Tuas Limited half year financial results investor presentation

Tuas Limited (ASX: $TUA) has released its half year financial results investor presentation, showcasing continued strong improvement in key financial metrics. The presentation includes a 38% revenue increase over 1H FY23 driven by growing subscriber base, a 56% EBITDA increase over 1H FY23, and an EBITDA margin of 41% compared to 36% in 1H FY23. Additionally, Tuas has achieved a positive cashflow milestone and provided updates on 5G coverage and fibre broadband expansion.

Executive Commentary

Tuas Limited is pleased to announce the release of our half year financial results investor presentation. We are delighted to report continued strong improvement in key financial metrics, with a significant increase in revenue and EBITDA compared to the previous year. Our focus on subscriber growth and an expanded plan mix has contributed to the positive results. Furthermore, achieving a positive cashflow milestone is a significant accomplishment for us. We are also excited about the progress in 5G coverage and the expansion of our fibre broadband services, with initial indications showing positive response from consumers. Looking ahead, we are targeting continued subscriber growth, providing guidance on mobile and broadband CAPEX, and aiming to achieve full year positive net cashflow. We acknowledge the forward-looking nature of the information presented and the associated risks and uncertainties.

Summary of Tuas Limited half year financial results

Tuas Limited (ASX: $TUA) has reported a strong performance in its half year financial results, with notable increases in revenue and EBITDA driven by growing subscriber base and expanded plan mix. The achievement of a positive cashflow milestone is a significant milestone for the company. Additionally, the updates on 5G coverage and fibre broadband expansion demonstrate Tuas's commitment to enhancing its services and meeting consumer needs. Looking forward, the company aims to continue subscriber growth, provide guidance on mobile and broadband CAPEX, and target full year positive net cashflow. The presentation contains forward-looking information, acknowledging the associated risks and uncertainties.