TPG posts revenue, EBITDA and profit gains as it publishes full year results

22 Sep 2015

Alternative Australian telecommunications provider TPG Telecom has published its financial results for the twelve months ended 31 July 2015, with revenue, EBITDA and net profit after tax (NPAT) all increasing by more than 30% against the previous year.

In the period under review TPG generated a total turnover of AUD1.271 billion (USD1.043 billion), up from AUD970.9 million in FY14, with revenues from the company’s corporate customers now accounting for the larger portion of the total at AUD642.5 million, up from AUD407.7 million. Consumer revenues, meanwhile, totalled AUD628.1 million, the lion’s share of which – AUD544.4 million – was generated by broadband services, with turnover from mobile and ‘other’ services standing at AUD79.1 million and AUD4.6 million, respectively. EBITDA in FY15 totalled AUD484.5 million, up from AUD363.7 million, with TPG recording a NPAT of AUD224.1 million, compared to the AUD171.7 million reported for FY14.

In operational terms, as at end-July 2015 TPG’s broadband subscriber base totalled 821,000, up from 748,000 a year earlier, with two-thirds – 542,000, up from 471,000 – being ADSL-based connections taken as part of bundle. Standalone on-net ADSL customers meanwhile numbered 173,000, down from 205,000 at end-July 2014, with off-net ADSL subscribers falling from 70,000 to 62,000 over the same period. Customers signed up to a high speed fixed internet service offered over the National Broadband Network (NBN) accounted for the remaining 44,000 accesses, having increased significantly from just 2,000 a year earlier. Fixed voice customer numbers also continued to increase, reaching 591,000 at 31 July 2015, compared to 477,000 twelve months previously, though mobile accesses fared less well, with 320,000 customers signed up to TPG’s MVNO offering at the end of the reporting period, down from 362,000 at mid-2014.

Australia, TPG Corporation (incl. iiNet, Internode and AAPT)