Advanced Info Service Public Company (ADVANC) Q2 2025 earnings summary

Executive summary

• Achieved strong growth in 2Q25 and 1H25, driven by quality-focused strategies and robust demand for connectivity and digital solutions.

• Revenue for the six months ended June 30, 2025, reached THB 112,355 million, up from THB 104,625 million year-over-year, with net profit rising to THB 21,565 million from THB 17,029 million.

• Gross profit improved to THB 42,933 million for the six-month period, compared to THB 37,451 million in the prior year.

• Revised FY25 guidance upward for core service revenue and EBITDA, reflecting outperformance in 1H25.

• Maintained a cautious outlook due to economic uncertainties and softer consumer sentiment.

Financial highlights

• 2Q25 total revenue Bt56.0bn, up 9.2% YoY; EBITDA Bt30.3bn, up 7.6% YoY; NPAT Bt11.0bn, up 28% YoY.

• 1H25 total revenue Bt112.4bn, up 7.4% YoY; EBITDA Bt60.3bn, up 7.5% YoY; NPAT Bt21.6bn, up 27% YoY.

• Basic and diluted EPS for the six months were THB 7.25, up from THB 5.73 year-over-year.

• Gross margin for the six months was 38.2%, up from 35.8% in the prior year.

• Cash flows from operating activities for the six months totaled THB 55,978 million.

Outlook and guidance

• FY25 guidance for core service revenue and EBITDA revised to 4–6% growth (from 3–5%), reflecting strong 1H25 performance.

• The company received approval to establish a virtual bank with partners, signaling expansion into digital financial services.

• A new spectrum license was secured for 2100 MHz, with a total bid price of THB 14,850 million, supporting future network growth.

• CAPEX (excluding spectrum) maintained at Bt26–27bn.

• Focus remains on quality-driven expansion, prudent cost management, and leveraging network leadership.