{
  "id": 9230112,
  "title": "Simba parent Tuas full-year profit surges to S$26 million on subscriber growth",
  "url": "https://urgent.news/2026/09/23/simba-parent-tuas-full-year-profit-surges-to-s-26-million-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T00:34:47.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/simba-parent-tuas-full-year-profit-surges-s26-million-subscriber-growth"
  },
  "original_language": "en",
  "account": null,
  "summary": "Tuas, the parent company of Simba Telecom, reported a significant surge in its full-year net profit to S$26 million, up 277% from S$6.9 million in the previous year. This growth was driven by an increase in subscribers and a broader range of plans, expanding its customer segment. Revenue also rose 24% to S$187.6 million. Basic earnings per share increased from S$0.0148 to S$0.0478, while underlying earnings before interest, taxes, depreciation, and amortisation grew by 22% to S$83.8 million. Despite the suspension of the failed M1 acquisition from Keppel due to unauthorized spectrum usage, the company remains cooperative with the IMDA and awaits their decision. The board has raised S$364.5 million through placements and a share purchase plan, but the use of these funds is currently undecided. The company expects to incur incremental capital and operating expenditure of S$15 million to S$30 million for the upcoming year to meet cybersecurity requirements and develop new innovative products.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Tuas H2 2026 profit jumps, but shares sink 14%",
        "url": "https://urgent.news/2026/09/23/earnings-call-transcript-tuas-h2-2026-profit-jumps-but-shares-sink-14",
        "published": "2026-09-23T00:38:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}