Sarana Menara Nusantara Ownership

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

Recent Insider Transactions

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 TOWR?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,099,173,890	2.2%
Institutions	4,519,471,065	9.03%
General Public	9,426,755,780	18.8%
Private Companies	34,991,332,611	69.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 80.64% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
53.5%	PT Djarum	26,764,246,165	Rp17.0t	-3.6%	no data
8.49%	PT Dwimuria Investama Andalan	4,247,101,900	Rp2.7t	30.8%	no data
4.23%	Pt. Lingkarmulia Indah	2,114,750,846	Rp1.3t	0%	no data
2.16%	Djs Ketenagakerjaan Program Jht	1,079,520,500	Rp685.5b	0%	no data
1.78%	SIX Group AG, Asset Management Arm	891,631,800	Rp566.2b	0%	6.36%
1.67%	I. R. Adisusanto	834,898,500	Rp530.2b	0%	no data
1.18%	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	590,265,540	Rp374.8b	0%	no data
1.02%	The Vanguard Group, Inc.	509,109,799	Rp323.3b	0%	no data
0.7%	Kayne Anderson Rudnick Investment Management, LLC	347,996,000	Rp221.0b	0%	0.03%
0.65%	Brookfield Corporation	323,008,900	Rp205.1b	0%	0.01%
0.6%	Djs Ketenagakerjaan Program Jp	298,169,700	Rp189.3b	0%	no data
0.56%	Gamsen Limited	280,752,100	Rp178.3b	0%	no data
0.51%	Eastspring Investments (Singapore) Limited	252,978,705	Rp160.6b	0%	0.04%
0.48%	Ario Wibisono	241,655,800	Rp153.5b	0%	no data
0.42%	BlackRock, Inc.	210,586,000	Rp133.7b	0%	no data
0.42%	Dimensional Fund Advisors LP	210,379,694	Rp133.6b	-0.28%	no data
0.41%	Time Assets Investments Limited	206,791,400	Rp131.3b	0%	no data
0.4%	T. Rowe Price Group, Inc.	201,328,200	Rp127.8b	0%	no data
0.35%	Harris Associates L.P.	172,922,800	Rp109.8b	0%	0.01%
0.3%	Jackson National Asset Management, LLC	151,878,937	Rp96.4b	1.53%	0.06%
0.29%	Aberdeen Group Plc	146,535,700	Rp93.1b	1.01%	no data
0.24%	Mirae Asset Global Investments Co., Ltd.	119,577,861	Rp75.9b	9.28%	no data
0.15%	American Century Investment Management Inc	76,205,100	Rp48.4b	24.8%	no data
0.087%	BNY Asset Management	43,630,800	Rp27.7b	-0.73%	no data
0.07%	Harding Loevner LP	34,824,698	Rp22.1b	-19.1%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/04 12:40
End of Day Share Price	2025/08/04 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 Sarana Menara Nusantara Tbk. is covered by 28 analysts. 13 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
Kunal Vora	BNP Paribas Securities (Asia)
Bob Setiadi	CGS International
Arthur Pineda	Citigroup Inc