TeleChoice International - Phillip Securities 2026-03-12: Growth Intact

• TeleChoice (SGX:T41)'s FY25 results were within expectations. Revenue/PATMI were 105%/103% 80% of our forecast. Revenue expanded 27% y-o-y to S$276mil, supported by U-Mobile 4PL services. Adj. PATMI grew at a slower 20% y-o-y to S$4.4mil due to lumpy inventory provisioning. FY25 dividends more than tripled to 0.45 cents.
• - Read this at SGinvestors.io -

The Positive

Strong growth in PCS.

• - Read this at SGinvestors.io -

The Negative

Higher inventory provisions.

• There was a spike in inventory write-down or a S$2.5mil increase to S$3.8mil. We believe it is a general inventory provisioning rather than actual obsolescence. Provisioning was due to a S$11mil y-o-y rise in inventory in FY25 (FY24: S$9.3mil).

Outlook

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2025-11-20 TeleChoice International - 568% Earnings Jump, Growth In All Segments.

Price targets by other brokers at TeleChoice Target Prices.

Listing of research reports at TeleChoice Analyst Reports.

Relevant links:
TeleChoice Share Price History,
TeleChoice Announcements,
TeleChoice Dividend Payout Dates & Corporate Actions,
TeleChoice News