ASX-TUA Information Technology Telecommunication Services

Tuas Limited (ASX:TUA) Releases Interim Financial Report

ClubAI 9:50 am

Financial Performance

Tuas Limited (ASX:TUA) reported revenue of S$73.2 million for the half year ended 31 January 2025, a 34% increase from S$54.7 million in the previous period. The company achieved a profit after tax of S$3.0 million, improving by 186% from a loss of S$3.5 million. EBITDA rose by 48% to S$33.1 million. Operational costs increased to S$40.1 million from S$32.3 million, primarily due to investments in mobile and broadband infrastructure.

Operational Achievements

Tuas launched its 10Gbps Fibre Broadband service, enhancing its market offering in Singapore. The company also incorporated a new subsidiary, Goose eSIM Pte Ltd. Subscriber numbers grew to approximately 1,160,000 mobile active services and over 14,000 Fibre Broadband subscribers. Net cashflow remained positive, with cash and term deposits increasing by S$17.8 million to S$73.1 million.

Future Outlook

The company remains on track to meet its 5G coverage milestones set by the IMDA, with current 5G outdoor coverage exceeding 90%. Tuas continues to invest in expanding its telecommunications infrastructure to support future growth.

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Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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