Dialog Axiata Plc · CSELK:DIAL.N0000
Dialog Axiata — Q4 2025 Earnings Presentation
16 slides from Dialog Axiata's earnings presentation, Feb 10, 2026
Slide 1: Earnings Call – Q4 2025
Earnings Call – Q4 2025 Dialog Axiata PLC 10 February 2026 Earnings Call – Q4 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 – Q4 2025
Slide 3: Dialog Group Performance Highlights – FY 2025
DIALOG GROUP PERFORMANCE Dialog Sustains Growth Momentum; HIGHLIGHTS – FY 2025 Delivering Strong FY 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 FY
Slide 4: Dividend
PROPOSED DIVIDEND PER SHARE RS1.50 UP 50% YOY DIVIDEND DIVIDEND YIELD OF 5% ▪ The Board of Directors of Dialog Axiata PLC resolved to propose a cash dividend to ordinary shareholders of Rs 1.50 per share totaling an outflow of Rs13.8Bn for approval by the Shareholders ▪ Dividend on per share basis o
Slide 5: Group Financial Summary
GROUP FINANCIAL SUMMARY Market Consolidation and Transformation Yielding Results Rs Mn FY 2025 YTD 4Q 25 QoQ YoY Revenue 179,641 +5% 46,531 +2% +2% Core Revenue 174,742 +16% 45,885 +3% +9% EBITDA 85,973 +30% 23,034 +3% +9% PATAMI 20,768 +67% 5,877 +3% -13% Operating Free Cash (OFCF) 49,305 +>100% 11
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 +5% +2% 179,641 171,171 ▪ Mobile Revenue driven by growth in Data and Voice usage +2% ▪ Fixed Business Revenue grew by 8% YTD supported by growt
Slide 7: Total Cost to Revenue Ratio Down by 9.3pp YTD
TOTAL COST TO REVENUE RATIO DOWN BY 9.3PP YTD DRIVEN BY COST RESCALING INITIATIVES Q4 25 As % of Q3 25 As % of FY 2025 As % of FY 2024 As % of QoQ YTD revenue revenue revenue revenue Total Cost Rs 23,494Mn 50.5% Rs23,076Mn Rs93,394Mn 52.0% Rs105,002Mn 61.3% 0.0pp 50.5% -9.3pp Direct Expenses 11.4% 1
Slide 8: Group EBITDA and PATAMI
GROUP EBITDA Margins Continue to Expand 9.1pp YTD... EBITDA up by 30% YTD AND PATAMI EBITDA increase Underpinned by Growth in Core PATAMI Growth Supported by strong EBITDA flowthrough and Revenue and Cost optimizations lower Depreciation from Measured Investments (Rs Mn) (Rs Mn) +67% | Norm >+100% -
Slide 9: Capex Investments Down 33% YTD; Tax Paid to GOSL Up 16% YoY
CAPEX INVESTMENTS DOWN 33% YTD ; TAX PAID TO GOSL UP 16% YoY Capex Investments Directed Towards Expanding Digital Capex Intensity at 11% for FY 2025 Infrastructure Capital expenditure of Rs20.2Bn for FY 2025 directed -33% -57% mainly towards investments in High-Speed Broadband (Rs Mn) +96% infrastru
Slide 10: Dialog Group Balance Sheet
DIALOG GROUP BALANCE SHEET Strong and Resilient...Forex Exposure Continuously Mitigated… (Rs Mn) Dec 25 Sep 25 Jun 25 Dec 24 Gross Debt 73,785 71,375 105,024 99,303 USD denominated debt (in Mn) 18.1 40.5 108.5 128.7 USD denominated Cash (in Mn) 32.5 22.6 88.6 82.4 USD Net Exposure 10.5 30.3 32.3 65.
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 – Q4 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 up 3% YoY in Q4 2025 Revenue resulting from Airtel, Yield Correction and Higher Usage (In ‘000) Total subs growth +2% QoQ; +3% YoY Postpaid subs g
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 – Q4 2025
Slide 14: Dialog Television
DIALOG TELEVISION Profitability Trending Towards Breakeven Revenue Growth Driven by Subscription & Advertising Revenue; Subscriber Base Remaining Resilient Advertising Revenue Bump in Q3 Resulting in QoQ Revenue dip Total Subs growth -0% QoQ; -3% YoY Postpaid Subs growth -2% QoQ; -11% YoY (Rs Mn) (i
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. Strong Profitability Uplift Driven by Strong Revenue Growth and Cost International wholesale business scale down continue Management (Rs Mn) (Rs Mn) FY 2025 YTD
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 – Q4 2025