Q4 2025 Advanced Info Service PCL Earnings Call Transcript
Key Points
- Advanced Info Service PCL (AVIFY) reported a strong and resilient performance for 2025, supported by growing customer demand and solid content propositions.
- The company achieved a significant increase in data consumption, with mobile data usage exceeding 34 gigabytes per subscriber, up 16% year-on-year.
- 5G adoption was a key driver of growth, reaching 17.9 million subscribers, which is 38% of the subscriber base, growing nearly 50% year-on-year.
- The broadband service continued to grow steadily, with subscribers exceeding 5.2 million and ARPU increasing by more than 4% year-on-year.
- The company exceeded the upper end of its guidance for both core service revenue and EBITDA, driven by strong operating performance and efficiency.
- The core revenue growth guidance for 2026 has been reduced to 3% to 5%, down from 7% achieved last year, due to subdued economic conditions.
- EBITDA growth guidance for 2026 is lower at 2% to 4%, compared to 9% last year, due to increased investments in IT systems and new ventures.
- The net add for broadband services was softer in the latest quarter due to temporary resource allocation to support flood relief efforts in Southern Thailand.
- The company faces potential challenges from increased competition and economic headwinds, which may impact growth momentum.
- There is a significant increase in CapEx investment, excluding spectrum, projected at THB30 billion to THB35 billion, reflecting a new investment phase.
Good morning, everyone. Welcome to 2025 results conference call. First, let me introduce our management. CEO, Khun Pratthana; CFO, Khun Tee; Chief Enterprise Business, Khun Phupa; and Chief Retail Business, Khun Prapat. Khun Nattiya and myself also joined this call and will be briefing you to the results and running this session.
At this moment, please allow our CEO to give an opening remark.
Good morning, everyone. I would like to take this opportunity, firstly, to address the very most recent incidents of the misuse of AIS corporate Internet from one of our corporate customers. You may already seen our formal disclosures, but I would like to really emphasize that we take this matter very seriously. We view this matter as a reminder of our responsibilities as a national digital infrastructure provider.
While this is one of the isolated incidents, we are using it to really strengthen our internal processes and technologies to enhance
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