Slide 1: FY25 Results Presentation
Tuas Limited rsonal use only FY25 Results Presentation (1 August 2024 to 31 July 2025) 24 September 2025 Page 1
Slide 2: Agenda
Agenda rsonal use only 1. Financials 2. Business Updates 3. Outlook 4. Q&A N.B.: All reported numbers are in Singapore Dollars. Page 2
Slide 3: Tuas Group Financial Results
rsonal use only Tuas Group Financial Results (in S$’M) FY22 FY23 FY24 FY25 Revenue 57.4 86.1 117.1 151.3 EBITDA 15.5 31.1 49.7 68.4 NPAT (26.7) (15.3) (4.4) 6.9 • Continued strong improvement in key financial metrics. • Achieved EBITDA of $68.4M. • Achieved positive NPAT. Page 3
Slide 4: Key Financial Metrics
Key Financial Metrics rsonal use only Revenue Performance • 29% revenue increase over FY24 driven by growing subscriber base • 38% EBITDA increase over FY24 • EBITDA margin of 45% compared to 42% in FY24 Gross Mobile ARPU • FY25 $9.60. Drivers • Increased subscribers and an expanded plan mix with ge
Slide 5: Subscriber Growth- Mobile
Subscriber Growth- Mobile (In '000) rsonal use only Active Mobile Services 1,300 1,200 1,100 1,254 1,000 1,160 900 1,053 800 938 700 819 600 500 691 400 587 487 300 200 100 - FY22 1H FY22 2H FY23 1H FY23 2H FY24 1H FY24 2H FY25 1H FY25 2H Page 5
Slide 6: Subscriber Growth- Broadband
rsonal use only Subscriber Growth- Broadband Active Broadband Services 27,000 25,592 24,000 21,000 18,000 14,347 15,000 12,000 9,000 6,000 3,287 3,000 249 - FY24 1H FY24 2H FY25 1H FY25 2H Page 6
Slide 7: Cash Flow
Cash Flow From 1 August 2024 to 31 July 2025 S’000 Cash and Term Deposits at 31 July 2024 55,333 rsonal use only Cash receipts from customers 163,020 Cash paid to suppliers and employees (83,242) Interest Received 1,473 Tax Paid (52) Net cash from operating activities 81,199 Acquisition of Plant & E
Slide 8: Mobile Updates
Mobile Updates rsonal use only • Sustained growth with market leading inclusions at each price point • Expanded channels including Changi Airport Terminals and 7-Eleven stores • Continued network CAPEX investment to support subscriber growth and expand 5G coverage. Page 8
Slide 9: Fibre Broadband
Fibre Broadband rsonal use only • Best-in-industry no-frills offer leading to increased take-up rate. • Now includes Free Digital Home Phone Line Page 9
Slide 10: Update on M1 acquisition
Update on M1 acquisition • 100% acquisition of M1 Limited (excluding its ICT businesses) announced on 11 August 2025 rsonal use only for an enterprise value of S$1,430m on a debt-free and cash-free basis • Implied multiple of 7.3x M1 ex-ICT EBITDA for the last 12 months to 30 April 2025 of S$195.4m
Slide 11: FY26 Outlook (Simba Standalone)
FY26 Outlook (Simba Standalone) rsonal use only • Subscriber growth trends continues • Mobile and broadband CAPEX guidance of $50m to $55m Page 11
Slide 12: rsonal use only
rsonal use only This presentation contains certain forward-looking and unaudited information. Such information is based on estimates and assumptions that, whilst considered reasonable by the company, are subject to risks and uncertainties. Actual results and achievements could be significantly diffe
Slide 13: Q&A
rsonal use only Q&A Page 13