TPG Telecom Ltd
ASX:TPG

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TPG Telecom Ltd
ASX:TPG
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Price: 3.77 AUD 1.62% Market Closed
Market Cap: 7B AUD

TPG Telecom Ltd
Investor Relations

In the bustling realm of Australian telecommunications, TPG Telecom Ltd stands as a significant player with a multifaceted strategy that underpins its operations. Born from a merger in 2020 between TPG Corporation and Vodafone Hutchison Australia, the company has managed to carve a substantial niche in the market. TPG Telecom blends its strengths in fixed broadband and mobile connectivity with extensive network infrastructure. The company is renowned for providing innovative solutions that cater to both residential and business customers. By leveraging a hybrid strategy that combines extensive fiber networks with mobile telecommunications, TPG effectively addresses the diverse connectivity needs of the modern consumer. Its operations span various segments, including retail, enterprise, and wholesale markets, positioning it as a versatile telecommunications provider in this ever-evolving tech landscape.

Revenue generation for TPG Telecom is anchored in its ability to offer a range of services that span mobile phone plans, broadband internet, and enterprise-level solutions. The company derives a considerable portion of its income from subscription-based services, ensuring a steady flow of revenue. This subscription model is augmented by an expansive product range that meets customer needs from basic connectivity to advanced technological infrastructure. Furthermore, by investing in network infrastructure and 5G development, TPG Telecom also sets the stage for long-term growth. As a result, its business model not only encapsulates current telecommunication requirements but also anticipates future demands, allowing TPG to maintain a competitive edge in a fast-paced industry.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 28, 2025
AI Summary
Q2 2025

Mobile Growth: TPG added 100,000 net new mobile subscribers in the half, outpacing competitors and gaining market share, especially after expanding its mobile network coverage.

Profit & Cash Flow: NPAT and free cash flow both saw strong growth, with operating free cash flow up 23.6% and free cash flow to equity up $152 million, reflecting improved working capital and lower CapEx.

Cost Control: Operating expenses rose just 0.6%, well below inflation, demonstrating disciplined cost management even as marketing spend increased.

Dividend & Capital Return: An interim dividend of $0.09 per share was declared, with a full year target of $0.18 per share. Up to $3 billion will be returned to shareholders via a capital reduction.

Guidance Confirmed: FY25 pro forma EBITDA is guided between $1.605 billion and $1.655 billion, with CapEx guidance at $790 million, both unchanged from prior guidance.

Strategic Events: The sale of fixed and fiber assets to Vocus is complete, and the company has repaid and cancelled $1.7 billion in bank borrowings.

Cyber Incident: A cyber incident at iiNet affected a smaller number of customers than initially estimated, with no sensitive ID or banking data compromised.

Key Financials
Mobile Subscriber Net Additions
100,000
Operating Free Cash Flow
$246 million
Free Cash Flow to Equity
$103 million
Dividend (Interim)
$0.09 per share
EBITDA
$618 million (statutory); $686 million (pro forma)
Net Profit After Tax
$32 million
Return on Invested Capital
6.2%
Operating Expenses
$504 million
CapEx
$473 million (first half)
Postpaid ARPU
$48.51
Fixed Wireless as % of Total Fixed Subscribers
14%
Bank Debt / EBITDA
Just over 1.5x
Bank Financing Costs
$122 million (first half)
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. Inaki Berroeta
CEO, MD & Director
No Bio Available
Mr. John Boniciolli
Group Chief Financial Officer
No Bio Available
Mr. Giovanni Chiarelli
Chief Technology Officer
No Bio Available
Bruce Song
Investor Relations Manager
No Bio Available
Mr. Trent Ashley Clinton Czinner
Company Secretary and Group Executive of Legal & External Affairs
No Bio Available
Ms. Vanessa Hicks
Group Executive of Customer & People Experience
No Bio Available
Jen Zemek
Head of Corporate Affairs
No Bio Available
Jonathon Purbrick
Managing Director of Wholesale Broadband Provider Unit Vision Network
No Bio Available

Contacts

Address
NEW SOUTH WALES
North Sydney
Level 1, 177 Pacific Highway
Contacts