Overview of Tuas Limited's recent financial report

Tuas Limited (ASX: $TUA) has released its Appendix 4D and Interim Financial Report for the period 1 August 2023 to 31 January 2024. The report includes strong EBITDA growth of 54% on the prior corresponding half-year, maiden half-year positive net cashflow, the launch of Fibre Broadband to the market, and admission to the ASX300.

Executive Commentary on Financial Results

The Company has provided a brief commentary on the results in the Directors' Report which forms part of the Interim Financial Report. Key highlights for the half-year included strong EBITDA growth, maiden half-year positive net cashflow, the successful launch of Fibre Broadband to the market, and admission to the ASX300.

Summary of Tuas Limited's Financial Report

Tuas Limited (ASX: $TUA) has reported strong financial results for the half-year ended 31 January 2024, including a 54% increase in EBITDA, maiden half-year positive net cashflow, and the successful launch of Fibre Broadband to the market. The Company's mobile network rollout and subscriber performance have shown positive growth, with approximately 938,000 monthly paid mobile active services as of 31 January 2024. The Company also reported revenue of S$54.7m, operational costs of S$32.3m, resulting in a profit before interest, tax, depreciation, and amortization of S$22.4m. Tuas Limited's positive net cashflow of $3.3 million marks a significant milestone for the Company. The Company's future outlook appears promising with the ongoing success of its mobile network rollout, the positive response to its Fibre Broadband product, and the continuous growth in subscriber performance.