Advanced Info Service Public Company (ADVANC) investor relations material

Executive summary

• Achieved strong revenue and profit growth in Q2 and H1 2026, driven by resilient demand for connectivity, robust mobile data usage, and 5G subscriber growth to over 19.7 million.

• Fixed broadband and enterprise segments showed healthy expansion, with ARPU trends improving and enterprise revenue recovering quarter-on-quarter.

• Profitability improved through disciplined cost management and revenue growth, with margins and ROIC rising.

• Sales and retail benefited from strong demand for premium smartphones and digital lifestyle products, supported by omni-channel initiatives.

• Launched virtual bank Clicx, offering deposit and lending services, and received International Business Centre status in January 2026.

Financial highlights

• Total revenue for H1 2026 reached Baht 114,694 million, with Q2 2026 revenue at Bt56.5bn, up 0.8% YoY; EBITDA for Q2 2026 was Bt32.9bn, up 8.8% YoY.

• Net profit for Q2 2026 was Bt13.7bn, up 25% YoY; H1 2026 net profit rose 26% YoY to Bt27.2bn.

• EBITDA margin improved to 58.3% in Q2 2026, with ROIC at 19% for H1 2026.

• Net debt to EBITDA at 2.0x; average interest cost at 2.6%; effective tax rate for H1 2026 was 19.83%.

• Major dividends paid in April 2026, with an interim dividend of Baht 8.69 per share approved for September 2026.

Outlook and guidance

• Maintains guidance for FY26: core service revenue growth of 3–5%, EBITDA growth of 2–4%, and CAPEX of Bt30–35bn, with CapEx to remain at 14%-15% of revenue.

• Cautious outlook for H2 2026 due to fragile economic environment, higher base, and potential initial loss from virtual bank.

• Expects higher expenses in H2 from IT spending, broadband integration, and virtual bank investments.

• Enterprise revenue targeted for high-single digit growth for the full year, subject to geopolitical and hardware pricing conditions.

• Interim dividend of Baht 8.69 per share (Baht 25,846 million) approved for payment on September 3, 2026.