Simba Telecom

News Summary:

Tuas Limited, which operates Simba Telecom, reported increased revenue and earnings for fiscal year 2026, focusing on digital connectivity services and expanding its customer base, while regulatory matters remained in focus. Earlier on September 30, 2026, Tuas Ltd.'s earnings call highlighted strong growth in FY2026, with revenue rising 24% to SGD 187.6 million and underlying net profit after tax surging to SGD 29.6 million from SGD 6.9 million a year earlier. The company achieved 22% EBITDA growth, maintaining a 45% margin, citing expanding mobile and broadband subscriber bases, robust operating cash flow, and solid network performance. Management acknowledged regulatory headwinds, spectrum-use issues, and some margin pressure from broadband growth. On September 28, 2026, cybersecurity incidents included a data breach exposing sensitive customer information related to SIMBA. This followed Tuas shares falling 13.73% to $2.01 on September 23, 2026, despite the strong operating results. For fiscal 2027, the company expects combined mobile and broadband capital expenditure of SGD 50 million to SGD 55 million and incremental cybersecurity compliance spending of SGD 15 million to SGD 30 million, anticipating this investment will continue beyond FY27 as threats evolve and regulatory requirements step up.