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Taiwan Mobile (3045) investor relations material
Taiwan Mobile Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record-high consolidated EBITDA and EBIT in 2025, with EBIT up 6% YoY to a 14-year peak and EPS reaching a 7-year high at NT$4.77, driven by Telco Plus, enterprise, and tech growth engines, as well as AI-driven efficiencies.
Net income and EPS reached nine- and seven-year highs, reflecting successful transformation into a Telco+Tech enterprise.
Board approved NT$14.52bn (TWD 14.52 billion) cash dividend, up 7% YoY, with payout ratio over 100%.
AI and T-Star merger synergies contributed significantly to profitability and operational leverage.
Financial highlights
2025 consolidated revenue was NT$198.76bn (flat YoY); net income NT$14.44bn, up 4% YoY; EBITDA reached NT$43.17bn, up 2% YoY; operating income NT$21.45bn, up 6% YoY.
Q4 2025 telecom revenue grew 12% YoY, accounting for 45% of consolidated revenue; telecom EBITDA up 12% YoY, contributing 79% of consolidated EBITDA.
Free cash flow for 2025 was NT$21.49bn, up from NT$19.74bn in 2024, with a free cash flow yield of 6.5%.
Excluding one-off gains in 2024, full-year net income and EPS for 2025 increased by about 10% YoY.
Board approved TWD 14.52 billion in cash dividends (TWD 4.8 per share), a 7% YoY increase and highest since 2019, with payout ratio over 100%.
Outlook and guidance
2026 consolidated revenue and telecom-related revenues projected to grow 5%-7% YoY; telecom operating profit expected to rise 4%-6%.
Consolidated operating profit projected to rise 1–2% YoY.
CapEx budget for 2026 set at NT$8.24bn (TWD 8.24 billion), with NT$6.13bn allocated to mobile and fixed networks.
Continued focus on AI-driven operational efficiency and customer engagement to support growth.
- Q2 and H1 2024 revenue and profit surged on merger synergies and telecom growth.3045
Q2 20242 Feb 2026 - Net profit up 16% to NT$11.7B, driven by merger synergies and strong segment growth.3045
Q3 202413 Jan 2026 - Record revenue, EBITDA, and profit growth in 2024, with strong outlook for 2025.3045
Q4 20247 Jan 2026 - Net income and EPS rose, driven by mobile, broadband, and tech growth with strong margins.3045
Q2 202523 Nov 2025 - Telecom EBITDA up 5% YoY, free cash flow up 7%, and net profit stable at NT$11,758m.3045
Q3 202521 Nov 2025 - Telecom EBIT hit a 7-year high, driving 23% net income growth and offsetting e-commerce softness.3045
Q1 202518 Nov 2025
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