TPG Telecom Swings to 2024 Loss Amid Flat Revenue

MT Newswires Live
02-28

TPG Telecom (ASX:TPG) reported Friday a 2024 loss per diluted share of AU$0.058, compared with earnings per diluted share of AU$0.026 in 2023.

Analysts polled by Visible Alpha expected a loss per diluted share of AU$0.01.

Total revenue for the year ended Dec. 31, 2024, was AU$5.52 billion, compared with AU$5.53 billion a year earlier. Analysts surveyed by Visible Alpha expected AU$5.56 billion.

The company expects 2025 earnings before interest, taxes, depreciation, and amortization to range from AU$1.95 billion to AU$2.03 billion, compared with AU$1.99 billion recorded in 2024. This assumes no material change to operating conditions, per the filing.

The board declared an interim dividend of AU$0.09 per share, unchanged from the payout in the previous reported period, payable on April 4 to shareholders of record as of March 7.

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