Singapore · Delayed Price · Currency is SGD Singapore Telecommunications Earnings Call Transcripts
Fiscal Year 2025
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EBIT growth remains strong, with high-single digit guidance reaffirmed and cost-out targets on track. Capital recycling and share buybacks support shareholder returns, while AI and data center expansion drive future growth. Dividend growth is targeted to be sustainable through operational improvements and disciplined capital management.
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Underlying net profit rose 6% year-over-year, with strong EBIT growth at Optus and NCS. Dividends increased 35%, and capital management remains a focus, with several projects planned to support future payouts.
Fiscal Year 2024
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Revised summary: A strategic reset streamlined operations, divested non-core assets, and focused on growth engines like data centers and IT services. Capital recycling and a new dividend policy improved returns. Over 75% of profits now come from outside Singapore, with ongoing efforts to engage stakeholders and manage risks.
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A major transformation has streamlined operations, unlocked SGD 8 billion via capital recycling, and launched new growth engines in IT and data centers. The ST28 strategy focuses on business performance, smart capital management, and a revised dividend policy, aiming for higher growth and dividends while addressing key risks and closing the valuation gap.
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Singtel28 strategy aims for sustained value through operational improvements, smart capital management, and growth in enterprise, 5G, and data centers. Financial guidance includes a 5.5%-6% dividend yield, high single-digit to low double-digit EBIT growth, and SGD 6 billion in asset recycling to fund dividends and investments.
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A strategic reset since 2021 has transformed the business, focusing on growth in data centers, IT services, and emerging markets. Asset recycling and private capital partnerships support sustainable dividend growth, with guidance for high single-digit to low double-digit EBIT growth. The ST28 initiative aims for consistent returns and innovation through 2028.
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A new growth strategy focuses on boosting earnings, improving capital returns, and leveraging private capital for expansion. The updated dividend policy introduces a recurring value realization dividend, raising total dividends by 52% this year.