Tuas (ASX:TUA) has delivered a milestone financial performance for the first half of the 2026 financial year, underpinned by an expansion of its telecommunications footprint.
The Singapore-based provider, which emerged from the demerger of TPG Telecom, announced a record 173% surge in statutory net profit after tax, reaching S$8.2 million for the six months ended Jan. 31.
The bottom-line explosion was driven by a 24% increase in revenue, which climbed to S$91.9 million, alongside a 27% rise in underlying earnings to S$42.1 million.
The company's rapid ascent reflects a high-performance period defined by gains in both mobile and broadband divisions.
Management attributed the record-breaking results to a disciplined approach to cost management and an expanding subscriber base that continues to find favour in a competitive market.
Despite the substantial profit uplift, the board opted not to declare an interim dividend, choosing instead to prioritise reinvestment into the company’s infrastructure.
Tuas is signalling a continued appetite for growth. The firm has formalised its capital expenditure guidance for FY26 in the range of S$50 million to S$55 million.
The planned investment is expected to further bolster network reliability and service offerings, ensuring the provider maintains its momentum against established incumbents.
At the time of reporting, Tuas' share price was $6.56.