Q1 2026 Taiwan Mobile Co Ltd Earnings Call Transcript
Key Points
- Taiwan Mobile Co Ltd (TPE:3045) reported an 8% increase in consolidated EBITDA and a 15% rise in EBIT year-over-year, showcasing strong financial performance.
- The company achieved a record low postpaid churn rate of 0.51%, indicating high customer retention.
- 5G penetration within the smartphone postpaid base increased to 44%, with a 50% ARPU uplift upon conversion from 4G to 5G.
- The Telco+ segment saw a 26% year-over-year revenue surge, driven by AICT projects and AI Data Center business momentum.
- The new Telco+Tech businesses delivered a 32% revenue increase, fueled by AI-driven scaling of digital ventures and e-commerce growth.
- Despite momo's return to year-over-year revenue growth, its EBITDA margin contraction persisted, indicating ongoing profitability challenges.
- Non-operating expenses increased year-over-year due to mark-to-market losses on certain financial assets.
- The company faced a challenging operating environment for momo, with a need for further improvement in EBITDA margins.
- Investing cash outflow rose due to strategic media investments, impacting overall cash flow management.
- The company is still working on regulatory approvals for its LEO Satellite business plan, which may delay its implementation.
Good afternoon, ladies and gentlemen. Welcome to the conference call. Our Chairperson today is Mr. Jamie Lin.
Mr. Lin, please begin your call, and I will stand by for the question-and-answer session. Thank you.
Thank you, operator. Good afternoon, everyone. Welcome to Taiwan Mobile's first quarter 2026 results conference call. Before I start our presentation, please refer to our Safe Harbor notice on this page.
Now let's start with our business overview. Please turn to Page 4 for Q1 highlights. In Q1, our Telco+Tech flywheel accelerated its strong momentum. All core growth engines, namely Telco, Telco+ and New Telco+Tech delivered robust Y-o-Y top line growth.
Consolidated EBITDA and EBIT rose by 8% and 15% Y-o-Y, respectively, while EPS reached TWD1.37, topping the industry. On a pro forma basis, excluding one-off items, net income would have grown by 17% Y-o-Y. This bottom line performance was underpinned by AI-driven operational efficiencies, optimized subsidies and
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