Taiwan Mobile Earnings Call: Multi-Track Growth Momentum Leads to Upward Revision of Full-Year Operating Profit Growth to 7-9%

Taiwan Mobile (3045-TW) held its earnings conference today (14th), where CEO Lin Chi-Chen stated that the company's growth momentum is advancing across multiple tracks. Core telecom operations and the momo business are growing steadily, while enterprise telecom and new technology ventures are expanding at an accelerated pace. Excluding the impact of the acquisition of Synology Information (6214-TW), the company has raised its full-year operating profit growth forecast to 7-9%.

In the business outlook released in January, Taiwan Mobile had projected consolidated revenue growth of 5-7%, with both telecom and other businesses expected to grow by 5-7%. Consolidated operating profit was initially forecast to grow by 1-2%, with telecom operating profit growth at 4-6% and consolidated operating margin around 9-11%.

Now, excluding the impact of the Synology Information acquisition, the company has revised its full-year profit outlook upward. Consolidated operating profit growth is now expected to reach 7-9%, with telecom business operating profit growth raised to 13-15%. The consolidated operating margin has also been increased to 10-12%. Consolidated revenue guidance remains unchanged from the previous forecast.

Lin emphasized that beyond the three core growth engines—Telco (core telecom), Telco+ (enterprise telecom), and Telco+Tech (technology-integrated telecom)—Taiwan Mobile is seizing early alpha opportunities in the AI agency era by offering enterprise-grade AIDC and AICT solutions.

Second-quarter revenue reached NT$49.43 billion, down 0.7% quarter-on-quarter but up 4.15% year-on-year. EBITDA was NT$11.497 billion, up 1.26% quarter-on-quarter and 8.56% year-on-year. Net profit after tax reached NT$4.55 billion, up 9.64% quarter-on-quarter and 38.72% year-on-year—the highest in nearly 20 years—with earnings per share at NT$1.49.

Cumulative revenue for the first six months of the year reached NT$99.21 billion, up 3.74% year-on-year. EBITDA totaled NT$22.851 billion, up 8.07% year-on-year. Net profit after tax was NT$8.69 billion, up 25.22% year-on-year, with earnings per share at NT$2.86.