Overview of Tuas Limited's FY24 Financial Results

Tuas Limited (ASX:TUA) has released its Appendix 4E and Financial Year Results for the period 1 August 2023 to 31 July 2024. The company reported increased mobile active services, revenue, and EBITDA margins, along with positive cashflow and plans for future growth in 5G and fibre broadband services.

Executive Commentary on FY24 Performance

During the year, Tuas experienced sustained growth in its primary mobile business in Singapore. The company achieved significant milestones, including an increase in mobile active services, revenue, and EBITDA margins. Additionally, Tuas generated net cash from operating activities of $60.0m in FY24 compared to $40.0m in FY23, demonstrating strong financial performance and positive cashflow. Looking ahead, the company aims to focus on the growth of its 5G and fibre broadband services, with an expected capital expenditure in the range of $45-55m for the financial year ending 31 July 2025.

Summary of FY24 Financial Results and Future Outlook

Tuas Limited (ASX:TUA) has reported strong financial results for the fiscal year 2024, marked by sustained growth in its primary mobile business in Singapore. The company achieved significant increases in mobile active services, revenue, and EBITDA margins, reflecting its successful operational strategies. With a focus on the growth of 5G and fibre broadband services, Tuas aims to continue introducing attractive value plans to grow subscribers. The company's positive cashflow and plans for a capital expenditure in the range of $45-55m for the financial year ending 31 July 2025 indicate a positive outlook for future growth and expansion.