Annual Report as at 31st December 2025

Catalysing New Possibilities reflects Dialog Axiata PLC’s role as an enabler of progress, creating the conditions for individuals, homes and enterprises to reimagine how they learn, work, connect and grow. Through wide-reaching connectivity, advanced digital platforms and inclusive solutions, Dialog accelerates innovation and empowers stakeholders to move beyond existing boundaries towards new possibilities.

The theme emphasises outcomes rather than technology alone, highlighting how the purposeful application

of connectivity, 5G, AI and digital capabilities unlocks productivity, inclusion and shared value. As Sri Lanka’s digital ecosystem evolves, Dialog continues to catalyse meaningful and sustainable progress, strengthening lives, enterprises and the nation as a whole, shaping 'The Future.Today.'

Contents3

Overview

4 About This Report

7 About Us

9 Corporate Structure

10 Awards and Recognition

12 Our Socioeconomic Impact

15 Financial Highlights

16 Non-Financial Highlights

17

Leadership

18 Chairman's Message

22 Group Chief Executive’s Review

of Operations

28 Board of Directors

34 Corporate Management Team

41

Strategic Report

42 How We Create Value

44 Stakeholder Engagement

48 Determining Materiality

51 Operating Environment

55 Our Strategy

63

Management Discussion and Analysis

64 Business Review

72 DIAL Share Information

75 Financial Capital

80 Human Capital

97 Social and Relationship Capital

123 Manufactured Capital

129 Natural Capital

139 Intellectual Capital

147

Governance and Risk Management

148 Corporate Governance Report

160 Report of the Board Audit Committee

162 Report of the Related Party Transactions Review Committee

163 Report of the Board Nominations and Governance Committee

168 Report of the Board Risk and Compliance Committee

170 Risks and Opportunities

193

Financial Statements

291

Supplementary Information

Catalysing

Digital Transformation with 5G

In 2025, Dialog continued to lead Sri Lanka’s transition to next-generation connectivity, having been the first to commercially launch 5G in the country. Since its initial rollout with 220 sites, the network has expanded rapidly to over 1,000 live sites, serving more than 1.5 million subscribers and cementing its position as Sri Lanka’s widest and fastest-growing 5G network.

By catalysing new possibilities through high-speed, low-latency connectivity, Dialog is enabling innovation, enterprise growth and broader digital inclusion. As we continue to strengthen secure and future-ready infrastructure, we remain committed to shaping a more connected, inclusive and digitally empowered Sri Lanka.

Overview

4 About This Report

7 About Us

9 Corporate Structure

10 Awards and Recognition

12 Our Socioeconomic Impact

1. Financial Highlights

2. Non-Financial Highlights

About This Report

GRI 1 2-2,2-3, 2-4, 2-5

Welcome to the second Integrated Annual Report oF Dialog Axiata PLC, which presents

a consolidated overview oF the Group’s perFormance For the financial year ended 31 December 2025. It provides a balanced view oF the Group’s financial, environmental, social and governance perFormance in a concise, comprehensive and transparent manner. Building on our first Integrated Annual Report For the financial year 2024, this report reflects our continued Focus on enhancing the quality and transparency oF our reporting.

Frameworks

The following frameworks were used in preparing this report.

Financial Reporting

Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995

Companies Act No. 7 of 2007

Sri Lanka Financial Reporting Standards

Guidelines for the presentation of Annual Reports issued by the

Institute of Chartered Accountants of Sri Lanka

Governance

Listing Rules of Colombo Stock Exchange (CSE)

Sustainability Reporting

SLFRS S1 and S2

UN Sustainable Development Goals

Framework issued by the International Integrated Reporting Council

Global Reporting Initiative (GRI) Standards (2021)

United Nations Global Compact (UNGC)

Sustainability Accounting Standards Board (SASB) Standards -Telecommunication Services and Consumer Finance

Global System for Mobile Communications Association (GSMA) ESG Metrics for Mobile (June 2024)

Task Force on Climate-related Financial Disclosures (TCFD)

Evolution of our report in 2025

Improved materiality assessment process

Expansion of SLFRS S1 and S2 implementation, particularly in reporting Climate-Related Risks and Opportunities (CRROs) and Sustainability-Related Risks and Opportunities (SRROs)

Expanded scope in GRI Reporting

Reporting Principles

Impacts Materiality

Strategic focus and future

orientation

Connectivity of information

Stakeholder relationships Conciseness

Reliability and completeness

Scope and Boundary

This report covers the financial and non-financial performance of Dialog Axiata PLC and its subsidiaries and equity-accounted investees in Sri Lanka, collectively referred to as the Group.

External Stakeholders

and Operating Environment

Financial and non-financial reporting boundaries are aligned with the Group’s operating environment and key stakeholders. The report outlines how we create, preserve and deliver value through our business activities.

5

12

Dialog Axiata PLC

Equity Accounted

Investees

Subsidiaries

Reporting Process

The Corporate Communications team leads the initiative to prepare the Annual Report and obtains written inputs from relevant departments and subsidiaries.

The Sustainability Department leads the process to identify material matters, involving key departments that engage with stakeholders

and operational departments. The material matters determined as set out on pages 48-50 are approved by the Board.

Departments and subsidiaries provide written responses to comprehensive questionnaires and contribute to relevant sections of the report, including information on various capitals.

Sections intended for publication are reviewed and approved by the respective Heads of Department.

Reports from Board Committees are approved and signed by their respective Chairs.

This structured process supports the integrity, accuracy and completeness of the information presented in this report.

Assurance

We adopt a combined assurance model to ensure the integrity of the information provided in this report. External assurance on the Company’s financial statements has been provided by Deloitte Partners, Sri Lanka (refer to pages 199-203 for the Assurance Statement on Financial Information).

Non-financial information has been independently assured by Deloitte Partners, Sri Lanka, to a limited level of assurance as defined by the SLSAE 3000 (revised) Assurance Standard (refer to pages 311 and 312 for the Assurance Statement on Non-Financial Information). Deloitte Partners, Sri Lanka has given assurance for the Framework, GRI Standards, GSMA, SASB, and SLFRS S1 and S2.

The Capitals

Financial Human Intellectual Natural

Capital Capital Capital Capital

Social and Relationship Capital

Manufactured

Capital

Stakeholders

Customers Employees Business

Partners

Government and Regulators

Communities Investors

Strategy

Restatements and Comparability of Information

The financial statements for the previous year have been restated for Property, Plant and Equipment and Intangible Assets which are set out in Note 36 to the financial statements on page 278.

There were no restatements of

non-financial information during the year.

Value Leadership

Market Leadership

Product and Ǫuality Leadership

Corporate

Leadership

About This Report

Scan the ǪR code to directly access the Dialog Annual Report 2025 online

Statement by the Board

The Management of Dialog Axiata PLC has prepared, reviewed and approved the Annual Report for the year ended 31 December 2025 to ensure that it presents a balanced review of the Group’s performance during this period.

The Board acknowledges its responsibility to ensure that the report provides a balanced view of its performance addressing all material issues that may have an impact on the Group’s capacity to create value over the short, medium and long-term. The acknowledgment of the Board's responsibility for the Annual Report and its content are given in the Annual Report of the Board of Directors on pages 194-197.

The report was approved by the Board of Directors on 14 May 2026. Signed on behalf of the Board

Mr. David Nai Pek Lau Chairman / Non-Independent, Non-Executive Director

Mr. Supun Weerasinghe

Group Chief Executive /

Non-Independent, Executive Director

Forward-Looking Statements

This report includes forward-looking statements based on external and internal information available at present to facilitate assessment of the Group’s prospects. These statements are associated with a high level of uncertainty due to volatility in the global and local economic environment. The outcomes and impacts of some of these statements relate to future events that are beyond our control and may have a significant impact in the Group’s ability to create value. Readers are advised to make their own judgements using the latest information available at the time

of assessment due to the elevated levels of uncertainty associated with such statements. All forward-looking statements are provided without recourse or any liability whatsoever to the Board or other preparers of the report due to the reasons enumerated above.

About Us

Dialog Axiata Group (Dialog), a subsidiary oF Axiata Group Berhad (Axiata), operates

Sri Lanka’s leading Ǫuad-Play Connectivity Provider. Dialog

Axiata PLC, listed on the Colombo Stock Exchange, is among the top five companies on the Exchange by market capitalisation

and is the market leader across Mobile, Digital Pay Television, Fixed Telecommunications and International Services, along with a robust Footprint in Digital Services, Financial Services, and IT Services. As Sri Lanka’s largest Foreign Direct Investor,

Dialog has invested over USD 3.45 billion in building the nation’s

digital inFrastructure and

connectivity ecosystem.

Serving a subscriber base of over

20 million Sri Lankans, Dialog delivers advanced mobile telephony and

high-speed broadband services, enabling inclusive digital access. As the leader in Pay Television and Home Broadband, the Company provides

world-class entertainment and superior fixed connectivity to households islandwide. Through continuous investment in next-generation technologies, including the launch of 5G and AI-driven innovations, Dialog

is committed to making the latest technology accessible and affordable to all Sri Lankans, empowering individuals, enterprises and communities alike.

The Company’s international presence includes roaming partnerships with over 650 operators across more than 200 global destinations, alongside strategic investments in multiple subsea cable systems across Asia, strengthening

Sri Lanka’s position in the global digital economy.

A recipient of six Global Mobile Awards, Dialog continues to receive recognition from both consumers and industry. The Company was named ‘Telecommunication Brand of the Year’

for the 14th consecutive year and ‘Service Brand of the Year’ for the

4th time at the SLIM-KANTAR People’s Awards in 2025 and was also recognised as the ‘Most Loved Service Brand’ and the ‘Most Loved Telecommunication Brand’ in Sri Lanka for 2025 by LMD. Dialog was further named among

Sri Lanka’s Top 10 Employers at the EFC National Best Employer Awards 2025. Having been ranked Sri Lanka’s most valuable brand from 2019 to 2023 by Brand Finance UK, the Company

has since garnered numerous local and international accolades, including the National Ǫuality Award, the Sri Lanka Business Excellence Award and the ACCA Sustainability Award.

