TPG Telecom reported a 9.4% increase in first-half net profit to A$35 million, driven by lower financing costs despite a 1% decline in revenue to A$2.425 billion. The result reflected a mixed performance across its core segments, with mobile subscriber growth offsetting continued pressure in home broadband.
Earnings before interest, tax, depreciation and amortisation rose 1% to A$821 million, supported by higher mobile service revenue and improved hardware margins. These gains were partially offset by increased costs tied to new fibre access arrangements following the prior year’s sale of its fibre network to Vocus Group. The company’s mobile subscriber base expanded to 5.81 million by June 30, up from 5.74 million at year-end 2025, while home broadband subscribers fell to 1.94 million from 1.98 million.
The interim dividend was set at 10.0 cents per share, fully franked, matching the payout ratio of the prior final dividend of 9.0 cents. The dividend is payable on September 29 to shareholders on record as of August 28. TPG Telecom operates brands including Vodafone, TPG, iiNet, felix and Lebara, positioning it as Australia’s second-largest telecommunications operator.
