Moratelindo Profits Surge as Sinarmas Infrastructure Giant Prepares for Blockbuster Merger

JAKARTA, Investortrust.id — PT Mora Telematika Indonesia Tbk (MORA), a dominant force in Indonesia’s fiber optic infrastructure, is entering its high-stakes merger with MyRepublic Indonesia on a high note. The company reported a significant spike in both revenue and bottom-line profit for the first quarter of 2026, proving its operational muscle just as it prepares to consolidate the Sinarmas Group’s digital assets.

This merger represents a massive consolidation play by PT Dian Swastatika Sentosa Tbk (DSSA), the energy and infrastructure arm of the billionaire Widjaja family’s Sinarmas empire. By combining MORA’s massive fiber backbone with MyRepublic’s "last-mile" consumer reach, the group is creating a vertically integrated telecom titan. For global investors, the pre-merger profit surge suggests that MORA is not just scaling, but doing so with disciplined margins, making it a formidable competitor to state-owned Telkom Indonesia.

Financial Momentum Accelerates

MORA’s revenue climbed to Rp 962.6 billion ($60.5 million) in the quarter ended March 31, up from Rp 895.4 billion during the same period last year. This steady top-line growth filtered directly down to the bottom line, with the company’s profit for the period surging to Rp 142.6 billion ($8.9 million) from Rp 111.03 billion a year ago.

Operating expenses remained impressively flat, rising only slightly to Rp 307.07 billion ($19.3 million). This cost discipline pushed operating profits to Rp 285.4 billion ($17.9 million), up from Rp 267.2 billion in the prior-year period.

Building the National Digital Backbone

The merger, which recently received the green light from an Extraordinary General Meeting of Shareholders (EGMS), aims to aggressively expand Indonesia’s digital footprint. Management views the union of Moratelindo and MyRepublic as a vital step in supporting the government’s agenda for equitable digital access across the archipelago's thousands of islands.

"This merger is a strategic step to create both financial and sustainable operational synergies," the Moratelindo management team stated in a performance release on Wednesday (4/22/2026), following an initial announcement on Friday (3/27/2026).

The company expects the combined entity to unlock massive value through "the optimization of operating costs, more efficient capital expenditure, and maximizing the capacity and network assets of both merging companies, from the backbone to the last mile," according to management's strategic filing.