The Tuas Ltd (ASX: TUA) share price is in focus today after the company revealed a 24% revenue boost to S$187.6 million and an underlying EBITDA of S$83.7 million for FY26.
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What did Tuas report?
- Revenue up 24% over FY25 to S$187.6 million
- Underlying EBITDA increased 22% to S$83.7 million
- Statutory NPAT improved to S$26.0 million (underlying NPAT: S$29.6 million)
- Strong subscriber growth: mobile users rose to 1.46 million, broadband to 62,000
- Year-end cash and term deposits of S$498.8 million
What else do investors need to know?
Tuas Limited continues to focus on network investments, supporting rapid subscriber growth and expanding its 5G coverage. The company also upgraded its core mobile network and introduced new broadband packages, including a 10Gbps business offer.
The proposed acquisition of M1 was not completed, as it lapsed following regulatory delays and subsequent investigation into the Singapore telco sector's cyber security. Tuas' subsidiary, SIMBA, remains fully compliant with regulatory standards and is cooperating with authorities.
What's next for Tuas?
Looking ahead, Tuas intends to drive further revenue growth by leveraging SIMBA's expanding network and product innovation. Planned capital expenditure on mobile and broadband infrastructure is set at S$50–55 million for FY27.
With an added focus on cybersecurity, Tuas expects to invest S$15–30 million in meeting enhanced requirements. The business remains alert for regulatory updates and is positioned to adapt its strategy as needed.
Tuas share price snapshot
Over the past 12 months, Tuas shares have declined 68%, trailing the S&P/ASX 200 Index (ASX: XJO), which has fallen 1% over the same period.
