Advanced Info Service Public Company (ADVANC) investor relations material

Executive summary

• Achieved strong revenue and net profit growth in Q2 and H1 2026, driven by resilient demand for connectivity, digital services, and premium smartphones despite a fragile macroeconomic environment.

• Mobile business saw 16% YoY data usage growth and 41% YoY increase in 5G subscribers, reaching over 19.7 million.

• Fixed broadband and enterprise segments posted healthy subscriber and revenue growth, though broadband was impacted by seasonal and integration factors.

• Profitability improved through disciplined cost management, with margins and net profit rising significantly YoY.

• Total assets as of June 30, 2026, stood at THB 401.8 billion, with shareholders' equity at THB 52.4 billion.

Financial highlights

• Total revenue for 2Q26 was Bt56.5bn, up 0.8% YoY; 1H26 revenue reached Bt114.7bn, up 2.1% YoY.

• EBITDA for 2Q26 was Bt32.9bn, up 8.8% YoY; 1H26 EBITDA grew 8% YoY to Bt65.1bn.

• Net profit for 2Q26 was Bt13.7bn, up 25% YoY; 1H26 net profit rose to Bt27.2bn, up 26% YoY.

• Gross profit for the six months was THB 50.5 billion, up from THB 42.9 billion YoY.

• EBITDA margin improved to 58.3% in 2Q26, up 430bps YoY.

Outlook and guidance

• Maintains FY26 guidance: core service revenue growth of 3–5%, EBITDA growth of 2–4%, and CAPEX of Bt30–35bn.

• Results expected near the upper end of guidance, but cautious outlook for H2 due to higher base, virtual bank launch, and macro/geopolitical risks.

• CapEx to remain at 14-15% of revenue, focused on network infrastructure.

• SG&A and admin expenses expected to rise in H2 as one-time reversals normalize.