Q4 2025 Taiwan Mobile Co Ltd Earnings Call Transcript
Key Points
- Taiwan Mobile Co Ltd (TPE:3045) achieved record high EBITDA and EBIT, with a 6% year-over-year increase in EBIT, marking a 14-year peak.
- The company reported a record low postpaid churn rate of 0.59% and a 3% year-over-year increase in smartphone ARPU to TWD687.
- 5G penetration reached 44%, contributing to a 10% year-over-year growth in 5G revenue, which now accounts for 68% of total mobile service revenues.
- The Telco+ segment saw a 26% revenue increase in 2025, driven by government SI projects and the launch of an AI data center business.
- Taiwan Mobile Co Ltd (TPE:3045) announced a cash dividend of TWD4.8 per share, a 7% increase from the previous year, with a payout ratio over 100% and a dividend yield of approximately 4.5%.
- The company experienced a year-over-year increase in interest expenses due to the issuance of convertible bonds, impacting non-operating losses.
- Cash and cash equivalents declined year-over-year, primarily due to momo's use of cash flow for CapEx and dividend payments.
- The telecom cash CapEx decreased by 5% year-over-year, reflecting a moderation in 5G network deployment.
- There is a potential risk of higher handset subsidies with new device launches, although the company has managed this well in the past.
- The 2025 cash CapEx exceeded the initial guidance, highlighting challenges in aligning accrued and cash CapEx.
Good afternoon, ladies and gentlemen. Welcome to the Taiwan Mobile conference call. Our Chairperson today is Mr. Jamie Lin. Mr. Lin, please begin your call, and I'll be standing by. Thank you.
Thank you, operator. Good afternoon, everyone. Welcome to Taiwan Mobile's fourth-quarter 2025 results conference call. Before I start our presentation, please refer to our safe harbor notice on this page. And now let's take a look at our business overview.
Please turn to page 4 for 2025 highlights. So 2025 was a landmark year for Taiwan Mobile, defined by robust financial performance and the disciplined execution of our growth strategies. Our core engines, namely Telco, Telco+ and new Telco+Tech generated significant momentum, driving consolidated EBITDA to all-time high and pushing EBIT up 6% Y-o-Y to a 14-year peak. This profitability was bolstered by AI-driven operational efficiencies and the realization of T Star merger synergies.
With net income and EPS of TWD4.77 reaching nine and seven
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