Dialog is certified to ISO 9001:2015 (Ǫuality Management Systems), ISO 27001:2022 (Information Security Management Systems),

and ISO 14001:2015 (Environmental Management Systems). The Company was also the first telecommunications service provider in Sri Lanka to achieve ISO 27701:2019 certification for Privacy Information Management

Systems, reinforcing its commitment to governance and operational excellence.

About UsOur Vision

To be the undisputed leader in the provision oF multi-sensory connectivity resulting always, in the empowerment and enrichment oF Sri Lankan lives and enterprises.

Our Mission

To lead in the provision oF technology enabled connectivity touching multiple human senses and Faculties, through committed adherence to customer-driven, ethical, responsive and flexible business processes, and through the delivery oF quality service and leading edge technology unparalleled by any other, spurred by an empowered set oF dedicated individuals who are driven by an irrepressible desire to work as one towards a common goal in the truest sense oF team spirit.

Our Values

Service From the Heart

Exceptional PerFormance

Create the Future

Uncompromising Integrity

One Team

Champions oF Change

Responsible Leadership

Corporate Structure

Dialog Group Structure as at 31 December 2025

Dialog Axiata PLC

Dialog Finance PLC

99.05%

Wholly owned subsidiary Non-wholly owned subsidiary Associate company

Dialog Network Services (Private)

Limited

(100%)

Dialog Broadband Networks (Private) Limited

100%

Dialog Device Trading (Private) Limited

100%

Telecard (Private) Limited 100%

Digital Realty (Private) Limited 35%

H One (Private) Limited 100%

Dialog Television (Private) Limited 100%

Firstsource-Dialog Solutions (Private) Limited

26%

Digital Holdings Lanka (Private) Limited

100%

0.97%

Dialog Business Services (Private) Limited

100%

Communiq Broadband Network (Private) Limited 100%

Digital Health (Private) Limited 47.57%

Headstart (Private) Limited

62%

Digital Commerce Lanka (Private) Limited

99.03%

Dialog Axiata Digital Innovation Fund (Private) Limited

Ordinary Shares:

25%

Preference Shares:

95.74%

My Health Solutions (Private) Limited 100%

38% 17.09%

Awards and Recognition

SLIM-KANTAR People’s Awards 2025 Service Brand of the Year for the 4th time Telecommunication Brand of the Year

for the 14th consecutive year

LMD Brands Annual 2025

Most Loved Service Brand in Sri Lanka

Most Loved Telecommunication Brand in Sri Lanka

LMD Awards Night 2025

Recognition as one of the nation’s leading corporate brands in 2025

DEI Champions Awards 2025 by the Ceylon Chamber of Commerce

National Award for ‘Best DEI Initiative’

ACCA Sustainability Reporting Awards 2024

Non-Financial Services Category: Winner

Customer Centricity World Series Awards (CCWS) 2025

Best Measurement in Customer Experience: World Series Winner and APAC Regional Winner

Best Customer Experience Strategy: APAC Regional Winner

Customer Insight and Feedback – VoC: APAC Regional Winner

Great HR Awards 2025 by the Chartered Institute of Personnel Management (CIPM) Sri Lanka

Large Business Category: Overall Winner (Dialog Business Services)

Telecommunication, ICT and BPM Services: Sector Winner (Dialog Business Services)

Excellence Award for Best Reward Management: Winner (Dialog Axiata PLC)

National Best Employer Awards 2025 by the Employers' Federation of Ceylon (EFC)

Recognised among the Top 10 Employers

Our Socioeconomic Impact

Dialog plays a significant role in advancing Sri Lanka’s socioeconomic progress as the country’s #1 connectivity provider, delivering impact at individual, institutional, and national levels. With a market share oF 64%, Dialog contributes to Sri Lanka’s mobile penetration oF 126.7%*, enabling widespread access to digital connectivity across the island.

Beyond connectivity, Dialog’s digital ecosystem supports inclusive access to inFormation, services, and opportunities, strengthening economic participation and productivity. As a provider oF critical digital inFrastructure, Dialog enables public and private institutions to deliver essential services, drive innovation, and connect to global networks, contributing to national development and digital inclusion.

Direct Economic Value Generated and Distributed (Group)

FY2025

FY2024 FY2023

184,369,159

103,502,216

139,182,529

13,054,076

9,995,038

6,500,100

89,916

51,227,812

(all amounts are in Sri Lanka Rupees thousands)

Distribution of Value Added

12%

19%

14%

Foreign Direct Investment (FDI)

Dialog is Sri Lanka’s largest Foreign Direct Investor, with investments totalling USD 3.45 Bn

14%

To Employees To Government

To Lenders of Capital To Shareholders

Market Capitalisation

Dialog had a market capitalisation of Rs. 274.2 Bn as at

31 December 2025 which amounted to 3.4% of the market capitalisation of the Colombo Stock Exchange (CSE)

Taxes Paid to Government oF Sri Lanka

Dialog paid direct taxes amounting to Rs. 11.1 Bn and indirect taxes amounting to

Rs. 43.6 Bn

during 2025

*Source: Telecom Statistics oF Sri Lanka - Ǫ4 2025, Telecommunications Regulatory Commission oF Sri Lanka

A Growing Subscriber Base

Dialog recorded 2.5% growth in its total subscriber base which reached

22.3 million subscribers as at 31 December 2025 reflecting the strength and relevance of our customer value proposition.

Ngtwork TruTfic

Dialog recorded 18% growth in network traffic across wireless, wireline and broadband, reflecting rising demand for digital connectivity and services in an increasingly connected world. Growth in digital adoption, economic activity and increasing reliance on connectivity services supported strong demand.

4,620,235

Wireless Subscribers

156,794 212,171

Broadband Subscribers Dialog TV Subscribers

2,362,052,844

TraFfic Volumes (Petabytes)

2024: 5,305,741

13%

2024: 183,551

15%

2024: 191,793

11%

2024: 2,006,329,048

18%

SASB 3 TC-TL-000.A SASB 2 TC-TL-000.B SASB 1 TC-TL-000.C

Note: Figures represent subscriber gross additions For the year

SASB 4 TCL-TD.000.D

Supporting Livelihoods with the Government

Contributing to national development through partnerships across government institutions and private sector partners, Dialog enables inclusive digital solutions that support livelihoods and improve access to essential services.

> 1.1 Mn

Farmers

Reached through Govi Mithuru, the agricultural advisory service serving approximately 50% of Sri Lanka’s farming community

> 160,000

Fishermen

Reached through Sayuru, providing vital weather and emergency information to approximately 75% of Sri Lanka’s fishing community

Effective Distribution of Subsidies via Digital Application

Shishyadara is a national-level digital platform developed to enable the seamless and secure disbursement of educational subsidies to underprivileged students across the country. It is part of the Social Safety Net Subsidy Programme introduced by the Government of Sri Lanka and seeks to ensure that economically

underprivileged students have access to essential school supplies.

In Phase I of the project, an application was developed by Dialog and MillenniumIT ESP, digitalising a process that was manual, ensuring accessibility, transparency and efficiency. Eligible students are able to seamlessly

claim their allocated subsidies via ǪR codes at registered merchants, eliminating paperwork, minimising errors, and ensuring timely support.

The project was done in partnership with the Ministry of Education, Ministry of Finance, Planning and Economic Development, and MillenniumIT Esp.

> 450,000

Schoolchildren

Launch of Dialog 5G Ultra

Dialog launched Dialog 5G Ultra, making it the first operator in Sri Lanka to commercially enable 5G with over 220 sites and more than 1.5 million subscribers. The network has since expanded to over 1,000 live sites across all 25 districts. The Company secured 100 MHz in the 3500 MHz band and 200 MHz in the 27 GHz band at the spectrum auction conducted by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL),

supporting both wide-area coverage and high-speed enterprise solutions. Dialog plans to invest USD 100 million over two years to expand 5G nationwide.

It also leads in 5G roaming with partnerships in 76 countries and offers a variety of 5G devices and data plans. Dialog’s ongoing innovation strengthens Sri Lanka’s digital infrastructure, aiming to provide advanced connectivity for individuals, businesses, and visitors.

Our Socioeconomic Impact

Launch of India Asia Xpress (IAX) Submarine Cable System

Dialog launched the India Asia Xpress (IAX) submarine cable system to strengthen the country’s international network. With this, Dialog's investment in global connectivity infrastructure exceeds USD 100 million, achieved through partnerships with regional telcos and global hyperscalers led by Reliance Jio.

The IAX cable delivers high-speed, high-capacity bandwidth to support 5G, AI, and data-intensive applications, connecting Sri Lanka efficiently with content hubs in Mumbai, Chennai, and Singapore. This integration further establishes Sri Lanka as a regional digital leader.

The IAX cable enhances Sri Lanka’s digital infrastructure by adding resilience and complementing existing systems like Bay of Bengal Gateway (BBG) and Maldives Sri Lanka Cable (MSC). Advanced landing stations in Matara and Mount Lavinia provide reliable, secure connectivity for businesses and consumers.

Rebuilding after Cyclone Ditwah

Dialog worked closely with the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), Tri-Forces, Police, and the Disaster Management Centre to support emergency operations, while also providing extensive relief to affected

communities, delivering 4.5 million GB of free data quota, 1.4 billion of free voice minutes and 1.4 billion of free SMS, 10 million GB of emergency home broadband data, and complimentary access to 39 TV channels to keep the country informed and connected. Dialog also facilitated national early-warning communications by issuing over

4 million emergency alerts and supported humanitarian efforts that reached more than 400,000 affected families.

Dialog has pledged Rs. 420 million to support the Government’s Rebuilding Sri Lanka initiative following Cyclone Ditwah. The funding will aid recovery efforts in healthcare and education, including the restoration of key hospital infrastructure in partnership with the Ministry of Health. In education, Dialog will work with the Ministry of Education to refurbish computer labs and restore ICT infrastructure and connectivity across more than 20 cyclone-affected schools.

