True : Achieves 8 Consecutive Quarters of EBITDA Growth with 9.9 Billion Baht of Normalized Profit in 2024

About this update from True Corporation Public Company Limited

ReleasesBetterTogether dtac True Corporation Achieves 8 Consecutive Quarters of EBITDA Growth with 9.9 Billion Baht of Normalized Profit in 2024 20 February 2025 February 20, 2025 - True Corporation Plc. reported continued profitability for Q4 2024, recording 3.6 billion baht in normalized net profit after tax. EBITDA improved for the eighth consecutive quarter, driven by reduction in operational expenses from a performance focus and financial discipline along with ongoing benefits from synergies. Service revenue and EBITDA performance surpassed the guidance set for the full year 2024. Mr. Manat Manavutiveth, Chief Executive Officer of True Corporation Plc., said, "Despite the economic headwinds of 2024, True Corporation has demonstrated resilience and strong execution, delivering sustained profitability and EBITDA growth for the eighth consecutive quarter. This success is driven by three key factors. First, we accelerated network modernization with over 77% of integration completed-ahead of schedule. Once we achieve 100% completion by mid-2025, this nationwide network integration will mark a historic transformation, unifying two major networks into one. Customers of both TrueMove H and dtac will experience significantly enhanced performance firsthand. Second, we strengthened global partnerships to enhance technological capabilities. Third, we leveraged AI and advanced analytics to optimize network performance and drive digital innovation. As we navigate the challenge of balancing efficiency with growth, we remain committed to delivering greater value to stakeholders while reinforcing our position as Thailand's leading telecom-tech company. Beyond business performance, we take pride in being recognized as the world's most sustainable telecom organization, ranking number one globally in the 2024 Dow Jones Sustainability Indices (DJSI) for the seventh consecutive year." Mr. Sharad Mehrotra, Deputy Chief Executive Officer of True Corporation Plc., said, "In 2025, True Corporation will deliver the best network experience in our history, with exceptional service quality nationwide. Furthermore, we are elevating our customer service by implementing AI as a key driver, offering personalized service recommendations, instant assistance through our virtual service agent 'Mari,' and supporting our sales and call center agents with AI co-pilots. In 2025, we aim to in...

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