Taiwan Mobile (3045) Q2 2026 earnings summary

Executive summary

• Achieved record quarterly and half-year revenue and profitability, with consolidated EBITDA up 9% YoY and EBIT up 18% YoY, reaching multi-decade highs.

• Net income surged 38% YoY in Q2 2026, with EPS at NT$1.49, the highest in the sector for three consecutive quarters.

• Growth driven by AI integration, operational efficiencies, and disciplined CapEx management across telecom, Telco+, and tech businesses.

• Sustained expansion in mature telecom and momo businesses, with rapid growth in enterprise and tech-driven segments.

• Consolidated financial statements for H1 2026 were reviewed by independent auditors with no material misstatements.

Financial highlights

• Q2 2026 consolidated revenue reached NT$49.43bn, up 4% YoY; H1 2026 revenue was NT$99.2bn, up from NT$95.6bn YoY.

• Net income for Q2 2026 was NT$4.54bn, up 38% YoY; H1 2026 net profit was NT$9.44bn.

• EPS for Q2 2026 was NT$1.49, up 37% YoY; H1 2026 EPS was NT$2.86.

• EBITDA for H1 2026 was NT$21.14bn, up from NT$20.18bn YoY.

• Non-operating expenses dropped YoY, aided by lower financing costs and mark-to-market gains.

Outlook and guidance

• 2026 guidance: consolidated revenue growth target at 5%-7%; consolidated operating profit growth raised to 7%-9%; telecom operating profit growth raised to 13%-15%.

• Guidance excludes impact from the proposed Systex acquisition.

• Management remains conservative for H2 due to seasonal factors and retention/acquisition cost uncertainties.

• New IFRS standards to be adopted from 2027, with ongoing assessment of impacts.