• Revenue grew 29% year-on-year to S$151.3m
• EBITDA rose 38% to S$68.4m
• Active mobile services increased from 1,053,000 to 1,254,000
• Fibre broadband business closed the year with 25,600 subscribers

Tuas Limited, the parent company of Simba Telecom, reported a strong performance for the financial year ended 31 July 2025. Revenue grew by 29% year-on-year to S$151.3 million, while profit before interest, tax, depreciation and amortisation (EBITDA) rose by 38% to S$68.4 million. The company's mobile business continued to deliver robust growth, with active mobile services increasing from 1,053,000 at the end of FY2024 to 1,254,000 as at 31 July 2025. The fibre broadband business also gained traction, closing the year with 25,600 subscribers. A key milestone was reached in August 2025 when Tuas announced the signing of a share purchase agreement with Keppel companies to acquire M1, excluding its ICT business. This strategic transaction is subject to regulatory approvals and is expected to position Tuas for future growth and scale. The company expects Simba (without M1) to incur capital expenditure of approximately S$45 million to S$55 million for the financial year ending 31 July 2026, including investments in 5G and fibre broadband. The board remains focused on successfully integrating the two businesses and leveraging the strengths of both networks to provide an improved experience for all customers.

Tuas expects Simba (without M1) to incur capital expenditure of approximately S$45 million to S$55 million for the financial year ending 31 July 2026, including investments in 5G and fibre broadband.

If the M1 acquisition transaction completes, there will be a high degree of focus on successful integration of the two businesses, including by taking the strengths of the two networks to provide improved experience for all customers. Simba will continue to be focused on growing its share of the home broadband market, which is expected to yield additional revenues for the business.