• Interim dividend of 10.0 cents per share
• Mobile Gross Margin up 4.2%
• Subscriber growth driven by Digital First, MVNO and Business
• Enhanced network driving growth
• Consistently lower port-outs since MOCN launch

TPG Telecom Ltd announced its half-year results for the period ending 30 June 2026, highlighting significant growth in mobile subscribers, a 4.2% increase in mobile gross margin, and enhanced network coverage reaching 99% of the population. The company also reported lower port-outs since the launch of its Mobile On Contract Number (MOCN) and sustained growth from MVNO contracts with Zip, Swoop, and Spacetalk. TPG's performance was driven by disciplined operating expenses control, lower capital expenditures, and structural improvements including lower borrowings. The company expects continued growth in the second half of the year, supported by higher average revenue per user (ARPU) and further network improvements.

EBITDA (excluding material one-offs) $1,637m to $1,735m

TPG Telecom Ltd expects continued growth in the second half of the year, supported by higher ARPU and further network improvements. The company anticipates gross margin growth to exceed service revenue growth and expects to deliver $100m of operating cost efficiencies by FY29.