Trilingual AI Platform for Sri Lankans

Dialog launched Dialog AI,

Sri Lanka's first trilingual generative AI platform, available in Sinhala, Tamil, and English. Free for Dialog customers, it supports learning, business, and daily tasks by responding in users' preferred language, including informal styles like Singlish and Tanglish.

Dialog AI helps students, teachers, farmers, entrepreneurs, and those in tourism with tools like summarising notes, generating lesson plans, offering crop advice, or planning itineraries.

Prioritising accuracy, ease of use, personalisation, and data privacy, Dialog AI sets a new standard for local AI solutions, advancing digital inclusion and making AI accessible for all Sri Lankans.

Financial Highlights

Financial

Capital

2025 2024 2023

Financial PerFormance

Non-Financial Highlights

ManuFactured Capital

2025 2024 2023

Human Capital

*2023 and 2024 employee counts pertain to full-time employees (FTEs) of Dialog Axiata PLC (DAP), Dialog Broadband Networks (DBN) and Dialog Television (DTV), and exclude other subsidiaries.

**2025 employee counts represent FTEs across the entire Group, including all subsidiaries. On a comparable Group-wide basis, the total FTE count was 3,138 in 2024 and 3,273 in 2023.

Social and Relationship Capital

Intellectual Capital

Natural Capital

Catalysing

an Intelligent Future with AI

In 2025, Dialog introduced Dialog AI to Sri Lanka, the country’s first trilingual generative AI platform, designed to reflect local context while harnessing the power of artificial intelligence. Built to serve individuals and businesses alike, the platform enables smarter decisions, enhanced productivity and more intuitive digital experiences.

From education and entrepreneurship to enterprise and everyday life, Dialog AI is catalysing meaningful impact across the nation. By combining accessibility, personalisation and ease of use, it empowers Sri Lankans to unlock new possibilities and engage with technology in more relevant and transformative ways.

Leadership

18 Chairman's Message

22 Group Chief Executive’s Review

of Operations

28 Board of Directors

34 Corporate Management Team

Chairman’s Message

In 2025, Dialog delivered strong strategic progress while navigating a complex and

evolving operating landscape, reinForcing our commitment to building a more connected, inclusive and Future-ready Sri Lanka.

Dear Shareholders,

2025 marked a defining phase in Dialog’s journey, reflecting both the progress achieved and the complexities navigated over the course of the

year. Dialog remained focused on strengthening its core operations and advancing key strategic priorities, positioning the Company to navigate an increasingly dynamic operating landscape while delivering sustainable value to stakeholders.

As we move beyond the year under review, the external environment continues to shift, driven largely by the conflict in the Middle East. These developments are beginning to impact economies globally, with direct

implications for Sri Lanka through rising energy costs, supply chain disruptions, pressures on household incomes, and broader economic uncertainty.

In this context, maintaining disciplined execution, resilience, and vigilance will be critical as we navigate the period ahead. This will require a continued focus on operational efficiency, prudent financial management, and the ability to respond with agility to an increasingly uncertain environment.

Against this backdrop, the sections that follow present an overview of Dialog’s performance and strategic progress during the year.

Airtel Lanka Integration

A significant achievement during the year was the successful integration of Airtel Lanka. Executed within record timelines, the integration saw the completion of radio access network (RAN) consolidation within 100 days, with IT integration also completed ahead of plan.

The integration delivered tangible outcomes across key strategic priorities, including improved spectrum utilisation to enhance network performance,

asset re-use through the redeployment of infrastructure to optimise capital expenditure, and the realisation of cost synergies that strengthened operational efficiency. Importantly, the integrated operation turned profitable within four months of consolidation, reflecting the effectiveness of these initiatives.

This milestone reflects Dialog’s ability to execute complex transformation at scale, supported by disciplined planning and strong alignment across teams.

Sri Lanka’s First and Largest 5G Deployment

In December, Dialog was successful in securing 5G spectrum on the 3500 MHz and 27 GHz bands paving the way for the commercial launch of next-generation broadband services in the country.

As the first operator to commercially enable 5G in the country, Dialog scaled its 5G footprint to connect over

1.5 million subscribers, establishing the largest 5G network in Sri Lanka. This investment represents a critical step in enabling next-generation connectivity. Beyond speed, 5G provides the foundation for innovation, enterprise enablement, and the continued evolution of Sri Lanka’s digital economy. Dialog will continue to expand its 5G network, recognising its role in supporting long-term national competitiveness.

Digitul PlutTorms und Artificiul

Intelligence

Dialog continued to advance its digital platforms through the introduction of Dialog AI, Sri Lanka’s first trilingual generative AI platform.

By enabling access in Sinhala, Tamil, and English, the platform supports broader inclusion and accessibility, allowing individuals and enterprises to engage with emerging technologies in a locally relevant manner. The evolution of Govi Mithuru AI further extended these capabilities to the agriculture sector, providing intelligent, real-time advisory services that support improved productivity and informed decision-making.

These initiatives reflect Dialog’s commitment to leveraging technology to expand access and create meaningful impact across communities, while supporting broader economic participation and Sri Lanka’s transition towards a more digitally enabled future.

Cyclone Ditwah

The events surrounding Cyclone Ditwah placed significant strain on national infrastructure and highlighted the critical importance of reliable connectivity during times of disruption. The cyclone affected communities across the country, causing widespread

loss and hardship. Our thoughts remain with impacted families and communities as they continue to recover.

The scale and complexity of the situation required a coordinated and sustained response across multiple stakeholders.

Dialog mobilised a rapid, nationwide effort to restore connectivity and support emergency operations, working in close collaboration with regulatory authorities, the Tri-Forces, and other Government agencies. Restoration of network services was achieved within

a short time frame, reflecting both the resilience of the network and the

dedication of the Dialog team operating under challenging conditions.

In parallel, Dialog supported customers and communities by enabling continued access to essential communication services, while contributing to

broader national response efforts. Dialog also pledged Rs. 420 million towards national recovery initiatives in health and education, supporting the restoration of critical healthcare infrastructure and the refurbishment of digital facilities in schools to enable continued access to education,

alongside support extended to affected communities during this period.

This experience has reinforced the importance of building more resilient and future-ready infrastructure,

and Dialog remains committed to strengthening its network to better withstand climate-related disruptions.

Financial Performance

Dialog delivered a strong financial performance during the year, supported by improving macroeconomic conditions and a continued focus on cost discipline and operational efficiency.

Group revenue grew by 4.9% year-on-year to Rs. 179.6 billion, reflecting contributions across all business segments, including the

integration of Airtel Lanka. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 30% to Rs. 86.0 billion, supported by topline growth and cost rationalisation initiatives. Net Profit After Tax (NPAT) grew by 67% to a record Rs. 20.8 billion, despite higher tax and finance costs during the year. Earnings per share increased by 58% to Rs. 2.26, reflecting the strengthening of overall profitability.

Dialog also strengthened its financial position through improved operating free cash flow generation and a reduction in leverage, maintaining a resilient balance sheet while continuing to invest in strategic priorities.

Continuing its commitment as Sri Lanka’s largest foreign direct

investment (FDI), the Company invested Rs. 20.2 billion, primarily directed towards strengthening high-speed broadband infrastructure, including the expansion of 5G and broader digital capabilities. These investments, which now surpass USD 3.45 billion since inception, reflect Dialog’s continued commitment to building digital infrastructure that enables inclusive and sustainable growth.

In addition, Dialog’s total contribution to the Government of Sri Lanka in 2025 amounted to Rs. 54.7 billion comprising Rs. 11.1 billion in direct taxes and

Rs. 43.6 billion in indirect taxes, reflecting its continued role as a significant contributor to national economic development.

Shareholder Value

Dialog’s performance during the year translated into strong value creation for shareholders. The Company’s share price increased by 2.5 times during

the year, closing at Rs. 29.8, while market capitalisation increased to Rs. 274.2 billion. Dialog continued to rank among the top five listed companies on the Colombo Stock

Exchange, contributing approximately 3.4% of total market capitalisation.

Chairman’s Message

In line with its dividend policy, the Board proposed a dividend of Rs. 1.5 per share, translating to a dividend yield of 5%, reflecting the Company’s commitment to delivering sustainable shareholder returns. These outcomes reflect sustained investor confidence and Dialog’s focus on long-term value creation.

Sustainability and Governance

Sustainability continues to be a core pillar of Dialog’s long-term strategy, shaping how the Company manages risk, allocates capital, and delivers value to stakeholders. Aligned with evolving regulatory requirements and international reporting standards, Dialog’s approach integrates environmental stewardship, social

inclusion, and strong governance into its overall business model.

Dialog continued to advance its environmental priorities through a structured focus on energy efficiency, responsible resource management, and long-term climate resilience.

Aligned with its Net Zero ambition for 2050, the Company is focused on reducing its carbon footprint and

transitioning towards more sustainable energy sources, recognising the critical role connectivity plays in supporting national continuity, particularly in times of disruption.

Beyond connectivity, Dialog’s role extends to enabling meaningful participation in an increasingly digital society. Through its platforms and services, the Company continues to expand access to education, financial inclusion, and livelihood support.

Initiatives such as Dialog AI and Govi Mithuru AI, alongside ongoing investments in education through programmes such as Shishyadara,

reflect a deliberate focus on inclusive innovation, ensuring that the benefits of digitalisation are accessible, relevant, and impactful across all segments of society.

Governance remains fundamental to sustaining stakeholder trust and long-term value creation. Dialog continues to uphold high standards of transparency, accountability, and ethical conduct, supported by robust

risk management practices and Board oversight. The Company’s continued alignment with evolving regulatory and disclosure requirements further reinforces its commitment to credible and transparent reporting.

Looking Ahead

As we look ahead, Dialog remains

well-positioned to build on the progress achieved during the year. The Company will continue to strengthen its core business, advance digital infrastructure, and expand platforms that enable innovation and inclusion, with investments in 5G, digital platforms, and emerging technologies playing a central role in shaping future growth.

