Half year 2025 results
Half year 2025 results
Vicki Brady - Chief Executive Officer
Telecommunications has a critical role to play in Australia's future
New graphic on Monday from Brent Smart
TBC
Unlocking the potential of AI to drive productivity and growth
- Artificial Intelligence (AI) needs to be underpinned by secure and reliable connectivity
- This translates to massive demand for digital infrastructure assets
Accelerating our AI leadership
- To deliver on the connectivity demands of the future, we need to be a leader in AI
- We will tap into the global best to help reach our customer experience and network leadership ambitions faster
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Half year 2025 results
1H25 EBITDA | 1H25 NPAT | 1H25 EPS | 1H25 ROIC |
$4.2b +6.0% | $1.1b +7.1% | 8.9cps +6.0% | 8.0% +0.2pp |
Episode NPS | T25 strategy | Interim dividend | On-market share |
buy-back | |||
Improved 3 points | On track | 9.5cps +5.6% | Up to $750m |
last 12 months | fully franked | ||
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Half year 2025 results
Underlying EBITDA1,2 growth on PCP
- Mobile: $92m or 3.7%
- InfraCo Fixed: $58m or 7.0%
- Fixed-C&SB: $78m or 74%
- Fixed-Enterprise: $25m or 35%
- International: $29m or 8.4%
Cost-out
- 1H25 core fixed costs reduced by $161m or 4.8% on PCP
- $283m core fixed cost reduction achieved since FY22
- On track for $350m core fixed cost reduction ambition to the end of FY25
Underlying EBITDA1,2
6% CAGR 1H21 to 1H25 | ||||
$4.2b | ||||
$3.9b | $4.0b | |||
$3.5b | ||||
$3.3b | ||||
1H21 | 1H22 | 1H23 | 1H24 | 1H25 |
- Refer to definition in the Glossary.
- Refer to Half-year results and operations review - guidance vs reported results reconciliation which details the adjustments made for the current and comparative period to reflect performance on the basis on which we provided guidance to the market for FY25 (set out in our ASX announcement titled "Financial results for the half-year ended 31 December 2024" lodged with the ASX on 20 February 2025).
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TBC
Investing in connectivity
- Invested more than $40b in capex and spectrum over the last decade
- Australia's biggest investor in digital infrastructure. Intercity fibre network:
- Seven routes under construction connecting major capital cities and more than 3,000 km fibre in the ground (as at February 2025)
- Sydney to Canberra, and Melbourne to Canberra routes ready for service in 2025
- Australia's largest mobile network: 3 million km2 or 99.7% population coverage
- Our mobile network covers more than double the area of Optus's network and around three times the area of the Vodafone/TPG network
- Australia's largest 5G network with 91% population coverage and 60% of our total network traffic over 5G in December 2024
- Extending our partnership with Ericsson to deliver advanced 5G performance
- Completed closure of 3G network and commenced redeploying spectrum
- Announced collaboration with SpaceX's Starlink for direct-to-handset text messaging
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New graphic on Monday from Brent Smart | ||
Supporting customers | TBC | |
- Episode NPS
- Improved 3 points last 12 months
- Improved 1 point last 6 months
- On track to help 1m customers in vulnerable circumstances stay connected by the end of FY25
- Safeguarding our customers
- Expanded Scam Indicator to landlines and mobile
- Introduced new Fraud Indicator product
- Launched Device Security Essentials and introduced Scam Protect
- Cleaner Pipes initiative continues to block millions of scam calls, texts and emails
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New graphic on Monday from Brent Smart | ||
Supporting Australians | TBC | |
- Returned >$1b to shareholders in dividends in the last six months benefiting >16m Australians
- Announced up to $750 million on-market share buy-back
- Disaster preparedness
- Committed to upgrade >1k payphones in disaster prone areas by mid 2025
- Expanded our use of portable Starlink kits for priority locations like evacuation centres and town centres
- >24k Australian based employees (FTE) - including across around 270 retail stores and onshore call centres
- Supported renewable energy projects worth >$1.4b
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Outlook
Finishing T25 strongly
- Lifting customer experience
- Delivering financial growth and value from our world-leading mobile network and infrastructure
- Continuing the reset of our Enterprise business
- Delivering on our commitment to simplify our operations and improve our productivity
New graphic on Monday from Brent Smart
TBC
Looking beyond
- Our digital infrastructure and network will be increasingly important to Australia's future prosperity
- We will continue to invest sustainably to deliver for our customers, our shareholders and for Australia
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