Singtel booked a robust underlying net profit of S$686m (+14 y-o-y) thanks to EBIT improvements from Optus and NCS and higher associate earnings from Airtel and AIS.
Robust underlying earnings momentum.
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As a result of the group’s ongoing cost-saving initiatives, 1QFY26 EBITDA for Optus and NCS grew by 9% y-o-y and 15% y-o-y on a constant currency basis. Amid market repair and bundling strategies across regional markets, pre-tax contributions from regional associates surged 23% y-o-y on a constant currency basis, reflecting strong performances from Advanced Info Service (AIS) and Airtel.
Optus: Strong mobile performance.
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Both postpaid and prepaid ARPU maintained at A$48/month (4QFY25: A$48/month) and A$19/month (4QFY25: A$19/month) respectively, but postpaid subscribers saw a 21,000 q-o-q decline while prepaid subscribers grew slightly at 1,000 customers q-o-q.
Singapore: Mobile service revenue under pressure.
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Above is an excerpt from a report by UOB Kay Hian Research. Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