At the same time, ongoing geopolitical developments, including tensions in the Middle East, continue to create uncertainty across global markets, particularly in relation to energy

prices and supply chain stability. For Sri Lanka, these developments are already translating into rising fuel and electricity costs, alongside renewed pressures on economic recovery.

In this environment, maintaining agility, discipline, and resilience will be critical as we navigate the period ahead. Dialog remains vigilant to these external dynamics, maintaining a prudent and measured approach to managing potential impacts.

I recognise with appreciation Dialog’s role in re-implementing the National Fuel Pass, first introduced in 2022 during the economic crisis, which reflects its contribution to supporting the country in navigating challenges at critical moments, in collaboration with public and private sector stakeholders.

Changes to the Board

In January 2025, Dr. Hans Wijayasuriya stepped down from his role, and the Board extends its sincere appreciation for his longstanding contributions

and leadership. Over the years, his stewardship has played a significant role in shaping Dialog’s strategic direction and advancing Sri Lanka’s digital landscape. We wish him continued success in his future endeavours.

We are pleased to welcome Mr. Vivek Sood to the Board and look forward to the perspective and experience he

brings in supporting Dialog’s continued growth and strategic priorities.

The Board also extends its appreciation to Mr. Chari TVT, who served as

an Independent, Non-Executive Alternate Director to Mr. Willem Lucas Timmermans, for his valuable contributions during his tenure. I am grateful to my fellow Board members, past and present, for their continued

commitment, stewardship, and strategic guidance. Their collective experience and dedication have been instrumental in upholding the trust placed in us by our shareholders and stakeholders, while ensuring that Dialog remains a resilient, responsible, and

forward-looking organisation.

Appreciation

On behalf of the Board, I extend our sincere appreciation to all our

stakeholders for their continued trust and support. We are grateful to the Government of Sri Lanka, regulatory authorities, and industry partners

for their guidance and support in enabling the continued development of the country’s digital ecosystem and fostering a stable and progressive operating environment.

I also wish to thank our customers for the confidence they place in us, and our business partners for their continued

support as we work together to deliver meaningful and relevant solutions. Our appreciation extends to our shareholders for their continued confidence in Dialog’s direction and long-term strategy.

Finally, I would like to acknowledge and thank our employees for their dedication, resilience, and commitment, particularly in navigating a year that presented both challenges and opportunities, to achieve an excellent 2025. Their efforts remain central to Dialog’s continued progress and success.

Together, we remain committed to contributing towards a more connected, inclusive, and future-ready Sri Lanka, as we continue to deliver on our promise of 'The Future.Today.'

Thank you.

Mr. David Nai Pek Lau Chairman / Non-Independent, Non-Executive Director

30 April 2026

Group Chief Executive’s Review of Operations

With the trust oF our customers, the dedication oF our

people, the confidence oF our shareholders and the support oF our stakeholders,

we look ahead with confidence and humility. We remain committed to building a more connected, inclusive and digitally empowered Sri Lanka, while delivering sustainable value to all those we serve.

Dear Shareholders,

2025 marked an important phase in Dialog’s ongoing transformation. As the operating environment in Sri Lanka showed gradual signs of stabilisation, we remained focused on advancing our strategic priorities while navigating a landscape that continued to present both opportunities and challenges.

Guided by clear focus areas, ranging from execution excellence, delivering tier-one telco performance, customer experience, innovation, governance, people, and national responsibility, we concentrated on strengthening execution, improving the quality of

growth, and building a business that is better positioned for the future.

Execution excellence: Completed the Airtel Lanka integration and accelerated synergy capture,

strengthening network economics and enabling earlier delivery of customer, business, and financial outcomes.

Exceptional financial performance: Delivered responsible market growth with stronger earnings quality. Group revenue increased 4.9% to

Rs. 179.6 billion, core service revenue grew 16% to Rs. 174.7 billion, Group EBITDA rose 30% to Rs. 86.0 billion, and NPAT increased 67% to

Rs. 20.8 billion, supported by cost discipline and portfolio simplification.

Strong balance sheet and governance: Further de-risked the Group,

with total borrowings reduced to

Rs. 76.5 billion and net USD exposure reduced to USD 10.5 million, while strengthening corporate governance, cybersecurity, data privacy, and

anti-bribery and corruption standards.

Consistent shareholder value creation: Sustained returns with a proposed dividend of Rs. 1.50 per share, translating to a 5% dividend yield and a total shareholder return of 160%, underpinned by stronger cash generation and a resilient capital structure.

Customer excellence through enhanced product functionality, network experience and digital excellence: Enhanced network experience and scaled digital platforms to make service simpler and more responsive, powered

by staff committed to delivering “Service From the Heart.”

Driving Sri Lanka’s digital infrastructure: Expanded next-generation connectivity,

including scaling the 5G network from 220 sites at launch to over 1,000 sites, while working to make broadband more affordable, available, and relevant for all.

Championing innovation and digital financial inclusion: Progressed our brand promise of 'The Future.Today.' by expanding digital payments

and inclusion through eZ Cash and Genie, and by broadening AI and digital platforms for everyday use cases.

Building a next-generation organisation with a purpose-driven, high-performing team: Continued to build a culture that embraces diversity, equity and inclusion (DEI), develops future-ready capabilities,

and mobilises our people to catalyse change and drive the next wave of growth.

Standing by Sri Lanka in times of need: Demonstrated our role as essential national infrastructure, completely restoring the network within seven days after Cyclone Ditwah, supporting impacted communities and institutions, and continuing to advance sustainability through lower-carbon operations and platforms such as Govi Mithuru and Sayuru.

Our role in supporting Sri Lanka’s digital transformation continues to deepen.

Beyond connectivity, we are increasingly focused on enabling digital access, enterprise capability, and platform-based services that support individuals, businesses, and institutions. This requires a coordinated approach across network investment, digital channels, enterprise solutions, and financial discipline, ensuring that growth is both sustainable and aligned with national priorities.

Cyclone Ditwah further highlighted the importance of resilience in national

digital infrastructure and reinforced our responsibility as a provider of essential connectivity.

We remain guided by a balanced approach to performance, ensuring that innovation is matched with affordability, expansion with resilience, and ambition with disciplined stewardship.

"We remain guided by

a balanced approach to perFormance, ensuring that innovation is matched with aFFordability, expansion with resilience and ambition with disciplined stewardship."

The progress achieved in 2025 reflects the efforts of our people, the trust

of our customers, and the continued support of our shareholders and stakeholders. For this, I extend my sincere appreciation.

2025 focus areas and performance review

Over the past two years, we have taken steps to reshape the portfolio, strengthen the balance sheet, and improve cost structures. In 2025, these actions translated more clearly into outcomes, including accelerating value realisation from integration, strengthening financial resilience and governance, improving service

experience through network and digital platforms, and advancing a digital-first, AI-powered operating model. Growth was not pursued in isolation, but alongside improvements in efficiency, resilience, and long-term sustainability.

The completion of the Airtel Lanka integration enabled us to convert scale into stronger network economics and a more streamlined operating model. We continued to invest in next-generation infrastructure, including the commercial launch of 5G, while also advancing AI adoption across the business to enhance customer experience, operational efficiency, and sector-specific solutions.

The progress achieved in FY2025, as outlined below, reflects a more

deliberate and disciplined approach to how we operate and invest.

1. Execution excellence: Airtel integration and synergy realisation

   From the outset, the integration was guided by a clear strategic intent.

   Beyond expanding the subscriber base, the focus was on improving network economics, enabling more efficient spectrum utilisation, reducing structural duplication, and supporting a more sustainable investment environment for digital infrastructure in Sri Lanka.

   "Growth was not pursued in isolation, but alongside improvements in eFficiency, resilience and long-term sustainability."

   FY2025 was defined by disciplined execution, most notably the completion of the Airtel Lanka integration and

   the accelerated value realisation that followed.

   IT integration was completed within 13 months, with duplicate legacy platforms progressively retired.

   Synergy delivery in FY2025 was approximately 1.6 times ahead of plan, with combined revenue and opex synergies over the 18 months ended December 2025 amounting to Rs. 13.3 billion.

   The programme improved capital efficiency through asset reuse and reduced duplication, strengthening our ability to invest in future technologies on a more sustainable basis.

   The combined network helped improve access to connectivity for Airtel subscribers while improving broadband speeds for all users in the combined network.

2. Exceptional financial perFormance: responsible growth and sustainable returns

   We continued to embed efficiency into how the business is designed and run, improving cost-to-serve, asset

   utilisation, and investment governance, so that performance improvements are sustainable and can be reinvested into the experience and resilience of the network.

   Our ambition remains clear: to perform at best-in-class, tier-one standards, while balancing value realisation

   with affordability and long-term sustainability. FY2025 saw a step-up in earnings quality and operating leverage, supported by sharper revenue mix and continued operating discipline.

   Group Chief Executive’s Review of Operations

   "The Company continued to be a strong contributor to tax revenues. Total remittances to the Government oF Sri Lanka

   amounted to Rs. 54.7 billion

   in FY2025, comprising

   Rs. 11.1 billion in

   direct taxes (up 5%) and Rs. 43.6 billion (up 19%) From indirect taxes."

   Group revenue increased 4.9% to Rs. 179.6 billion; Group earnings before interest, tax, depreciation and amortisation EBITDA increased 30% to Rs. 86.0 billion; Group net profit after tax (NPAT) increased 67% to Rs. 20.8 billion (normalised NPAT Rs. 22.1 billion).

   At Company level, revenue increased 17.4% to Rs. 135.8 billion and EBITDA increased 32% to Rs.

   63.6 billion, supported by synergy capture and cost rescaling.

   Delivered over Rs. 5 billion in cost savings and efficiency gains, driven by network optimisation, digital enablement, IT and cloud efficiency, and productivity improvements.

   Lowered customer acquisition costs by over 20% year-on-year, supported by improved digital

   journeys and lifecycle management.

