Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q1 2026 Earnings Presentation
18 slides from Dialog Axiata's earnings presentation, May 18, 2026
Slide 1: Earnings Call – Q1 2026
Earnings Call – Q1 2026 Dialog Axiata PLC 18 May 2026 Earnings Call – Q1 2026
Slide 2: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q1 2026
Slide 3: Dialog Group Performance: Growth Momentum Continues
DIALOG GROUP PERFORMANCE Dialog’s Growth Momentum Continues… HIGHLIGHTS – Q1 2026 Capex Directed to Address All Key Business Segments Strong Subscriber Base via QoQ YoY Growing Demand for Data Delivered Strong Improved Churn & Digitisation Initiatives Performance Management Revenue Q1 26 – Rs 47.3Bn
Slide 4: Proposed Q1 2026 Dividend Per Share of Rs 0.70; Annualized Yield of 9.2%
Proposed Q1 2026 Dividend Per Share of Rs 0.70; QUARTERLY DIVIDEND Annualized Dividend Yield of 9.2% ▪ The Board of Directors of Dialog Axiata PLC approved a quarterly cash dividend to ordinary shareholders of Rs 0.70 per share totaling an outflow of Rs 6.4Bn ▪ Dividend on per share basis of Rs 0.70
Slide 5: ESG Performance for Q1 2026
ESG Performance for Q1 2026 Average Network Traffic Download Energy Consumption (GB Mn’s) Speeds (Mbps) Energy Q1 ’25 Q1 ’26 Change Q1 ’25 Q1 ’26 Change Q1 ’25 Q1 ’26 Change 696 838 +20% Total (GJ) 134,678 213,931 +59% Mobile 14.5 14.9 +2.3% Grid Energy (%) 95.2 92.9 -2.3% Fixed 8.6 8.2 -5.3% Data B
Slide 6: Group Financial Summary
GROUP FINANCIAL Market Consolidation and Transformation Yielding Results SUMMARY Rs Mn Q1 26 QoQ YoY Revenue 47,292 +2% +9% EBITDA 24,256 +5% +23% PATAMI 9,186 +56% +>100% Operating Free Cash (OFCF) 14,587 +32% +8% EBITDA Margin 51.3% +1.8pp +5.8pp PATAMI Margin 19.4% +6.8pp +9.9pp ROIC 27.9% +8.1pp
Slide 7: Group Revenue: Growth Across Key Business Lines
GROUP REVENUE Growth Across Key Business Lines Group Revenue YoY Growth Primarily Driven by Mobile and DTV +9% +2% ▪ Mobile Revenue growth driven by increased Voice and Data 47,292 usage 46,531 43,294 ▪ Fixed Business Revenue grew by 9% YoY supported by growth in Home Broadband Revenue ▪ Television
Slide 8: Group Cost: Total Cost to Revenue Ratio Down by 5.8PP YoY
GROUP COST Total Cost to Revenue Ratio Down by 5.8PP YoY Driven by Cost Rescaling Initiatives Q1 26 As % of Q4 25 As % of Q1 25 As % of QoQ YoY revenue revenue revenue Total Cost Rs 23,032Mn 48.7% Rs 23,494Mn Rs 23,597Mn 54.5% -1.8pp 50.5% -5.8pp Direct Expenses 12.4% 11.4% 15.2% 1.1pp -2.8pp Sales
Slide 9: Group EBITDA and PATAMI
GROUP EBITDA AND Margins Expand as EBITDA increased by 23% YoY PATAMI (Rs Mn) EBITDA Increase Underpinned by Growth in PATAMI Growth Supported by Strong EBITDA Flowthrough, Revenue and Cost Optimizations Lower NFC and Minimal Forex Impact +>100% | Norm +>100% +6% +56% | Norm +48% +2% 9,186 30, 000 6
Slide 10: Capex and Tax
CAPEX AND TAX Capex Investments Up 51% YoY ; Tax Paid to GOSL up 8% YoY (Rs Mn) Capex Investments Directed Towards 5G Infrastructure Upgrades Capex Intensity at 12% for Q1 2026 +51% Capital expenditure of Rs 5.5Bn for Q1 2026 directed mainly towards -8% investments in 5G infrastructure to support Mo
Slide 11: Group Balance Sheet
GROUP BALANCE SHEET Strong and Resilient Balance Sheet Position with Minimized Forex Exposure (Rs Mn) Mar 26 Dec 25 Dec 24 Gross Debt 58,620 73,785 99,303 Average Interest Cost* 8.7% 8.8% 9.5% USD denominated debt (in Mn) 15.1 18.1 128.7 USD denominated Cash (in Mn) 35.6 32.5 82.4 USD Net Exposure 1
Slide 12: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q1 2026
Slide 13: Q1 2026 – Foundation Laid for Yet Another Remarkable Year
Q1 2026 – Foundation Laid for Yet Another “Remarkable” Year Record-breaking results through disciplined execution, strategic focus and resilient planning to navigate growth Highest Ever Highest Ever Highest Ever Highest Ever Highest Ever Absolute Revenue Absolute EBITDA Absolute NPAT Absolute FCF Ma
Slide 14: Dialog Axiata PLC (Company): Improved Market Structure Continues to Yield Growth
DIALOG AXIATA PLC (COMPANY) Improved Market Structure Continue to Yield Growth (Rs Mn) Subscriber Base Down 4% YoY in Q1 2026 as Deferred Number Recycling Revenue Recorded Positive Growth Driven by Data and Voice, Supported by Yield Correction and Higher Usage Resumed Post Ditwah-Related Suspension
Slide 15: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q1 2026
Slide 16: Dialog Television: NPAT Reaching Breakeven
DIALOG TELEVISION NPAT Reaching Breakeven Supported by Strong Advertising Revenue Revenue Growth Driven by Boost in Advertising Revenue from (in ‘000s) Subscriber Base Grew in Q1 2026 Sporting Events such as ICC T20 World Cup Total Subs growth +3% QoQ; +1% YoY (Rs Mn) +28% Postpaid Subs growth -1% Q
Slide 17: Dialog Broadband Networks: Margin Expansion
DIALOG BROADBAND NETWORKS Margin Expansion Supported by Scaling down of Hubbing Business Margin Expansion due to Continued Scale Down on Fixed Business Sustained Growth on a YoY and QoQ Basis Low Margin International Wholesale Business; (Rs Mn) NPAT Movement due to Seasonality & -3% | Fixed +12% | I
Slide 18: Thank you
Thank you For further information Contact : Investor Relations Team, Dialog Axiata PLC Mobile : +94 773339599 Email : ir@dialog.lk Web site : www.dialog.lk Earnings Call – Q1 2026