Tuas Ltd Releases Annual Report for FY26
Key points
- Revenue grew by 24% to S$187.6m
- Statutory profit after tax surged 277% to S$25.99m
- Active mobile services increased to 1.458m
- No dividends declared for FY26
- M1 acquisition lapsed due to regulatory issues
Full summary
Tuas Ltd has released its Annual Report for the financial year ended 31 July 2026, reporting robust financial performance. Revenue increased by 24% to S$187.6 million, while statutory profit after tax surged by 277% to S$25.99 million. The company's mobile services grew to 1.458 million active users, and its fiber broadband business reached approximately 62,000 subscribers. Despite a failed acquisition attempt of M1 Limited due to regulatory issues, Tuas Ltd remains focused on growing its business through innovation and network expansion.
Outlook
The company expects to grow EBITDA by introducing innovative products in FY27, with anticipated capital and operating expenditures of S$15-S$30m.
Summary generated by a large language model. Please interpret with care.