• Pro Forma EBITDA guidance for FY25 between $1,605 million and $1,655 million
• Pro Forma cash capital expenditure, excluding spectrum payments, to be approximately $790 million
• Includes $20 million investment in low-earth-orbit satellite (LEOsat) project

TPG Telecom Limited (ASX: TPG) has released Pro Forma historical financial information for the financial years ended 31 December 2023 (FY23) and 2024 (FY24) and the six months ended 30 June 2024 (1H24), and market guidance for the financial year ending 31 December 2025 (FY25). This follows the completion of the sale of TPG's fibre network infrastructure assets and Enterprise, Government and Wholesale (EGW) fixed business to Vocus Group Limited (Vocus Transaction) on 31 July 2025. The Pro Forma Basis shows the Company's performance excluding the contribution of the assets sold to Vocus (Discontinued Operations) and including the notional impact of commercial arrangements arising from the Vocus Transaction in all periods. TPG's updated FY25 Pro Forma guidance includes Pro Forma EBITDA to be between $1,605 million and $1,655 million, and Pro Forma cash capital expenditure, excluding spectrum payments, to be approximately $790 million. This includes approximately $20 million of investment to develop infrastructure to support a low-earth-orbit satellite (LEOsat) project in line with TPG's objective to deliver coverage in remote and regional Australia, and additional investment in IT systems for EGW Mobile post the Vocus Transaction.

Pro Forma EBITDA to be between $1,605 million and $1,655 million for the financial year ending 31 December 2025 (FY25). Pro Forma cash capital expenditure, excluding spectrum payments, to be approximately $790 million for FY25.