PT Telekomunikasi Indonesia’s U.S.-listed ADRs (TLK) are under pressure as the market digests a March 10, 2026 Form 6-K that says the company concluded—after discussions with its Audit Committee—that it should not rely on certain previously issued annual consolidated financial statements related to accounting policies for property and equipment. The same filing also provides an update on an internal investigation into legacy matters and notes that U.S. Securities and Exchange Commission and Department of Justice investigations remain ongoing. (telkom.co.id)

A non-reliance statement can raise the perceived risk of delayed filings, added audit work, or future adjustments, even when ultimate cash-flow impact is unclear. In the 6-K, Telkom highlights a material weakness context and lays out remediation steps including strengthening accounting/reporting capacity, engaging technical accounting support, and enhancing governance oversight—moves that can take time to demonstrate results and often keep sentiment cautious. (telkom.co.id)

Key near-term catalysts are any follow-on disclosures clarifying whether changes will be restatements versus reclassifications, the anticipated timing of the company’s Annual Report on Form 20-F for the year ended December 31, 2025, and any developments tied to the ongoing SEC and DOJ investigations. Investors will also monitor whether the company reports any additional errors or expands the scope of impacted periods. (telkom.co.id)