Tuas Limited

I would now like to hand the conference over to Mr. Richard Tan, CEO. Please go ahead.

Thank you. Good morning and thank you for joining us. I'm Richard Tan, Chief Executive Officer of Simba Telecom, the principal operating entity of the TWAS Group. Also on the call today are Mr. David Teo, Executive Chairman of TWAS Limited, and Mr. Harry Wong, Chief Financial Officer of Simba Telecom. It's a pleasure to present the financial results for TWAS Limited for the fiscal year ended 31st July 2025, covering the period which started 1st August 2024. Let me briefly outline today's agenda as shown on slide two. We'll begin with Harry, who will walk through the financial performance and key metrics for the year. I'll then provide an update on our operational progress, strategic initiatives, and outlook for FY26. We'll conclude with a Q&A session to address any questions you may have. Please note that all financial figures discussed today are denominated in Singapore dollars. With that, I'll now hand over to Harry to take us through the numbers. Good morning, everyone.

My name is Harry Wong, CFO of Simba Telecom. I'll be presenting the financials of the Toas Group. On slide three, you'll see that we achieved a notable improvement in the financial results during FY25 when compared to FY24. Revenue for the year is $151.3 million, up from $117.1 million last year. EBITDA increased 38%, up from $49.7 million in the prior year to $68.4 million. We achieved a full-year positive net profit after tax, Net profit after tax of $6.9 million is a significant improvement on the prior year's loss of $4.4 million and represents a major milestone for the group. Next, we look at the revenue and EBITDA on slide four. Revenue for the year ending 31st July 2025 increased 29% compared to FY24. With the increasing scale of the business, EBITDA margin has improved to 45% of revenue. Gross output for the year was 9.6%. The key drivers of this EBITDA uplift continue to be an increased subscriber base and expanded plan mix, catering to different customers' needs. Our plans include generous roaming data at every price point, Slide 5 shows our sustained mobile subscriber growth since FY22. As of 31st July 2025, we have about 1.254 million subscribers, representing a 19% increase over the past one year. We estimate Simba's mobile subscriber market share to be around 12%. Slide 6 shows the mobile Slide 6 shows the broadband subscriber base. As of 31st July 2025, we have approximately 25,600 active services, adding 22,000 subscribers over the year. We proceed to the cash flow on slide 7. We continue to show positive cash flow. Opening cash and term deposit balance was $55.3 million. Net cash generated from operating activities was $81.2 million. The main cash outflow comes from acquisition of plant and equipment and intangible assets of $55 million, largely mobile network and some fixed broadband infrastructure. This brings the ending cash and term deposits to $80.7 million as of 31st July 2025. Again, Positive cash flow after capex for the year is a welcome achievement. With this, I will let Richard proceed with the business updates.