Taiwan Mobile (3045) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 and H1 2026 revenue and profitability, with consolidated EBITDA up 9% YoY and EBIT up 18% YoY, reaching multi-decade highs.

• Net income surged 38% YoY in Q2 2026, with EPS at NT$1.49, the highest in the sector for three consecutive quarters.

• Growth driven by AI integration, operational efficiencies, and disciplined CapEx management across telecom, enterprise, and tech segments.

• Consolidated financial statements for H1 2026 were reviewed by independent auditors, who found no material misstatements.

• The group operates in telecommunications, retail, cable TV, and broadband, with a diversified portfolio of subsidiaries and associates.

Financial highlights

• Q2 2026 consolidated revenue reached NT$49.43bn, up 4% YoY; H1 2026 revenue was NT$99.2bn, up from NT$95.6bn YoY.

• Net income for Q2 2026 was NT$4.54bn, up 38% YoY; H1 2026 net profit was NT$9.44bn, up from NT$7.82bn YoY.

• EPS for Q2 2026 was NT$1.49, up 37% YoY; basic EPS for H1 2026 was NT$2.86, up from NT$2.30 YoY.

• EBITDA for H1 2026 was NT$21.14bn, up from NT$20.18bn YoY; Q2 2026 EBITDA was NT$11.50bn, up 9% YoY.

• Pre-IFRS 16 free cash flow reached NT$7.45bn in Q2 2026, with an annualized yield of 8.4%.

Outlook and guidance

• Raised full-year 2026 profit guidance: telecom operating profit growth upgraded to 13%-15% (from 4%-6%), consolidated operating profit to 7%-9% YoY (from 1%-2%).

• Revenue growth target maintained at 5%-7%.

• Guidance excludes impact from the proposed Systex acquisition.

• New IFRS standards (IFRS 18, 19, and amendments to IAS 28) will be adopted from 2027, with ongoing assessment of impacts.

• Continued investment in 5G and broadband infrastructure expected to drive further growth.