In FY 25/26 1H (1 Aug 2025 to 31 Jan 2026), TUAS LTD – SIMBA Telecom saw strong financial growth in the first half of the 2026 fiscal year, with revenue is up by 26% compared to the same period last year. This was largely factoed by the rapidly expanding number of mobile and broadband subscribers.
Its core earnings (Underlying EBITDA) rose by 27%, pushing the profit margin up slightly to 46%. Additionally, the average revenue earned per mobile user remained steady at $9.61, a slight increase from the previous year’s $9.60.
As of FY26 1H, it’s active mobile subscriber base has grown to 1.412 million (postpaid+prepaid). That is an increase of 12.6% compared to FY 25 2H.
Fibre Broadband Growth
Fibre broadband subscription rate also sees a huge jump from 25,592 to 45,133, a 80% increase over FY 25 2H numbers.
As for SIMBA’s acquisition of M1, both Keppel and SIMBA are working towards completing the transaction and joint engagements with IMDA are still ongoing.
As mentioned before, the issues raised by other reports can be resolved. Even when SIMBA combined with M1, their total amount of LTE and 5G bands are still lesser than Singtel and Starhub.
SIMBA has been the underdog operating a 5G NSA network using just 10 MHz + LTE band while the other telcos have 100 MHz of n78 band + 25 MHz of n1 (a total of 125 MHz) to run a proper 5G high speed network. In fact, I think there is no need to return any bands as the total combined bandwidth still falls behind other telcos.
It is not known when IMDA will make a decision. I hope they do it as soon as possible so that SIMBA users can tap onto real 5G speeds,