Dialog Axiata closed 2025 on a strong note, reporting steady fourth-quarter growth supported by rising core revenues, improved cost discipline, and a strategic shift away from lower-margin wholesale operations. Revenue for the October–December quarter increased 2 percent year-on-year and sequentially to Rs.46.5 billion, while EBITDA rose 2 percent to Rs.23.0 billion, maintaining margins close to 50 percent. Net profit after tax grew 3 percent quarter-on-quarter to Rs.5.9 billion despite higher tax and finance costs.
At the parent-company level, performance softened slightly, with quarterly revenue declining 1 percent to Rs.34.8 billion and EBITDA falling 1 percent to Rs.17.0 billion, impacted by network restoration expenses and cyclone-related relief contributions. Net profit declined 6 percent quarter-on-quarter to Rs.4.5 billion. Among subsidiaries, Dialog Television recorded a 4 percent revenue decline following seasonal advertising strength in the previous quarter, while Dialog Broadband Networks continued scaling down its low-margin international wholesale business.
For the full year, Dialog reported 16 percent growth in core revenue, with total revenue rising 5 percent to Rs.179.6 billion. EBITDA increased 30 percent to Rs.86.0 billion and net profit surged 67 percent to Rs.20.8 billion, reflecting strong operating leverage from cost optimisation initiatives. Operating free cash flow more than doubled to Rs.49.3 billion, while capital expenditure of Rs.20.2 billion focused primarily on expanding high-speed broadband infrastructure to support growing digital service demand. The board proposed a dividend of Rs.1.50 per share, representing a yield of approximately 5 percent, and the company contributed Rs.54.7 billion in taxes and levies to the Sri Lankan government during the year.
