Nevertheless, Xin Telecom's annual revenue and interest-tax profit-making before interest and tax (EBITDA) were lower than market expectations.
Looking ahead to 2026, Xin Telecom estimated capital expenditure to be 2.5 billion yuan, of which core capital expenditure is 1.7 billion yuan, and another 800 million yuan will be invested in data centers, artificial intelligence, digital transformation and satellite projects. In addition, earnings before interest and tax are expected to usher in high single-digit growth.
New Telecom announced on Thursday that its net profit for the 2025 fiscal year rose sharply to 4 billion yuan, higher than the market estimate of 2.510 billion yuan.
On the other hand, Xin Telecom also announced a stock repurchase plan with a scale of 2 billion yuan as part of its capital management strategy and creating value for shareholders. This stock repurchase program will be carried out gradually before the 2028 fiscal year.
As the full-year net profit exceeded market expectations and the announced stock repurchase plan of up to 2 billion yuan, Singtel's stock price rose, rising 2.34% to 3.94 yuan as of 10:50 am on Thursday (May 22), leading the rise to other Straits Times index components.