Singapore · Delayed Price · Currency is SGD Singapore Telecommunications Earnings Call Transcripts
Fiscal Year 2025
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Underlying net profit rose 6% year-on-year, with strong EBIT growth at Optus and NCS. Dividends increased 35%, and capital management initiatives boosted Thai associate value by SGD 2.5 billion. Focus remains on executing the ST28 strategy.
Fiscal Year 2024
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A strategic reset since 2021 has streamlined operations, exited loss-making ventures, and focused on growth engines like data centers and IT services. Capital recycling and a new dividend policy have boosted returns and investor confidence, while partnerships and prudent risk management support expansion in 5G, broadband, and digital banking.
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A multi-year transformation has streamlined operations, unlocked SGD 8 billion in capital, and introduced new growth engines. The ST28 strategy aims for higher growth and dividends, supported by smart capital management and a revised dividend policy. Share price has surged 20% since the announcement, with further upside targeted.
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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 refocused on digital infrastructure, IT services, and capital recycling, with strong growth targeted in emerging markets and data centers. Dividend growth is prioritized through a programmatic value realization dividend and sustainable payout policy, while EBIT is guided to grow 8–13% this year.
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A new growth strategy focuses on execution, capital management, and sustainable dividends, including a revised policy with a value realization dividend. Operational improvements and sustainability are prioritized to enhance shareholder value and address share price concerns.