Dialog delivers strong 1Q 2025 performance
View(s):Dialog Axiata PLC Group delivered a strong performance across Mobile, Fixed Line, Digital Pay Television and Teleinfrastructure businesses recording a revenue growth of 4 per cent Year on Year (YoY) to reach Rs.43.3 billion for Q1 2025. On a Quarter on Quarter (QoQ) basis revenue declined by 5 per cent owing to conscious scaling down of low margin international wholesale business, the company said in a media release.
Group core revenue was recorded at Rs.41.4 billion for Q1 2025, up 20 per cent YoY. Group Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) recorded a growth of 45 per cent YoY to reach Rs.19.7 billion, however declining by 7 per cent QoQ due to moderate decline in core revenue.
Dialog Group continued to be a significant contributor to state revenues, remitting a total of Rs.14.8 billion to the Government during Q1 2025. Total remittances included direct taxes and levies amounting to Rs.4.5 billion as well as Rs.10.3 billion in consumption taxes.
The group continues to remain steadfast to meet growing demand from both retail and corporate sectors, whilst also ensuring seamless experience and leadership in Sri Lanka’s’ Broadband and ICT sectors.
At an entity level, the company continued to contribute a major share of group revenue (74 per cent) and Group EBITDA (72 per cent) during the quarter. Company revenue was recorded at Rs.32.3 billion, up 26 per cent YoY due to consolidation of Airtel business and stable pricing in the consumer space.
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