Optus saw a 58% y-o-y ebit growth to A$223 million ($195 million), while ebitda was up 7% y-o-y. Similarly, NCS saw robust ebit growth of 40% y-o-y to $130 million, while revenue grew 3% y-o-y to $1.43 billion, thanks to improved margins and growing contract volumes. NCS is securing more growth in the future with bookings of some $1.5 billion. “Optus and NCS drove the positive momentum, underscoring our focus on execution and operating rigour,” says group CEO Yuen Kuan Moon.
Higher tariffs and cost-cutting measures at Singapore Telecommunications (SGX:Z74
) ’ Australian unit, Optus, boosted its underlying earnings for 1HFY2025, which ended in September. However, net profit fell due to the absence of a one-off gain from its Indonesian associate, Telkomsel. NCS, Singtel’s enterprise services arm, also contributed by securing additional contracts, the telco reported on Nov 13.
For the six months ended September, Singtel reported earnings of $1.23 billion, down 42% y-o-y. The year-earlier period was distorted by a one-off gain from the reorganising of its stake in Indonesia’s Telkomsel. The telco’s ebitda was up 9% y-o-y to $1.95 billion, and its ebit, or earnings before interest and taxes, was up 27% y-o-y to $738 million. Singtel’s operating revenue remained stable at $6.99 billion.
