• FY25 was a milestone year for delivery of TPG's strategy
• Mobile subscriber growth, cost control, and capital management drove strong results
• Continued focus on customer wellbeing and engagement with industry regulation

TPG Telecom reported a strong set of results for the full year ended 31 December 2025, with the company positioning itself well for the year ahead. Key highlights include:- FY25 was a milestone year for the delivery of TPG's strategy, with achievements including regional network sharing, the sale of the EGW Fixed operations, and ongoing capital management.- Mobile performance was strong, with subscriber growth, ARPU gains, and improved network benchmarking driving a 4.2% increase in Mobile Service Revenue.- Home Broadband maintained a strong margin profile despite a highly competitive NBN market, with a shift towards higher-margin 5G Fixed Wireless.- The company implemented the first year of its new three-year Customer Wellbeing plan, focused on supporting vulnerable customers, and continued to engage with industry regulators on key issues like spectrum and emergency services.- Financial performance was robust, with EBITDA (Guidance basis, Pro Forma) up 2.0% to $1,637 million and Underlying NPATA (Pro Forma) increasing to $69 million. Free Cash Flow to Equity reached $5,751 million, boosted by the sale of handset receivables and lower capital expenditure.- The balance sheet was transformed, with $2.7 billion in bank borrowings repaid and a continued focus on cost management to drive operating leverage.Overall, TPG Telecom delivered a strong set of results in FY25, positioning the company well for the year ahead.

TPG Telecom is expecting an increase in EBITDA in FY26, driven by continued growth in Mobile Service Revenue and ongoing operating cost discipline.

TPG Telecom is focused on maintaining its momentum in FY26, with further improvements in customer experience, network performance, and financial metrics. The company remains engaged with industry regulators to ensure a supportive policy environment for continued investment in connectivity.