   Operating free cash flow increased to Rs. 49.3 billion, strengthening our capacity to reinvest and sustain shareholder returns.

   The Company continued to be a strong contributor to tax revenues. Total remittances to the Government of Sri Lanka amounted to

   Rs. 54.7 billion in FY2025, comprising Rs. 11.1 billion in direct taxes (up 5%) and Rs. 43.6 billion (up 19%) from indirect taxes.

   Strengthened investment governance through tighter prioritisation, value-based planning, and improved asset reuse. We invested Rs. 20.2 billion (11% of revenue) towards network expansion and digital platforms, supported

   by integration-driven efficiencies and asset reuse. Dialog remains the largest FDI in the country with cumulative investments exceeding USD 3.45 billion as of FY2025.

3. Strong balance sheet and corporate governance

   We continued to strengthen resilience in the balance sheet and governance, reducing exposure to external volatility and ensuring the business can fund long-term investment requirements with confidence.

   Total borrowings reduced from Rs. 107.7 billion to Rs. 76.5 billion; net debt to EBITDA remained at 0.64x; net USD exposure declined

   to USD 10.5 million (approximately 96% lower than FY2022).

   Funding efficiency improved through the execution of a reverse auction, enabling the sourcing of lower-cost, long-term fixed-rate funds and increasing the proportion of fixed-rate borrowings within the debt portfolio.

   The Group maintained its AAA (lka) rating with a stable outlook, reinforcing confidence among investors and partners.

   As digital services scale, we strengthened cybersecurity, data privacy, and integrity controls, alongside a continued focus on anti-bribery and anti-corruption standards.

4. Best perForming telco stock: consistent shareholder value creation

   FY2025 performance translated into tangible shareholder outcomes,

   reflecting increased confidence in the sustainability of our recovery and the discipline underpinning our capital allocation.

   DIAL share closed FY2025 at Rs. 29.8, representing a 155% increase during the year; market capitalisation increased to

   Rs. 274.2 billion.

   The Board proposed a dividend of Rs. 1.50 per share for FY2025 (5% dividend yield), totalling

   Rs. 13.8 billion, balancing shareholder returns with continued reinvestment capacity.

5. Delivering customer experience: network quality, digital platForms and “Service From the Heart”

   Customer experience remained central to our strategy in FY2025. We focused on strengthening reliability and relevance of our services, while

   improving how customers interact with us across physical and digital channels, delivered by teams committed to “Service From the Heart.”

   Strengthened value realisation in Mobile business through improved propositions, pricing optimisation, and enhanced customer lifecycle management.

   Continued the shift in fixed broadband towards improved speeds and coverage, with a focus on prepaid broadband and

   enterprise connectivity, while scaling down low-margin international wholesale traffic.

   Improved experience governance and accountability across touchpoints; the MyDialog App continued to scale as a primary interface for transactions, service management, and support.

   Scaled digital self-service and digitised core customer journeys (buy, bill, pay, service) to improve consistency and reduce friction.

   Continued simplification of technology architecture and

   cloud-enabled improved scalability and speed of delivery.

   Overview	Leadership	Strategic	Management Discussion	Governance and	Financial	Supplementary
   		Report	and Analysis	Risk Management	Statements	Information

   Launched Dialog Play, strengthening the long-term entertainment proposition and media consumption across mobile and large screens. Our sports platform, ThePapare, expanded its reach, cementing its position as the number one sports content provider and secured exclusive Sri Lanka media rights for

   all ICC events (2026–2028), which will further deepen engagement across television and digital platforms.

6. Driving Sri Lanka’s digital inFrastructure: 5G and

   next-generation broadband For all

   We continued to invest in Sri Lanka’s digital infrastructure, expanding next-generation connectivity and progressing 5G as a foundational platform for future services, while maintaining a focus on making

   broadband more affordable, available, and relevant to all.

   Secured spectrum in both the 3500 MHz and 27 GHz bands to support a balanced approach to coverage and high-capacity, low-latency use cases.

   Commercially launched Dialog 5G Ultra with over 220 sites and scaled the network to over 1,000 sites across all 25 districts.

   Committed to invest USD 100 million over the next two years, reflecting our view of 5G as a platform for future digital services and enterprise applications.

   Continued to strengthen the role of fibre and, over time, 5G-based broadband solutions in supporting home broadband, enterprise

   connectivity, and data-driven services.

7. Championing innovation: digital financial inclusion, AI For all, and enterprise digitisation

   We progressed our brand promise of 'The Future.Today.' by scaling innovation across consumer and enterprise use cases, expanding digital finance,

   "We continued to invest in Sri Lanka’s digital inFrastructure, expanding

   next-generation connectivity and progressing 5G as a Foundational platForm For Future services."

   increasing the accessibility of AI, and strengthening solution-led capabilities that help businesses accelerate their own digital transformation.

   Expanded digital payments and inclusion through eZ Cash and Genie, strengthening accessible financial services and transaction platforms.

   Introduced Dialog AI, Sri Lanka’s first trilingual generative AI platform, increasing accessibility across Sinhala, Tamil, and English.

   Strengthened enterprise capabilities across cloud, cybersecurity,

   IoT, managed services, and software-defined networking, supported by partnerships and ecosystem collaboration.

8. Building a next-generation organisation: purpose-driven, digital-first and AI-powered

Our progress in FY2025 was enabled by the commitment of our people and a culture that prioritises customer impact, disciplined execution, teamwork and responsible leadership. We continued to build a high-performing, purpose-led organisation that embraces DEI and develops future-ready capabilities.

We accelerated the shift towards a simplified, digital-first operating model, using automation and AI to improve speed, productivity, and decision quality across frontline, back office, and technology functions.

Continued to strengthen organisation-wide AI fluency and practical adoption through focused capability-building initiatives.

Continued to strengthen DEI as a core enabler of performance, alongside capability building to

support digital-first and AI-powered ways of working.

Recognised and reinforced a service culture that is committed to delivering “Service From the Heart” across customer touchpoints.

Standing by Sri Lanka: national responsibility, inclusion and sustainability

As a provider of essential national infrastructure, we continued to stand by Sri Lanka, responding to crises, enabling inclusion through platforms, and advancing energy efficiency and decarbonisation across our footprint.

Following Cyclone Ditwah, approximately 2,200 of 6,000 sites were impacted; our teams restored the network fully within seven days, working closely with public institutions and disaster response agencies.

Committed USD 250 million over the next three years towards strengthening climate-resilient infrastructure and committed

Rs. 420 million towards national rebuilding efforts to support healthcare and education infrastructure in affected communities.

"Committed USD 250 million over the next three years towards strengthening climate-resilient inFrastructure and committed Rs. 420 million towards national rebuilding eFForts to support healthcare and education inFrastructure in aFFected communities."

Group Chief Executive’s Review of Operations

Scaled inclusion platforms: Govi Mithuru supported over 1.1 million farmers; Sayuru reached over 160,000 fishermen; Shishyadara, the digital platform to distribute stationery vouchers co-developed with MillenniumIT ESP, enabled support to over 450,000 students; and platforms such as DeafTawk and Yeheli expanded accessible services.

Advanced environmental sustainability and energy efficiency: solar deployments reached 1,067 sites by end-2025, aligned to broader net zero ambitions through energy optimisation and renewable adoption.

Outlook for 2026 and Beyond

As we look ahead, Dialog enters 2026 from a position of strengthened

fundamentals, improved scale, stronger financials, a resilient balance sheet, and a more efficient operating model. We will build on the same focus areas that shaped our execution in FY2025, sustaining discipline in how we invest, operate, and serve customers, while

accelerating the next phase of growth in connectivity, platforms, and enterprise solutions powered by 5G and AI.

1. Sustain perFormance and financial discipline amid external volatility

   We will remain focused on sustaining earnings quality, cash generation, and balance sheet resilience while navigating challenging externalities, including potential spill-over impacts from the Middle East crisis on energy prices and availability, inflation, and currency dynamics.

   We will aim for stable execution against our financial discipline agenda, with continued focus on returns-led investment and prudent risk management.

   "As we look ahead, Dialog enters 2026 From a position oF strengthened

   Fundamentals, accelerating the next phase oF growth in connectivity, platForms and enterprise solutions powered by 5G and AI."

2. Strengthen network inFrastructure resilience to adverse weather and natural disasters

   Building on the lessons from Cyclone Ditwah, we will accelerate resilience investments across critical infrastructure, enhancing redundancy, hardening key sites, improving backup power capability, and strengthening restoration readiness to reduce the impact of extreme events on customers and essential services.

   We will aim for stronger service continuity during disruptions and faster restoration through improved resilience and operational preparedness.

3. Operational excellence: best network, best experience and most trusted brand

   We will continue to raise the bar on operational excellence, delivering a network that is smarter and greener, an experience that is consistent, proactive, and preventive, and reinforcing Dialog’s position as the most trusted partner for Sri Lankans across consumer, home, and enterprise needs.

   We will aim for sustained improvements in network experience and service outcomes, supported by higher efficiency and trust-led brand strength.

4. Operating model: simpliFy, standardise, digital-first and AI-powered

   We will further simplify and standardise end-to-end business processes, accelerating digital-first execution and scaling AI across value delivery, from customer operations and decisioning to network, IT, and support functions, to improve speed, quality, and productivity.

   We will aim for fewer handoffs and rework, higher digital adoption across core journeys, and measurable productivity gains from automation and AI.

5. Win with 5G: accelerate deployment and adoption to drive the next wave oF broadband growth

   We will drive the next wave of broadband growth through accelerated 5G deployment and adoption, prioritising high-impact clusters and use cases while ensuring that investment remains disciplined and anchored in customer value and network experience.

   We will aim towards growing adoption and a clear expansion of 5G-led propositions across consumer, home broadband, and enterprise use cases.

6. Champion Sri Lanka’s digital economy through digital payments, AI and next-generation enterprise technology

   We will deepen our role in enabling Sri Lanka’s digital economy by scaling digital payments, expanding AI-driven services, and strengthening next-generation technology solutions for enterprises, supporting productivity, security, and resilience across key sectors.

