Hi everyone, I'm pleased to be here to share with you some of the key highlights of our performance in 2024 and the progress of our merger so far. I'm pleased to report that the company has achieved significant milestones in the second year of our merger integration, while at the same time keeping an overall stable financial and operating performance. We are growing in three out of five of our major business operations, mainly in the postpaid, home and fibre, and enterprise solutions, and we are seeing turnarounds of our other businesses, especially in prepaid and the enterprise mobile in the fourth quarter of last year. This is all very exciting for us, and we look forward to continuing with our strategy of long-term profitable growth in the market. Our reported profit for 2024 is impacted, however, due to a couple of one-off merger-related costs.
This is firstly due to the VSS that we held in the first quarter of last year, and in the fourth quarter, with the non-cash, non-recurring impairment on the right- of- use of our towers. Without this one-off non-cash financial adjustment, our full year underlying PAT would have rendered a respectable growth, which is driven by the synergy realization and also our best practice of operational excellence across the company. We are also seeing that major integration efforts are ahead of plan, especially in the areas of network, retail, changing of some of the operating models, and also the people integration. The network integration and modernization stood more than 75% completed at the end of last year. I reported that we have more than 50 different IT domains that need to be integrated, and these are progressing very well.
And we have actually completed 20 of them, and about 19 + more are undergoing. We transformed our new retail outlet into a new device-centric outlet to serve our customers, to give a better experience to our customers. And as of last year, 48 of these stores are now refreshed. We have also refreshed our product portfolio across all sectors, and now we are going to market as a single entity, as a single brand of CelcomDigi. We now look forward to a more robust and positive financial and market performance from 2025 onwards. A substantial part of the overall integration costs and the merger-related non-recurring financial accounting adjustments are now behind us. The company now looks forward to a more robust and positive financial and market performance in 2025 and beyond. We will continue to focus on four areas.
First is about strengthening our market leadership across all businesses and creating a path for long-term profitable growth. Second is about growing our revenue by monetizing our base through the value-added services. Third is about driving operational excellence through cost structure optimization and also operating model changes. And last but not least, we will continue to invest for the future in building new capabilities, mainly through technology partnerships and also selected investments in new areas. To all our shareholders, we remain committed to our dividend policy, which is to distribute a minimum of 80% of our PAT, of course, subject to the availability of our free cash flow and distributable reserves, and this is to be paid quarterly. I would like to take this opportunity to thank all our stakeholders. To all our customers, thank you for your trust in CelcomDigi to serve all your communications needs.
To our partners, thank you for working with us hand in hand in serving the market. To all our investors, your belief and your confidence in us and our future. To all the governments and the regulators for keeping a vibrant and conducive business environment for us to operate in, and last but not least, to all CDzens across the country for your continued dedication and hard work in serving our customers. With that, thank you, and I will see you next quarter.