Wednesday Feb 18, 2026
Wednesday Feb 18, 2026
Monday, 9 February 2026 04:45 - - {{hitsCtrl.values.hits}}
Dialog Axiata PLC has announced strong financial results for the 2025 financial year (FY25), with mobile, fixed line, and digital pay television businesses recording a positive core revenue growth of 16% year-to-date (YTD).
Group headline revenue reached Rs. 179.6 billion, up 5% YTD, despite the continued strategic scaling down of a low-margin international wholesale business. In the fourth quarter of 2025, revenue was recorded at Rs. 46.5 billion up 2% quarter-on-quarter (QoQ) and 2% year-on-year (YoY).
Group Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) reached Rs. 86 billion up 30% YTD, supported by core revenue performance and cost rescaling initiatives. On a QoQ basis, Group EBITDA demonstrated a modest growth to record at Rs. 23 billion, up 2% QoQ, with an EBITDA margin of 49.5% in line with revenue performance. The Group EBITDA margin reached 47.9% for FY2025, up 9.2 percentage points.
Group Net Profit After Tax (NPAT) reached Rs. 20.8 billion for FY25, up 67% YTD mainly resulting from robust EBITDA growth, despite higher tax and net finance costs. Normalised for forex impact, NPAT growth was recorded at +>100% YTD to reach Rs. 22.1 billion. On a QoQ basis, NPAT grew 3% to reach Rs. 5.9 billion, resulting from strong EBITDA performance.
On the back of strong operational performance, the Group recorded Operating Free Cash Flow (OFCF) of Rs. 49.3 billion for FY25 up >100% YTD.
The company in a statement said that in line with the dividend policy and financial performance of the Group and taking into account the forward investment requirements to serve the nation’s demand for Broadband and Digital services, the Board of Directors of Dialog Axiata PLC at its meeting held on 6 February resolved to propose for consideration by shareholders, a dividend to ordinary shareholders amounting to Rs. 1.50 per share. The said dividend, if approved by shareholders, would translate to a dividend yield of 5% based on the share closing price for FY25.
The dividend so proposed will be considered for approval by the shareholders at the Annual General Meeting (AGM) of the company, the date pertaining to which would be notified in due course.
At entity level, Dialog Axiata PLC (company) continued to be the primary contributor to Group revenue (76%) and Group EBITDA (74%). Aided by sustained growth in the data segment and cost-rescaling initiatives, company revenue was recorded at Rs. 135.8 billion for FY25, up 18% YTD, while EBITDA rose 32% YTD to reach Rs. 63.6 billion.
On a QoQ basis, 4Q 2025 revenue was recorded at Rs. 34.8 billion, down 1% QoQ due to a reclassification of hubbing revenue, while EBITDA declined 1% QoQ to record Rs. 17 billion, largely attributable to network restoration costs and donations made in relation to Cyclone Ditwah relief efforts.
Furthermore, NPAT was recorded at Rs. 15.6 billion for FY25, up 41% YTD. Normalised for forex impacts, the company NPAT was up +>100% YTD to reach Rs. 17 billion. On a QoQ basis, company NPAT was recorded at Rs. 4.5 billion, down 6%.
Dialog Television (DTV) continued to consolidate its leadership in the digital pay-TV space, maintaining a subscriber base of over 1.6 million as at end-FY25. Revenue for FY25 grew 4% YTD to Rs. 12.9 billion, while on a QoQ basis, revenue declined 4% to reach Rs. 3.2 billion in 4Q 2025, reflecting the seasonal advertising revenue uplift recorded in 3Q 2025.
DTV EBITDA was up 26% YTD at Rs. 2.7 billion for FY25, supported primarily by ongoing cost-rationalisation initiatives; however, DTV recorded a net loss of Rs. 0.7 billion for the year.
Dialog Broadband Networks (DBN), featuring the Group’s fixed telecommunications, broadband, and international businesses, recorded revenue of Rs. 35.5 billion for FY25, down 28% YTD due to the conscious scaling down of low-margin international wholesale business amounting to Rs. 16 billion. Downstream of revenue decline, DBN EBITDA grew 29% YTD to reach Rs. 19.6 billion for FY25, with the EBITDA margin improving 24.3 percentage points to record at 55% for the year. NPAT reached Rs. 6.1 billion for the same period, up +>100% YTD, supported by a steep decline in costs.
Dialog Group continued to be a notable contributor to State revenues, remitting a total of Rs. 54.7 billion to the Government of Sri Lanka during FY25. Total remittances included direct taxes and levies amounting to Rs. 11.1 billion and Rs. 43.6 billion in consumption taxes collected on behalf of the Government.
Group capital expenditure for the year ended 31 December 2025 reached Rs. 20.2 billion, resulting in a CapEx to Revenue ratio of 11%. Capital expenditure was directed towards investments in high-speed broadband infrastructure to further expand the Group’s leadership in Sri Lanka’s broadband sector.
Dialog commercially launched Dialog 5G Ultra, strengthening its leadership in next-generation connectivity with over 220 live sites and more than 1.5 million subscribers already connected to the country’s largest 5G network. As the first operator to enable commercial 5G in Sri Lanka and the only provider with both 3500 MHz and 27 GHz spectrums, Dialog is uniquely positioned to deliver nationwide coverage, gigabit speeds, and advanced enterprise solutions. The Group plans to invest $ 100 million over the next two years to expand 5G connectivity.
Dialog committed Rs. 420 million to the Government’s ‘Rebuilding Sri Lanka’ initiative to support recovery following Cyclone Ditwah. The contribution will fund the restoration of critical hospital infrastructure and refurbishment of ICT facilities in over 20 affected schools, strengthening healthcare access and digital learning in impacted regions. Dialog also supported over 8 million customers during the disaster through free connectivity services to maintain communication. This commitment builds on the Group’s longstanding role in national crisis response and underscores its continued focus on community resilience and sustainable national development.
