Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q2 2026 Earnings Presentation
13 slides from Dialog Axiata's earnings presentation, Aug 19, 2026
Slide 1: Earnings Call – Q2 2026
Earnings Call – Q2 2026 Dialog Axiata PLC 19 August 2026 Earnings Call – Q2 2026
Slide 2: Dialog Group Performance Highlights – 1H 2026
DIALOG GROUP PERFORMANCE Dialog Consolidates 1H 2026 Performance, Contributing Rs 30.9Bn HIGHLIGHTS – 1H 2026 to State Revenue and Invested Rs 18.5Bn in Digital Infrastructure Capex Deployed to Expand All Business Segments Subscriber Base YTD QoQ YoY 5G Infrastructure and Data Contributed Positive Y
Slide 3: Quarterly Dividend: Q2 2026 DPS of Rs 0.70
Q2 2026 DPS of Rs 0.70 and YTD DPS of Rs 1.40; QUARTERLY DIVIDEND Annualized Dividend Yield of 6.1% ▪ Dividend per share of Rs 0.70 for Q2 2026 was declared; ✓ Considering investment requirements to serve the nation’s demand for Mobile, Fixed, Broadband and Digital Television services ✓ Annualized D
Slide 4: Group Financial Summary
GROUP FINANCIAL Robust Growth and Margin Expansion Across Key Metrics SUMMARY Rs Mn 1H 2026 YTD Q2 2026 QoQ YoY Revenue 95,515 +9% 48,223 +2% +9% EBITDA 49,953 +23% 25,697 +6% +24% PATAMI 19,301 +>100% 10,115 +10% +100% Operating Free Cash (OFCF) 18,338 -28% 3,752 -74% -69% EBITDA Margin 52.3% +6.0p
Slide 5: Group Revenue
GROUP REVENUE Revenue Growth Led by Mobile and Fixed Data Segments along with Television Group Revenue YoY Growth Primarily Driven by Mobile and DTV ▪ Mobile Revenue growth momentum driven by continued +9% increase in Voice and Data 95,515 usage 87,420 +9% ▪ Fixed Business Revenue growth +2% support
Slide 6: Group Cost: Total Cost to Revenue Ratio
GROUPCOST TOTAL Total Cost COST TO REVENUE RATIOto Revenue DOWN BY Ratio Down 9.3PP YTDbyDRIVEN 5.9PP YTD BYDriven COST by Cost Rescaling RESCALING Initiatives INITIATIVES Q2 26 As % of Q1 26 As % of 1H 26 As % of 1H 25 As % of QoQ YTD revenue revenue revenue revenue Total Cost Rs 22,503Mn 46.7% Rs
Slide 7: Group EBITDA and PATAMI
GROUP EBITDA AND EBITDA +23% YTD with 52.3% Margin, PATAMI up 91% (normalised for forex gain) PATAMI (Rs Mn) EBITDA Increase Underpinned by Growth in PATAMI Growth Supported by Strong EBITDA Flowthrough, Revenue and Cost Optimizations Lower NFC and Forex Gain. Forex Normalized PAT up 4% QoQ +24% +23
Slide 8: Capex and Tax
CAPEX AND TAX Capex Investments Up 67% YTD ; Tax Paid to GOSL up 9% YTD (Rs Mn) Capex Investments Directed Towards 5G Expansion Capex Intensity at 19% for 1H 2026 +67% +74% Capital expenditure of Rs 18.5Bn for 1H 2026 directed mainly towards investments in 5G infrastructure to support Mobile and Fix
Slide 9: Group Balance Sheet
GROUP BALANCE SHEET Net Debt/EBITDA at 0.50x; Zero USD Debt (Rs Mn) Jun 26 Mar 26 Dec 25 Dec 24 Gross Debt 69,068 58,620 73,785 99,334 Average Interest Cost* 9.3% 8.7% 8.8% 9.5% USD denominated debt (in Mn) 0.0 15.1 18.1 128.7 USD denominated Cash (in Mn) 39.2 35.6 32.5 82.4 USD Net Exposure (42.7)
Slide 10: Dialog Axiata PLC (Company) Results
DIALOG AXIATA PLC (COMPANY) Revenue +11% YTD; NPAT Margin Expanded to +21% for 1H 2026 (Rs Mn) Revenue Growth Momentum Continued; Driven by Data and Subscriber Base Down 1% QoQ Voice, Supported by Yield Correction / Usage Total subs growth -1% QoQ; -4% YTD (In ‘000) Postpaid subs growth -3% QoQ; -2%
Slide 11: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Fixed Revenue Up +13% YTD; EBITDA Margin at 60% (Rs Mn) Margin Expansion Continues Supported by Continued Scale Down of Fixed Business Records Growth on a YTD and QoQ Basis Low Margin International Wholesale Business; EBITDA Increase Supported by Revenue Growth +9% | Fixed
Slide 12: Dialog Television
DIALOG TELEVISION Revenue +17% YTD; Profitability Achieved (Rs Mn) (in ‘000s) YTD Revenue Records Double Digit Growth; 2Q Revenue Follows Subscriber Base Grew in Q2 2026 Bumper Advertising Revenue in Prior Quarter, Norm Revenue up Total Subs growth +1% QoQ; +3% YTD 1% QoQ Postpaid Subs growth -2% Qo
Slide 13: Thank you
Thank you For further information Contact : Investor Relations Team, Dialog Axiata PLC Mobile : +94 77 333 9599 Email : ir@dialog.lk Web site : www.dialog.lk Earnings Call – Q2 2026