JAKARTA – PT Mora Telematika Indonesia Tbk (MORA) plans to allocate over IDR 1 trillion in capital expenditure (capex) in 2025.

Genta Andhika Putra, Deputy Director of MORA, stated that nearly 90% of the company’s capex funding will be sourced externally, namely through bank loans, while only 10% will come from internal financing.

“This year, the company has already secured financing from one of the banks in Indonesia, so we will utilise that for the time being,” he said during a public presentation on Thursday (5/6).

Genta added that the capex will be used for backbone network development and the completion of the new Jakarta-Batam-Singapore cable network, which is targeted for completion in 2025.

Through this expansion, the company aims to increase its coverage capacity by up to 20 terabytes (TB).

“With such large capacity, the company will be able to serve all customers requiring high-capacity networks,” he said.

This capex focus has also led MORA to decide against distributing dividends from the 2024 financial year. “The company cannot stop investing in capex. If you look at the history, the company has always allocated capex,” he added.

As of Thursday’s (5/6) trading session, MORA’s share price rose 4.83% from IDR 414 to IDR 434 per share. Over the past five days, MORA shares have climbed 4.33%, although over the past month, the increase has been a modest 1.40%. (DK/ZH)