Taiwan Mobile (3045) Q1 2026 earnings summary

Executive summary

• Q1 2026 delivered robust growth across all core engines, with consolidated revenue up 3.3% YoY to NT$49,778 million and net profit attributable to owners rising 13.4% to NT$4,146 million; EPS reached NT$1.37, the highest among peers.

• Excluding one-off items, net income grew 17% YoY, driven by AI-driven efficiencies, optimized subsidies, and strong BDO business performance.

• Maintained a stable Telco Core foundation while expanding Telco+ and New Telco+ Tech for structural growth.

• The financial statements received an unqualified review from independent auditors.

Financial highlights

• Consolidated revenue rose 3% YoY to NT$49.78bn; EBITDA up 8% YoY to NT$11.35bn; EBIT up 15% YoY to NT$5.93bn.

• Net income increased 13% YoY to NT$4.15bn; EPS grew 13% YoY to NT$1.37.

• Free cash flow reached NT$7.04bn, up from NT$4.41bn in 1Q25; net cash from operating activities was NT$10.74bn.

• Gross profit margin was 22%, up from 21% in Q1 2025.

Outlook and guidance

• Continued focus on AI-driven operational efficiencies, digital transformation, and expansion in Telco+, AICT, and digital ventures to sustain growth.

• Ongoing investment in 5G and digital transformation to sustain competitive advantage.

• IFRS 18 will be adopted no earlier than 2028, with ongoing assessment of impacts on financial reporting.

• Dividend policy remains focused on cash distributions, with a proposed cash dividend of NT$3.98 per share for 2025.