Q2 2026 Advanced Info Service PCL Earnings Call Transcript

Aug 6, 2026 / 10:30 AM GMT

Release Date Price: €9.7 (+0.52%)

Transcript

Key Points

Positve

Advanced Info Service PCL (AVIFY) sustained revenue growth momentum in Q2 2026, driven by a 16% year-on-year increase in data usage and continued 5G adoption, which reached 19.7 million subscribers (up 41% year-on-year).
The company delivered solid revenue growth with prudent cost management, resulting in results that exceeded guidance across all key financial metrics, alongside improvements in both EBITDA margin and ROIC (now at 19%).
The balance sheet remained solid with net debt to EBITDA around 2 times and a low average interest cost of approximately 2.6%, providing continued financial flexibility.
The enterprise segment saw a recovery in revenue growth quarter-on-quarter, in line with improving economic clarity and continued demand for cloud solutions.
The launch of the virtual bank 'Click' in July, with deposit and lending services powered by alternative data, represents a strategic expansion into digital financial services, with the platform connecting to AIS points and privilege programs.

Negative

Management remains cautious about the future economic outlook due to fragile geopolitical risks and a relatively soft consumer sentiment, despite some improvement in June.
The company faces a higher base in the second half of last year and the possibility of recognizing initial losses from the virtual bank, which could weigh on financial performance.
Second-half EBITDA growth is expected to be impacted by increased IT spending (cloud-based OpEx), broadband integration costs, and potential contributions from the virtual bank's initial losses.
Fixed broadband subscriber growth slowed due to seasonal softness from the rainy season and integration activities, with ARPU also softening as the economy impacts customer payments.
The company faces cost pressures from rising prices of devices, handsets, and operational equipment due to geopolitical factors, which could impact margins and lead to a more conservative outlook.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ADVANC.BK - Advanced Info Service PCL
Q2 2026 Advanced Info Service PCL Earnings Call
Aug 06, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good evening, everyone. Welcome to our second quarter of 2026 result conference call.

First, let me introduce our management, our CEO, Khun Pratana Kha.

We also have our CFO, Khun Thi Kha.

Our Chief Enterprise Officer, Khun Phu Kha. Our Chief Retail Business, Khun Pratana Kha. And this quarter we have two new shifts to be present for you guys. You guys may have not met them yet. We have our Chief of Mobile Officer Kunle Chai Kha.

And Chief Broadband Officer Kunle Chai Kha.

And Natia and myself are sitting behind the camera. And I will be briefing you the results and running this session.

At the same time, you may also reserve to ask the question through the chat

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