Tuas Ltd. Reports Strong Growth Amidst Challenges
Tuas Ltd. reported a 29% revenue increase to $151.3 million for FY '25, alongside an 8% rise in EBITDA to $68.4 million and a net profit turnaround to $6.9 million. Subscriber growth included a 19% rise in mobile subscribers to 1.254 million. However, challenges include declining gross margins, slower broadband growth, and ARPU pressures. The company announced a strategic acquisition of M1 Limited for SGD 1.43 billion, aiming for enhanced market position. Despite challenges, Tuas Ltd. projects continued growth and profitability for FY 2025, focusing on margin optimization and disciplined cash management.
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