Dialog Axiata PLC posted a robust financial performance for the financial year 2025 (FY25), driven by strong growth across its mobile, fixed-line, and digital television businesses. The Group recorded a 16% year-to-date increase in core revenue, reflecting sustained demand for broadband and digital services despite ongoing strategic adjustments.
Group headline revenue rose to Rs. 179.6 billion, marking a 5% year-on-year increase, even as the company continued to scale down its low-margin international wholesale operations. In the fourth quarter of FY25, revenue reached Rs. 46.5 billion, recording a 2% growth both quarter-on-quarter and year-on-year.
Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) surged to Rs. 86 billion, reflecting a strong 30% increase for the year. This growth was supported by improved core revenues and disciplined cost-rescaling initiatives. The Group achieved an EBITDA margin of 47.9% for FY25, up by 9.2 percentage points, while fourth-quarter EBITDA rose marginally to Rs. 23 billion with a margin of 49.5%.
Net Profit After Tax (NPAT) for the year reached Rs. 20.8 billion, representing a 67% increase, despite higher tax and financing costs. When adjusted for foreign exchange impacts, NPAT exceeded 100% growth, reaching Rs. 22.1 billion. Quarterly NPAT stood at Rs. 5.9 billion, up 3%, driven mainly by strong operating performance.
Operating Free Cash Flow more than doubled to Rs. 49.3 billion, underscoring the Group’s solid liquidity position. On the back of this performance, Dialog’s Board of Directors resolved to propose a dividend of Rs. 1.50 per share, subject to shareholder approval at the forthcoming Annual General Meeting. The proposed payout represents a dividend yield of approximately 5%.
At entity level, Dialog Axiata PLC remained the primary contributor to Group results, accounting for 76% of revenue and 74% of EBITDA. Company revenue climbed 18% to Rs. 135.8 billion, while EBITDA rose 32% to Rs. 63.6 billion. Net profit for the entity increased 41% to Rs. 15.6 billion, with forex-adjusted profits more than doubling.
During FY25, the Group also contributed Rs. 54.7 billion in taxes and levies to the Government of Sri Lanka, reaffirming its role as a key economic contributor. Capital expenditure for the year reached Rs. 20.2 billion, focused on expanding high-speed broadband infrastructure to meet growing national demand.