Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q3 2025 Earnings Presentation
16 slides from Dialog Axiata's earnings presentation, Nov 17, 2025
Slide 1: Earnings Call – Q3 2025
Earnings Call – Q3 2025 Dialog Axiata PLC 17 November 2025 Earnings Call – Q3 2025
Slide 2: Dialog Axiata Group Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q3 2025
Slide 3: Dialog Group Performance Highlights – YTD 2025
DIALOG GROUP PERFORMANCE Dialog Sustains Growth Momentum; HIGHLIGHTS – YTD 2025 Delivering Strong YTD 2025 Performance YTD QoQ YoY Airtel Capex Directed to Address All Key Business Segments Healthy Subscriber Growth Standalone Growing Demand for Data Delivered Strong on the back of Improved Revenue
Slide 4: ESG Performance for Q3 - 2025
ESG Performance for Q3 - 2025 # of Data Breaches and Average Download Network Availability and Regulatory Actions over Speeds (Mbps) Energy Consumption Core Network Downtime Data Protection Violations Q3 ’24 Q3 ’25 Change Availability Q3 ’24 Q3 ’25 Change Energy Q3 ’24 Q3 ’25 Change Q3 ’24 Q3 ’25 Ch
Slide 5: Group Financial Summary
GROUP FINANCIAL SUMMARY Market Consolidation and Transformation Yielding Results Rs Mn YTD 25 YTD 3Q 25 QoQ YoY Revenue 133,109 +6% 45,690 +4% +7% Core Revenue 128,857 +18% 44,884 +4% +12% EBITDA 62,939 +40% 22,478 +8% +25% PATAMI 14,891 >+100% 5,694 +12% +27% Operating Free Cash (OFCF) 37,060 +93%
Slide 6: Group Revenue
GROUP REVENUE Driven by Airtel Consolidation and Organic Growth Group Revenue Record Strong Growth YoY Mainly Driven by growth in Mobile and Fixed Segments +6% +7% 133,109 +4% 125,375 120,000 100,000 80,000 60,000 42,832 44,126 45,690 40,000 20,000 0 YTD 24 YTD 25 Q3 24 Q2 25 Q3 25 ▪ Mobile Revenue
Slide 7: Total Cost to Revenue Ratio Down by 11.6pp YTD
TOTAL COST TO REVENUE RATIO DOWN BY 11.6PP YTD DRIVEN BY COST RESCALING INITIATIVES Q3 25 As % of Q2 25 As % of YTD 25 As % of YTD 24 As % of QoQ YTD revenue revenue revenue revenue Total Cost Rs23,076Mn 50.5% Rs23,228Mn Rs69,900Mn 52.5% Rs80,412Mn 64.1% -2.1pp 52.6% -11.6pp Direct Expenses 12.3% 13
Slide 8: Group EBITDA and PATAMI
GROUP EBITDA Margins Continue to Expand 11.3pp YTD... EBITDA up by 40% YTD AND PATAMI EBITDA increase Underpinned by Growth in Core PATAMI Growth Supported by Improved by strong EBITDA Revenue and Cost optimizations flowthrough and contained Finance Cost (Rs Mn) (Rs Mn) >+100% | Norm >+100% +27% | N
Slide 9: Capex Investments Down 13% YTD; Tax Paid to GoSL Up 19% YoY
CAPEX INVESTMENTS DOWN 13% YTD ; TAX PAID TO GOSL UP 19% YoY Capex Investments Directed Towards Expanding Digital Capex Intensity at 11% for YTD 2025 Infrastructure Capital expenditure of Rs14.2Bn for YTD 2025 directed -13% -37% mainly towards investments in High-Speed Broadband (Rs Mn) -59% infrast
Slide 10: Dialog Group Balance Sheet
DIALOG GROUP BALANCE SHEET Strong and Resilient...Forex Exposure Continuously Mitigated… (Rs Mn) Sep 25 Jun 25 Dec 24 Sep 24 Gross Debt 71,375 105,024 99,303 101,341 USD denominated debt (in Mn) 40.5 108.5 128.7 155.1 USD denominated Cash (in Mn) 22.6 88.6 82.4 102.3 USD Net Exposure 30.3 32.3 65.6
Slide 11: Dialog Axiata PLC - Company Performance
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q3 2025
Slide 12: Dialog Axiata PLC (Company)
DIALOG AXIATA PLC (COMPANY) Growth Driven by ARPU and Improved Market Structure Revenue Recorded Positive Growth Driven by Data and Voice Subscriber Base down 1% YoY in Q3 2025 Revenue resulting from Airtel, Yield Correction and Higher Usage (In ‘000) Total subs growth -1% QoQ; -1% YoY Postpaid subs
Slide 13: Subsidiary Performance – Dialog Broadband and Dialog TV
Dialog Axiata Group Performance Dialog Axiata PLC - Company Performance Subsidiary Performance – Dialog Broadband and Dialog TV Earnings Call – Q3 2025
Slide 14: Dialog Television: Profitability Trending Towards Breakeven
DIALOG TELEVISION Profitability Trending Towards Breakeven Revenue Growth Driven by Subscription & Advertising Revenue Subscriber Base Remaining Resilient Total Subs growth -1% QoQ; +1% YoY (Rs Mn) Postpaid Subs growth -4% QoQ; -9% YoY +6% +10% (in ‘000s) Prepaid Subs growth +1% QoQ; +5% YoY +2% 6,0
Slide 15: Dialog Broadband Networks
DIALOG BROADBAND NETWORKS Strong Profitability uplift on YTD, YoY and QoQ basis Fixed Business continue growth on a YTD, YoY and QoQ basis. International wholesale business scale down continue (Rs Mn) -32% | Fixed +7% | Int. -87% -16% | Fixed +9% | Int. -85% (Rs Mn) YTD 25 YTD Q3 25 QoQ YoY +2% | Fi
Slide 16: Thank you
Thank you For further information Contact : Investor Relations Team, Dialog Axiata PLC Mobile : +94 777332052 Email : ir@dialog.lk Web site : www.dialog.lk Earnings Call – Q3 2025