TPG Telecom Limited (TPG.AX), an Australian telecom company, on Friday reported a net income for the full year, amidst increased revenue.
For fiscal 2025, the company recorded a net income of A$461 million, compared with a loss of A$107 million in the previous year. Net profit per share stood at 24.7 cents per share as against a loss of 5.8 cents per share a year ago. This net profit includes the gain on the sale of the fiber network assets and EGW Fixed operations, and earnings from those assets up to the sale date of July 31, 2025.
Profit from discontinued operations surged to A$409 million from A$33 million in the previous year.
Earnings from continuing operations were A$52 million, compared with a loss of A$140 million a year ago. These earnings reflect the absence of the prior year's impairment charges related to the decommissioning of sites of assets in preparation for the regional mobile network sharing arrangement.
Results from operating activities moved up to A$400 million from A$174 million in the previous year. Earnings before interest, tax, depreciation, and amortization from continuing operations were A$1.660 billion, higher than A$1.402 billion last year.
Depreciation and amortization expense stood at A$1.260 billion as against last year's A$1.228 billion. Impairments and other charges were A$000 million, compared with A$250 million a year ago.
Net assets per security declined to A$4.42 from the prior year's A$6.01 per security.
Net assets were A$8.671 billion, down from A$11.173 billion a year ago. This decline was mainly due to the sale of the fiber network infrastructure assets and EGW Fixed operations, which reduced net assets by A$3.8 billion.
Revenue was A$5.041 billion, higher than A$4.905 billion in 2024. Service revenue improved to A$4.179 billion from last year's A$4.089 billion.
For fiscal 2025, the Board will pay a final ordinary dividend of 9 cents per share, taking the total annual ordinary dividend to 18 cents per share. The final ordinary dividend will be paid on April 2 to shareholders of record as of March 6.
Looking ahead, for fiscal 2026, the company expects EBITDA of A$1.665 billion to A$1.735 billion, up from $1.637 billion in fiscal 2025. "This reflects our expectation that we will continue to grow our Mobile business, while holding operating cost growth well below the rate of inflation, in line with our objective to reduce costs by A$100 million (in real terms, net of inflation) over the four years to FY29," the company said.
For fiscal 2026, capital expenditure, on an additions basis, is expected to be around A$750 million, down from $847 million in fiscal 2025.
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