   We will aim for stronger ecosystem participation through higher adoption and usage of digital payments,

   and increased enterprise outcomes enabled through advanced ICT, cloud, cybersecurity, and AI.

7. Sustainability: reduce carbon Footprint, expand access and inclusion, and strengthen DEI

We will continue to embed sustainability into how we operate and invest, reducing our carbon footprint through energy efficiency and renewable adoption, expanding

access to education and digital inclusion through platforms and partnerships, and strengthening DEI as a core enabler of a high-performing organisation.

"We will aim For sustained progress on decarbonisation and inclusion priorities, supported by responsible operations and an inclusive, Future-ready culture."

We will aim for sustained progress on decarbonisation and inclusion priorities, supported by responsible operations and an inclusive, future-ready culture.

Across these priorities, we will remain anchored in financial discipline, resilience, and responsible stewardship, ensuring that investments in digital infrastructure, platforms, and capabilities are guided by long-term returns, affordability, and national value creation.

Appreciation

I would like to extend my sincere appreciation to all those who contributed to Dialog’s progress in 2025.

To our customers, thank you for your continued trust. In a year that tested both infrastructure and institutions, your confidence in Dialog remained a constant source of responsibility and motivation.

To our shareholders, including Axiata Group Berhad and Bharti Airtel, thank you for your continued support and confidence in our long-term direction.

Your belief in both Sri Lanka and in Dialog enables us to invest with

conviction and take a long-term view of value creation.

To the Government of Sri Lanka, the Telecommunications Regulatory Commission of Sri Lanka, the Central Bank, the Board of Investment, and other public institutions, I extend

my appreciation for your continued collaboration. Our progress during the year, from integration and infrastructure expansion to crisis response and recovery support, was strengthened by effective public-private partnership.

I also thank our Chairman and the Board of Directors for their guidance and stewardship, and our partners and vendors for their continued support

in delivering quality services and advancing our capabilities.

Above all, I thank the Dialog team. Whether in driving integration, restoring the network under extreme conditions, advancing digital platforms, or strengthening the economics of

the business, your commitment, team work, ‘Yes We Can’ attitude and professionalism have been central to our progress.

In Conclusion

Dialog enters 2026 as a stronger, more resilient, and more future-ready

enterprise. Over the past two years, the Company has moved beyond recovery towards structural strengthening, improving revenue quality, strengthening financial performance, reinforcing the balance sheet, and building the next generation of digital infrastructure and services.

During this period, we have completed one of the most significant integrations in our history, launched commercial

5G services, expanded our digital platforms, strengthened free cash flow and profitability, and demonstrated our role as a trusted national partner during a time of disruption.

"Above all, I thank the Dialog team. Whether in driving integration, restoring the network under extreme conditions, advancing digital platForms or strengthening the economics oF the business, your commitment, teamwork, ‘Yes We Can’ attitude and proFessionalism have been central to our progress."

Our purpose remains unchanged: to empower and enrich Sri Lankan lives and enterprises through technology. What continues to evolve is how we deliver on that purpose, with greater scale, deeper capability, and stronger alignment to the country’s digital future.

From future-ready connectivity and enterprise solutions to AI-enabled platforms and inclusive digital services, Dialog remains committed to supporting Sri Lanka’s next phase of progress.

With the trust of our customers, the dedication of our people, the confidence of our shareholders, and the support

of our stakeholders, we look ahead with confidence and humility. We remain committed to building a more connected, inclusive, and digitally empowered Sri Lanka, while delivering sustainable value to all those we serve.

Mr. Supun Weerasinghe Group Chief Executive, Dialog Axiata PLC

30 April 2026

Board of Directors

Mr. David Nai Pek Lau

Chairman / Non-Independent,

Non-Executive Director

Mr. Supun Weerasinghe

Group Chief Executive / Non-Independent, Executive Director

Mr. Visvanathamoorthy ("Vish") Govindasamy

Independent, Non-Executive Director

Mr. Willem Lucas Timmermans

Independent,

Non-Executive Director

Mr. Randeep Singh Sekhon

Non-Independent, Non-Executive Director

Dr. Sharmini Coorey

Independent,

Non-Executive Director

Mr. Vivek Sood

Non-Independent, Non-Executive Director

Ms. Komathi Balakrishnan

Non-Independent, Non-Executive Director

Mr. Thomas Hundt

Non-Independent, Non-Executive Director

Board of Directors

Mr. David Nai Pek Lau

Chairman / Non-Independent, Non-Executive Director

Mr. David Lau was appointed as the Chairman of the Board of Directors of Dialog Axiata PLC with effect from

1 July 2020 and as a member of the Board with effect from 13 May 2020.

Mr. Lau has over 35 years of professional experience in finance and leading financial organisations in various locations in Australia,

Brunei, China, Malaysia, New Zealand, Netherlands and the UK. Mr. Lau retired from Shell Malaysia in August 2011 after serving the Shell Group for about 30 years. His major assignments include the Finance Director for Shell Malaysia, Finance Director for Shell China, Global Controller for the Exploration and Production Division of Royal Dutch Shell, and Vice-President Finance for Shell International Exploration and Production B.V., in the Netherlands.

Mr. Lau was an Independent Non-Executive Director of Axiata

Group Berhad from April 2008 to July 2020, the last 2 years as the Senior Independent Non-Executive Director. From June 2009 to October 2020, he was an Investment Panel member of the Malaysia Employees Provident Fund. He is also a board member of Heineken Malaysia Berhad and KKB Engineering Berhad. Mr. Lau was also appointed as an Independent and

Non-Executive Chairman of Boost Bank Berhad, effective 15 January 2024.

Mr. Lau graduated from the Canterbury University, New Zealand with a Bachelor of Commerce and is a Member of the Malaysian Institute of Accountants.

Mr. Supun Weerasinghe

Group ChieF Executive /

Non-Independent, Executive Director

Mr. Supun Weerasinghe is the Executive Director and Group Chief Executive

at Dialog Axiata PLC, a position he holds since 2017. His career in

telecommunications began with Dialog in 1999, where he progressed through various key roles, including Head of Strategy, Chief Executive Officer of

the Mobile Business, and Group Chief Operating Officer.

In 2013, Mr. Weerasinghe functioned as the Group Chief Strategy Officer at Axiata Group Berhad in Malaysia. He then led Robi Axiata Limited in Bangladesh as the Chief Executive Officer and Managing Director from 2014 to 2016.

Mr. Weerasinghe serves on the Boards of Hemas Holdings PLC, the Ceylon Chamber of Commerce, and United Nations Global Compact (UNGC) Network, Sri Lanka.

He is a Fellow Certified Management Accountant, Sri Lanka, Fellow Member of the Chartered Institute

of Management Accountants, UK, and holds a Bachelor of Science in Accountancy and Financial

Management from the University of Sri Jayewardenepura, Sri Lanka.

Mr. Weerasinghe holds an MBA from the University of Western Sydney, Australia, and is an alumnus of the Harvard Business School.

Mr. Willem Lucas Timmermans

Independent, Non-Executive Director

Mr. Willem Lucas Timmermans was appointed to the Board of Dialog Axiata PLC on 10 May 2017.

Mr. Timmermans served as a Director of PT XL Axiata Tbk, a subsidiary of Axiata Group Berhad, from 2006 until March 2018.

Mr. Timmermans commenced his career in Finance at TVM Insurance Company Netherlands and held strategic positions in KPN Netherlands from 1988 until 1997. Mr. Timmermans furthered his career and served as the Finance Director of PT Bakrie Elektronik (Indonesia) and was appointed Vice-President Business Control and Investor Relations of PT Telkomsel (Indonesia) prior to his appointment as Director and Chief Financial Officer of PT XL Axiata Tbk (Indonesia) in 2006. In 2011, he served as a Director and Chief Operating Officer and in 2015

as Director and Chief Strategic and Transformation Officer of PT XL Axiata Tbk.

He also served as a Non-Executive Director of Celcom Axiata Berhad (Malaysia) from 2011 to 2017.

Mr. Timmermans currently serves as an Independent Commissioner to PT XLSmart Telecom Sejahtera, the Chairman of the BAC of PT XLSmart

and a member of the BRCC. In addition, he is a member of the BAC of PT Buma International Group Tbk (previously known as Delta Dunia Makmur).

Mr. Timmermans holds degrees in Business Administration from the Business Administration and Economics School of the State University Groningen, Netherlands and Business Economics and Financing from the State University of Groningen, Netherlands. Additionally, he is a member of the Institute of Certified Management Accountants (CMA), Australia.

Dr. Sharmini Coorey

Independent, Non-Executive Director

Dr. Sharmini Coorey was appointed to the Board of Dialog Axiata PLC on

15 October 2022.

Dr. Coorey is a former Department Director of the International Monetary Fund (IMF) and a former member of the Presidential Advisory Group on Multilateral Engagement and Debt

Sustainability advising the Government of Sri Lanka during the economic crisis. Her 35 years of experience at the IMF includes surveillance and programme work in a range of advanced, emerging market, and developing countries in Africa, Asia, Europe, and the Western Hemisphere as well as fund policy work.

Prior to her retirement in November 2021, Dr. Coorey served for almost nine years as the Director of the Institute

for Capacity Development, the IMF’s Department for Capacity Building. As its first Director, the most senior staff-level position at the IMF, she was instrumental in establishing the department and providing strategic

direction for governance, management, and funding of the IMF’s technical assistance activities and overseeing the IMF’s training of government officials in policy-oriented macroeconomics.

Dr. Coorey also served on the Investment Committee of the IMF Staff Retirement Plan and on the Editorial Committee of IMF Staff Papers. She was a visiting researcher at George Washington University’s Elliott School of International Affairs and is currently an international policy fellow at Verite Research in Sri Lanka.

Dr. Coorey holds Ph.D. and Bachelor’s Degrees in Economics from Harvard University. She has published papers on inflation and economic growth in transition and developing countries and edited a book on managing oil wealth in Central African countries.

