• Strong Underlying EBITDA growth (up 27% on prior corresponding half year)
• Positive net cashflow for the half year
• Positive half year net profit after tax

Tuas Limited (ASX: TUA) has released its Appendix 4D and Interim Financial Report for the half year ended 31 January 2026. The company reported a 26% increase in revenue to S$91.9m and a 173% increase in statutory profit after income tax to S$8.2m compared to the prior corresponding period. Underlying EBITDA, which excludes non-recurring expenses, grew by 27% to S$42.1m. The company continued to report positive net cashflow, increasing its cash and term deposits by S$397.3m during the period, which included S$364.5m from the issue of share capital for the M1 acquisition. Tuas announced on 11 August 2025 that its subsidiary Simba had agreed to acquire M1, excluding its ICT business, subject to regulatory approvals. The Board considers the transaction to be transformative for Simba and the Singapore market.