Dialog delivers strong 1H 2025 performance

DIALOG Axiata PLC yesterday announced strong performance in the first half ended 30 June 2025.

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The Group delivered robust results across its Mobile, Fixed Line, Digital Pay Television, and Tele-infrastructure businesses, achieving 6% year-to-date (YTD) revenue growth to Rs. 87.4 billion in 1H 2025. This was despite the strategic scaling down of low-margin international wholesale business, amounting to approximately Rs. 10 billion. On a quarter-on-quarter (QoQ) basis, revenue increased 2% to Rs. 44.1 billion, driven primarily by data revenue expansion. Core revenue for the period reached Rs. 84.2 billion, up 21% YTD.

Group Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) recorded a growth of 50% YTD to Rs. 40.5 billion in 1H 2025, with QoQ EBITDA rising 5% to Rs. 20.8 billion.

The strong performance reflects both revenue growth and operational efficiencies. The EBITDA margin improved by 13.5 percentage points (pp) compared to 1H 2024, reaching 46.3%, surpassing the pre-crisis margin.

Group Net Profit After Tax (NPAT) was recorded at Rs. 9.2 billion in 1H 2025, more than doubling YTD. QoQ NPAT grew by 23% to Rs. 5.1 billion, supported by improved EBITDA and lower finance costs. In line with improved operational performance, Operating Free Cash Flow (OFCF) improved by 78% YTD to Rs. 22.1 billion.

At the entity level, Dialog Axiata PLC (Company) continued to account for a substantial share of Group performance, contributing 75% of Group Revenue and 73% of Group EBITDA. Company revenue reached Rs. 66 billion for 1H 2025 and Rs.