• Service Revenue growth of 2.2% led by Mobile
• EBITDA up 0.9% including initial costs of regional network expansion
• NPAT up strongly on EBITDA, lower financing costs, tax benefit
• Operating Free Cash Flow up 35% on lower capex and working capital impacts

TPG Telecom Limited reported its financial results for the half year ended 30 June 2025. Service Revenue grew 2.2%, led by the Mobile segment, while EBITDA increased 0.9% including the initial costs of the regional network expansion. NPAT increased strongly, driven by the higher EBITDA, lower financing costs, and an $8 million one-off tax benefit. The company delivered robust cash flow, with Operating Free Cash Flow up 35% on lower capital expenditure and improved working capital impacts. Mobile subscribers grew by 100,000, with the company seeing strong growth in its digital-first brands. In the Fixed business, Service Revenue and Gross Margin increased 0.7% and 0.6% respectively, despite industry-wide competition. The company announced a capital management plan, including a pro rata cash distribution of up to $3 billion and further debt repayments. The interim dividend was maintained at 9 cents per share, and the company is targeting an FY25 annual dividend of 18 cents per share, the same as FY24, with the intention to increase dividends over time in line with sustainable growth in profit and cash flow.

TPG Telecom is targeting FY25 annual dividend of 18 cents per share, the same as FY24.