Taiwan Mobile (3045) Q2 2025 earnings summary

Executive summary

• Mobile, broadband, and Telco+Tech segments drove top-line growth in 2Q 2025, with telecom EBIT up 13% YoY and a new Telco+Tech segment as a third growth engine.

• Strategic focus remains on fortifying the telco core, expanding Telco+ services, and scaling technology businesses, including exclusive OTT bundles and Web3 initiatives.

• Recognized as the #1 telecom company in Asia, with multiple awards for governance, ESG, and innovation.

• Consolidated financial statements for 1H 2025 were reviewed by independent auditors, confirming compliance with ROC and IFRS standards.

• Completed the merger with Taiwan Star Telecom in December 2023, expanding licensed spectrum and business scale.

Financial highlights

• 2Q25 consolidated revenue was NT$47.47bn, down 1% YoY; net income reached NT$3.29bn, up 2% YoY; 1H25 net income totaled NT$6.94bn, up 12% YoY.

• Telecom revenue in 2Q25 was NT$21.11bn (up 3% YoY); momo segment revenue was NT$26.03bn (down 2% YoY); CATV revenue was NT$1.50bn (up 2% YoY).

• Telecom EBITDA grew 3% YoY, momo EBITDA declined 11%, and CATV EBITDA increased 4%.

• Pre-IFRS 16 free cash flow for 2Q25 rose 17% YoY to NTD 5.26 billion, with a 6% annualized yield.

• Basic EPS for 1H25 was NT$2.30, compared to NT$2.05 for the same period last year.

Outlook and guidance

• Continued benefit from network consolidation synergies and upselling to both existing and acquired customers expected in 2H 2025.

• Growth in Telco+Tech businesses and ongoing investments in AI, Web3, and infrastructure anticipated to contribute more meaningfully in the second half.

• The company is assessing the impact of new IFRS standards effective from 2026 and 2027.

• Dividend payout expected to remain at or above 100%, using current year as a benchmark for next year.

• Board approved participation in a new share issuance of WeMo (Cayman) Corp. for NT$300 million in August 2025.