Ms. Komathi Balakrishnan

Non-Independent, Non-Executive Director

Ms. Komathi Balakrishnan was appointed to the Board of Dialog Axiata PLC effective 7 July 2023.

Ms. Balakrishnan is the Group Financial Controller, Axiata Group Berhad (“Axiata”), a position she has held from April 2019 to date.

Ms. Balakrishnan has 31 years of professional experience in accounting and finance in leading organisations. Prior to joining Axiata, Ms. Balakrishnan functioned as the Group Financial Controller at Sapura Energy Berhad and at Telekom Malaysia Berhad

(“Telekom Malaysia”). Prior to that, Ms. Balakrishnan has held senior finance leadership roles at Telekom Malaysia.

Ms. Balakrishnan holds a Bachelor of Accounting (Hons) First Class from the University of Malaya and Master of Finance (High Distinction) from the Malaysia Institute of Management -

RMIT (Australia) Programme. In addition, Ms. Balakrishnan holds professional qualifications from the Malaysian Institute of Certified Public Accountants (MICPA) and Malaysian Institute of Accountants (CPA).

Mr. Thomas Hundt

Non-Independent, Non-Executive Director

Mr. Thomas Hundt was appointed to the Board of Dialog Axiata PLC effective 17 February 2024. Mr. Hundt is the Group Chief Strategy and Technology Officer of Axiata Group Berhad (“Axiata”), a position he has held since October 2021.

Prior to this, from mid-2008 until October 2021, Mr. Hundt served as the Managing Director and Chief Executive Officer of Smart Axiata in Cambodia, the leading telecom operator. Mr. Hundt was the founding Chief Executive Officer of Smart, which he grew from greenfield, number eight position in

the market to number one position, including through the acquisition of Star-Cell in 2011 and the merger with Hello Axiata in 2013. While continuing to serve as the Chief Executive Officer of Smart Axiata, he also held the position of Executive Vice-President for Technology of Axiata from January 2020.

Mr. Hundt further serves as Commissioner of PT Link Net Tbk, Indonesia, an Axiata company, the second largest Internet Service Provider of Indonesia, as Director of EDOTCO Group Sdn Bhd, an Axiata company, a leading tower and telecom infrastructure company across South and South East Asia and as Director of Axiata Digital Labs (Private) Limited, Sri Lanka, an Axiata company, an innovative software platform and solutions provider who is providing

telco-focused digital and IT services and solutions. Mr. Hundt served as Director of Celcom Axiata Berhad, one of the largest telecom operators in Malaysia, an Axiata company, from March 2020 till its merger with Digi in November 2022 and of Ncell Private Limited, the leading mobile operator in Nepal, then an Axiata company, from June 2016 till March 2020.

Board of Directors

He gained his vast experience in the telecommunications industry during his tenure in key management positions with Siemens AG’s Communication Division and Nokia Siemens Networks during 1996 till 2008, including an overseas stint in Shanghai, China.

Mr. Hundt is the Vice President of German Business in Cambodia (GBC) since January 2010 and founding Board Member of the European Chamber of Commerce (Eurocham) Cambodia since January 2011, of which he serves as Vice-President at present. Mr. Hundt holds an Apprenticeship Cooperative Studies Programme in Business Administration by German Chamber of Industry and Commerce and Siemens AG, Germany (“Stammhauslehre”) and holds a degree from IHK for Industrial Business Administration.

Mr. Visvanathamoorthy ("Vish") Govindasamy

Independent, Non-Executive Director

Mr. Vish Govindasamy was appointed to the Board of Dialog Axiata PLC on

1 October 2024.

Mr. Govindasamy currently serves as a Non-Executive, Deputy Chairman of Sunshine Holdings PLC. Additionally, he holds directorships at Softlogic Life Insurance PLC, United Motors Lanka

PLC, Lanka Island Resort Ltd, Watawala Plantations PLC and Ceylon Business Development Limited.

Mr. Govindasamy's esteemed leadership extends beyond the corporate realm.

He is an appointed member of the Governing Board of the Central Bank of Sri Lanka, the Immediate Past Chairman of the Ceylon Chamber of Commerce, and a former Chairman of the Employers' Federation of Ceylon.

He holds an MBA and a Bachelor of Science in Electrical Engineering

from the University of Hartford, USA. Additionally, he is a Fellow of the Institute of Certified Professional Managers in Sri Lanka.

Mr. Randeep Singh Sekhon

Non-Independent, Non-Executive Director

Mr. Randeep Singh Sekhon has been appointed to the Board of Dialog Axiata PLC effective 8 November 2024 as

a Non-Independent, Non-Executive Director.

Mr. Sekhon is the Chief Technology Officer for Airtel India and South Asia. Headquartered in New Delhi, India, the company ranks amongst the top

3 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 4G and 5G wireless services,

high-speed home broadband services using FTTH and FWA technologies, home entertainment using DTH, financial services through Airtel bank and enterprises services including core connectivity, digital services like cloud, security, IOT, CPAAS etc., data centre services and international long distance services.

Mr. Sekhon leads the Airtel Network and Technology teams responsible for Technology Strategy and Innovation, Network Planning, Build and Operations for mobile, broadband, enterprise

and transport networks, Customer Experience and Digitisation.

Prior to this, Mr. Sekhon was the Chief Executive Officer of Hutchison Tri Indonesia based out of Jakarta.

He successfully drove customer centricity and digitisation led efficiency and business transformation for 3 in Indonesia.

Mr. Vivek Sood

Non-Independent, Non-Executive Director

Mr. Vivek Sood was appointed to the Board of Dialog Axiata PLC on

16 January 2025.

Mr. Sood has 34 years of extensive experience across Telecommunications, Finance and FMCG industries, during which he has successfully led

multi-disciplinary and multi-cultural teams.

Mr. Sood is the Group Chief Executive Officer and Managing Director of Axiata Group Berhad. Prior to that, he served as the Group Chief Financial Officer.

Axiata Group is a prominent Regional Telecommunications company with presence in 9 countries across South and Southeast Asia serving 160 million customers.

He also serves as Chairman, Axiata Digital and Analytics Sdn Bhd and Boost Holdings Sdn Bhd, Board Member of Robi Axiata, CelcomDigi Berhad and as a Commissioner on the Boards of PT XL Axiata Tbk and PT Link Net Tbk.

Mr. Sood joined Axiata after spending over 6 years with Telenor Group, holding several key leadership roles as Executive Vice-President and Group Chief Marketing Officer, Chief Executive Officer Telenor India, Chief Executive Officer of Grameenphone Bangladesh, and Executive Vice-President–Finance of Telenor India.

Mr. Sood held key positions as Chief Operating Officer and Chief Financial Officer of Tata AIA Life Insurance India. Prior to that, he served Hutchison Essar South Limited as Vice-President of Finance–South Circles, and Tupperware as Director of Finance–India Operations. Mr. Sood began his career at Hindustan Lever Limited, Unilever subsidiary

in India where his last position was Regional Commercial Manager.

Mr. Sood holds a Bachelor of Commerce from University of Delhi and is a qualified Chartered Accountant of India. He got his Accountancy and Audit Training with PricewaterhouseCoopers (PwC).

Corporate Management Team

Mr. Munesh David

Group Chief Commercial Officer

Ms. Renuka Fernando

Group Chief Digital Services Officer

Mr. Ranga Kariyawasam

Group Chief Technology Officer

Dr. Romesh Ranawana

Group Chief Analytics and AI Officer

Ms. Lim Li San

Group Chief Operating Officer

Ms. Sim Siew Shan

Group Chief Financial Officer

Mr. Asela Perera

Group Chief Information Officer

Mr. Navin Pieris Group Chief Officer -Dialog Enterprise

Mr. Asanga Priyadarshana

Group Chief Corporate Officer

Mr. Lasantha Theverapperuma

Group Chief Marketing Officer

Ms. Rekha Weerasooriya

Group Chief People Officer

Corporate Management Team

Mr. Munesh David

Group ChieF Commercial OFficer

Mr. Munesh David counts for over 30 years of experience in local and international corporates, spanning diverse industries including Digital

Telco, eCommerce, Plantation, Retail, Manufacturing, Distribution, Software, Consultancy, Agriculture, Aqua-Culture, Trading, and Audit.

In his current role as Group Chief Commercial Officer, he oversees functions of Supply Chain Management, Programme Management, and Revenue responsibility for Tele-Infrastructure business.

Mr. David is a Fellow Member of the Chartered Institute of Management Accountants UK (FCMA) and a Fellow Member of CPA Australia. He also holds an MBA from the University of Southern Ǫueensland Australia, and has attended an Executive General Management Education programme conducted by INSEAD.

Previous positions Mr. David has served include; Acting Group Chief

Financial Officer, Vice-President – Group Corporate Planning and Strategy of Dialog Axiata PLC, Group Chief Internal Auditor, Acting Chief Executive Officer,

Chief Financial Officer of wow.lk (the former eCommerce

business of Dialog), Head of Finance

- EDOTCO Sri Lanka (tower business

of Dialog), Head of Strategic Planning -Upstream Goodhope Asia - Plantation Company (Operating in Indonesia and Malaysia), Group Chief Financial Officer of ODEL PLC (Fashion Retailer), Finance Manager of OneSteel Group (currently known as Arrium) - a fully-integrated, manufacturer and distributor of Steel

in Australia, Head of Group Corporate Finance - Dialog Axiata PLC, Senior Accountant at John Keells Computer Services (Pvt) Ltd., Investment Analyst at CF Venture Fund, and commenced his career as an Audit Trainee at KPMG

Sri Lanka.

Ms. Renuka Fernando

Group ChieF Digital Services OFficer

Ms. Renuka Fernando currently holds the position of Group Chief Digital Services Officer of Dialog Axiata PLC, playing a significant role in steering the Company’s digital services initiatives. She is the Chairperson and a member of the Board of Dialog Finance PLC, contributing her expertise to drive significant advancements in the fintech vertical.

