True Corporation Reports THB 6.7 Billion Q3 2026 Net Profit, Approves THB 5.5 Billion Interim Dividend

Brickinfo News Agency – True Corporation posted a net profit after tax of THB 6.7 billion for the third quarter of 2026, marking its seventh consecutive profitable quarter, supported by steady service revenue expansion and lower leverage.

Normalized service revenue increased 2.0% year-on-year, supported by subscriber gains in both mobile and broadband segments. EBITDA rose 5.7% year-on-year to THB 28.5 billion, with the EBITDA margin expanding 3.1 percentage points to 68.4%. Normalized for extraordinary items, net profit stood at THB 7.0 billion. The Board of Directors approved an interim dividend payout of THB 5.5 billion, equivalent to THB 0.16 per share, representing an 83% payout ratio.

Mr. Sigve Brekke, Group Chief Executive Officer of True Corporation Public Company Limited, stated: "In 3Q26, we achieved all-time highs in service revenue, EBITDA, and Net Profit, reflecting strong execution and operational discipline. Growth in service revenue across our mobile and online businesses was supplemented by our AI-orchestrated customer value management system, which delivers the right offers to customers through the right channels at the right time. We are beginning to see tangible business value and improved customer experiences from our intensive AI transformation. In the period to come, we will accelerate our focus on building a solid AI fundament and AI-empowered growth and productivity. Alongside revenue growth, customer satisfaction also improved significantly year on year across all segments. Building on this momentum, we remain on track to meet our 2026 financial commitments and mid-term targets."

By the end of the quarter, mobile subscribers increased by 142,000 quarter-on-quarter to 48.8 million, with 5G users totaling 20.5 million. Broadband subscribers reached 3.3 million following an addition of 30,000 customers. Service revenue excluding interconnection charges reached THB 41.6 billion, up 0.9% year-on-year, offset by contractions in the PayTV business. Net debt leverage decreased to 3.6x, down 0.5x from the previous year.

Mr. Nakul Sehgal, Chief Financial Officer of True Corporation Public Company Limited, stated: "Our third quarter performance reflects continued improvement in the quality of our earnings, supported by steady growth in core revenue and continued discipline in cost management. Normalized service revenue grew 2.0% year-on-year reaching its all-time high since amalgamation, driven by growth in mobile and online business segments. Boosted by topline rebound and well-controlled operational costs, EBITDA increased 5.7% year-on-year. True Corporation recorded a record high net profit of THB 6.7 billion during the third quarter. Normalized for extraordinary one-time items during the quarter, net profit reached THB 7.0 billion. Together, these results strengthen our financial position and reinforce our ability to deliver sustainable value to shareholders. The Board of Directors has approved an interim dividend of THB 5.5 billion, representing a payout ratio of 83% and THB 0.16 Dividend Per Share (DPS)."