Advanced Info Service Public Company (ADVANC) Q1 2026 earnings summary

Executive summary

• Achieved strong 1Q26 growth driven by robust demand for connectivity, 5G adoption, and digital services amid a cautious macro outlook.

• Mobile and fixed broadband segments delivered solid revenue and subscriber expansion, while enterprise growth softened due to cautious IT spending.

• Profitability improved on quality revenue growth and disciplined cost management.

• Total revenues for Q1 2026 reached 58,197 million Baht, up from 56,311 million Baht year-over-year.

• Net profit attributable to owners for Q1 2026 was 13,495 million Baht, a significant increase from 10,584 million Baht in Q1 2025.

Financial highlights

• Core service revenue rose 7.0% YoY to Bt44.8bn; total revenue up 3.4% YoY to Bt58.2bn.

• EBITDA increased 7.1% YoY to Bt32.2bn, with margin at 55.3%.

• Net profit surged 28% YoY to Bt13.5bn, driven by strong operating performance and lower network costs.

• Gross profit for Q1 2026 was 25,426 million Baht, up from 21,343 million Baht year-over-year.

• Cash and cash equivalents as of March 31, 2026, were 68,094 million Baht, up from 25,354 million Baht at year-end 2025.

Outlook and guidance

• FY26 guidance maintained: core service revenue growth of 3–5% and EBITDA growth of 2–4%.

• CAPEX (excluding spectrum) planned at Bt30–35bn, focusing on network quality and digital capabilities.

• Cautious monitoring of macro conditions, supply chain risks, and consumer sentiment.

• No explicit forward-looking guidance provided, but strong cash position and profit growth indicate positive momentum.