Ms. Fernando is a highly experienced business leader with over 40 years of experience in the banking sector, with extensive expertise in growing and developing banking, and a particular focus on Digital Banking.

Prior to joining Dialog in April 2020, she headed Nations Trust Bank PLC (NTB) as the Director / Chief Executive Officer from 2012, and has played a pivotal role in bringing the organisation to where

it is today. During her stint with NTB, she played many senior leadership roles including Deputy Chief Executive

Officer, Deputy General Manager – Retail and Consumer Banking, and Assistant General Manager – Corporate Financial Solutions. Prior to joining NTB, Ms.

Fernando held the positions of Vice-President / Head of Global Transactional Services and Head of Consumer Banking at ABN AMRO Bank N.V., Sri Lanka. She has also worked at Banque Indosuez, Sri Lanka as Manager Corporate Banking and at Nederlandsche Middenstands Bank - Hong Kong.

In addition to playing key leadership roles in the corporate sector,

Ms. Fernando has also functioned as the Vice President – American Chamber of Commerce and has previously served

as Director of Lanka Clear (Pvt) Ltd. and Chairperson of the Sri Lanka Bankers Association.

Renuka is an Associate of the Chartered Institute of Bankers, UK. She is also an alumna of the Advanced Management Programme at Harvard Business School.

Mr. Ranga Kariyawasam

Group ChieF Technology OFficer

Mr. Ranga Kariyawasam leads the Technology function of the Dialog Group. His portfolio spans strategising, planning, development, and operation of multiple networks and services, including but not limited to the

Group’s Mobile, Broadband, Fixed Line, Digital Television and International Telecommunications infrastructures, as well as leading the Information Security function for Network and IT.

Mr. Kariyawasam joined Dialog in 2001 and was seconded to Axiata Group Berhad in Malaysia in 2013. Before returning to Dialog as the Group

Chief Technology Officer, he was the Group Head of Network Strategy and Planning at Axiata, managing the Technology Strategy and Planning for its six operating companies. He holds a Bachelor of Science (First Class Honours) degree in Electronic and Telecommunication Engineering from the University of Moratuwa, Sri Lanka and a Master of Science in Wireless Networks (Merit) from Ǫueen Mary, University of London, United Kingdom.

Mr. Kariyawasam has over ten years of extensive international experience in Technology Planning and Management, both at operating company level and corporate headquarters. During this time, he developed a strong track record of leading and managing multicultural teams of knowledge workers across multiple operating companies.

Over the course of his 24-year career in technology management,

Mr. Kariyawasam has garnered extensive experience across multiple generations of mobile telephony and other telecommunications technologies.

Mr. Asela Perera

Group ChieF InFormation OFficer

Mr. Asela Perera leads the Information Technology (IT) function of the Dialog Group, and the Cloud Track under

the Collective Brain Initiative of the Axiata Group. His portfolio spans the planning, development, and operations of IT Systems and Infrastructure for Telecommunications, FinTech, and Digital Services businesses driving convergence. He played a pivotal

role in the success of the Digital Transformation drive at Dialog which resulted in modernising and migrating mission critical applications and its entire Analytics Ecosystem to Cloud.

Mr. Perera holds a Bachelor of Computer Science and Engineering Degree from the University of Moratuwa, Sri Lanka and an MBA from the University of Edith Cowan, Australia. He was awarded Leader of the Year at the Dialog Awards in 2019.

Mr. Navin Pieris

Group ChieF OFficer -

Dialog Enterprise

Mr. Navin Pieris is an ICT and telecommunications professional, and business leader with 24 years of experience, spanning multiple ICT management and leadership roles.

Mr. Pieris joined Dialog in 2005 after a career in Systems Integration with leading System Integrators, and has held multiple leadership roles in International Carrier Business, Mobile

Telecommunications, Mobile Broadband, and Fixed Telecommunications.

In his role as the Head of Fixed Telecommunications, he was part of the leadership team that launched

Sri Lanka’s and the region’s first fixed 4G services and Sri Lanka’s first uptime Tier III certified data centre. Mr. Pieris holds a dual masters in the fields of General Management and Management Information Systems from Boston University School of Management,

and a Bachelor of Science (BSc) summa cum laude in the fields of Business Administration, and

Economics from Eastern Connecticut State University, USA.

Mr. Asanga Priyadarshana

Group ChieF Corporate OFficer

Mr. Asanga Priyadarshana assumed responsibilities as the Group Chief Corporate Officer of Dialog Axiata PLC on 1 July 2025. He brings over two decades of experience in Corporate Strategy, FinTech, Sustainability, Governance, Risk Management, Cybersecurity and Data Privacy within the Telecommunications and Financial Service industries.

Mr. Priyadarshana began his career at Dialog in 2001 and has since held

several key leadership roles, including Senior General Manager of Group Corporate Planning and Operational Strategy, Vice-President of Mobile Telecommunications, and Director

/ Chief Executive Officer of Dialog Finance PLC. In 2011, he was seconded to Axiata Group Berhad as Assistant Vice-President in the Group Chief Officer's Office, where he contributed to enhancing performance management and governance across Axiata’s subsidiaries.

In his most recent role as Head of Sustainability and Group Chief of Risk and Compliance, Mr. Priyadarshana provided strategic oversight in Enterprise Risk Management, ESG / Sustainability, Data Privacy, and Cybersecurity Governance, reinforcing Dialog’s unwavering commitment to responsible and ethical business practices.

He was recognised as the Dialog Leader of the Year in 2014 and represented Dialog as an Axiata Champion in 2013 and 2014, amongst the top 0.5% of elite performers across the Axiata Group.

Mr. Priyadarshana holds an MBA from The Australian National University, where he was awarded the MBA Convener’s Prize for Academic Excellence, and a BSc in Electrical Engineering (Hons) from the University of Moratuwa, Sri Lanka. He is a

Fellow Member of the Chartered Institute of Management Accountants (FCMA, UK) and a Fellow of the Association of Chartered Certified Accountants (ACCA, UK).

Corporate Management Team

Dr. Romesh Ranawana

Group ChieF Analytics and AI OFficer

Dr. Romesh Ranawana brings extensive experience in Analytics and Artificial Intelligence (AI) having worked across multiple industries. Prior to joining Dialog, he co-founded and served

as the Chief Technology Officer and Managing Director of SimCentric Technologies (Pvt) Ltd., later founding and functioning as the Chief Technology Officer of Tengri UAV. Following successful exits from these companies, he established Enterprise Machine Learning (Pvt) Ltd., a consultancy firm advising multinational organisations on AI transformation.

Since joining Dialog as Group Chief Analytics and AI Officer, Dr. Ranawana has led the expansion of AI and analytics capabilities across the organisation, driving the adoption of AI-driven decision-making, personalisation and automation across business verticals. Under his leadership, Dialog has significantly advanced its AI Factory programme, operationalised large-scale AI deployments, and pioneered industry-first AI innovations. His role extends to shaping AI governance, building enterprise AI strategy, and fostering a culture of data-driven innovation.

Dr. Ranawana holds a DPhil in Artificial Intelligence from the University of Oxford and a First-Class Honours Degree in Computer Science from

the University of Peradeniya. He also serves as the co-chair of the National AI Advisory Committee, playing a key role in shaping Sri Lanka’s national AI strategy and broader digital transformation agenda.

Ms. Lim Li San

Group ChieF Operating OFficer

Ms. Lim Li San has been with the Axiata Group of Companies since 2015.

Before joining Dialog, Ms. Li San was the Group Head of Business Operations of Axiata Group Berhad,

where she was responsible for portfolio performance management and

board governance of all its operating companies. Within this role, she was part of the integration planning team for the Celcom-Digi merger in Malaysia and was Axiata’s appointed Board Observer / Investment Manager for CelcomDigi Berhad. Additionally, she led the post-acquisition integration

of PT LinkNet Tbk, a fixed broadband player in Indonesia. She was also a

Non-Executive Director and Board Audit Committee Member at Smart Axiata

Co. Ltd., the leading mobile service provider in Cambodia.

Prior to this, Ms. Li San headed the Group Chief Executive Officer's Office where she supported the President and Group Chief Executive Officer in

strategy development, target setting for senior leaders, stakeholder engagement and strategic project management.

Preceding that, she spent three years in Group Strategy where she led Group Research and spearheaded the annual

long-term strategy exercise, competitive analyses, strategic projects, and M&A evaluation.

Before joining Axiata, Ms. Li San spent the formative years of her career with British American Tobacco where she took on various Finance leadership roles. Ms. Li San graduated in the top 0.5% from the University of South Australia with a Bachelor of Commerce and Applied Finance. She is a Certified Practicing Accountant through CPA Australia and has completed her executive education with Harvard, INSEAD and IMD. Ms. Li San was awarded the Axiata Champion (Group Chief Executive Officer) Award in 2019 as well as the Axiata Senior Leadership Award in 2016 and again in 2021.

Ms. Sim Siew Shan

Group ChieF Financial OFficer

Ms. Sim Siew Shan assumed responsibilities as the Group Chief Financial Officer of Dialog Axiata PLC on 1 January 2026. Ms. Siew Shan is an accomplished finance and

strategy leader with over two decades of experience spanning Aviation, Banking, Property, Hospitality, and Consulting. Renowned for her expertise in strategic financial leadership, crisis management, stakeholder engagement, and transformation initiatives, she has consistently delivered value through optimisation, operational resilience, and innovative financing solutions.

Previously, she served as Chief Financial Officer at AmBank Investment Bank

and AirAsia Aviation Group in Malaysia. Her career also includes leadership positions at KLCC Property Holdings Berhad and Destination Resorts and Hotels, as well as over a decade at Ernst & Young, specialising in real estate and construction audits, listings, and mergers. She has been a professional member of the ACCA since 2001 and the Malaysian Institute of Accountants (MIA) since 2004. She served on the MASB Interpretation Committee (2021–2023) and is affiliated with ICDM and Lead Women.