	BuyRp112,800,605	Yessie Yosetya	Individual	30,000	Rp3,760.02
22 Dec 25	BuyRp113,699,697	Yessie Yosetya	Individual	30,000	Rp3,789.99
19 Dec 25	BuyRp339,029,345	Yessie Yosetya	Individual	90,000	Rp3,776.75
15 Dec 25	BuyRp297,532,995	Yessie Yosetya	Individual	80,000	Rp3,783.41
10 Dec 25	BuyRp509,924,198	Yessie Yosetya	Individual	150,000	Rp3,710.01
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 Kumar Gordhan 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 Kumar Gordhan Vaghasia	Individual	150,000	Rp2,690.02

Insider Trading Volume

Insider Buying: Insufficient data to determine if 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	8,384,100	0.0461%
Institutions	644,866,603	3.54%
General Public	5,393,977,764	29.6%
Private Companies	5,838,917,116	32.1%
Public Companies	6,313,716,868	34.7%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 39.2%.

Top Shareholders

Top 25 shareholders own 70.3% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
34.7%	Axiata Group Berhad	6,313,716,868	Rp16.2t	0%	15.73%
24.6%	Bali Media Telekomunikasi PT	4,471,264,558	Rp11.4t	0%	no data
4.66%	PT Prima Mas Abadi	848,722,195	Rp2.2t	0%	no data
2.85%	PT Sinarmas Eka Makmur	518,109,471	Rp1.3t	0%	no data
1.07%	Vanguard Capital Management, LLC	194,105,292	Rp496.9b	3.82%	no data
0.83%	Norges Bank Investment Management	150,312,266	Rp384.8b	0%	no data
0.63%	BlackRock, Inc.	114,294,675	Rp292.6b	14.1%	no data
0.63%	Dimensional Fund Advisors LP	114,208,052	Rp292.4b	-3.48%	no data
0.069%	American Century Investment Management Inc	12,489,233	Rp32.0b	1.09%	no data
0.041%	Fidelity International Ltd	7,529,400	Rp19.3b	0%	no data
0.032%	Geode Capital Management, LLC	5,779,791	Rp14.8b	84%	no data
0.028%	Charles Schwab Investment Management, Inc.	5,056,332	Rp12.9b	-0.6%	no data
0.027%	David Oses	5,000,000	Rp12.8b	0%	no data
0.027%	Empowered Funds, LLC	4,887,580	Rp12.5b	0%	0.01%
0.023%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	4,107,900	Rp10.5b	0%	no data
0.022%	ALPS Advisors, Inc.	4,040,300	Rp10.3b	16.6%	no data
0.015%	Asset Management One Co., Ltd.	2,771,300	Rp7.1b	0%	no data
0.015%	The Vanguard Group, Inc.	2,723,137	Rp7.0b	4.19%	no data
0.014%	State Street Investment Management	2,611,232	Rp6.7b	0%	no data
0.013%	Yessie Yosetya	2,411,900	Rp6.2b	1.26%	no data
0.013%	Van Eck Associates Corporation	2,390,375	Rp6.1b	37.7%	no data
0.012%	Nord Est Asset Management S.A.	2,200,000	Rp5.6b	0%	0.01%
0.012%	BNPP Asset Management Holding	2,193,100	Rp5.6b	0%	no data
0.012%	JP Morgan Asset Management	2,155,600	Rp5.5b	-8.22%	no data
0.012%	AXA Investment Managers Asia Ltd.	2,130,400	Rp5.5b	0%	0.14%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/12 17:28
End of Day Share Price	2026/08/12 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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 32 analysts. 21 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
Sukriti Bansal	BofA Global Research
Yu Jie Lo	BofA Global Research