Bangkok: True Corporation Public Company Limited has adjusted its 2025 revenue target to remain stable compared to 2024, maintaining a steady financial outlook despite network challenges and economic conditions. The company reported a profit after tax of over 2.0 billion baht for the second quarter of 2025, marking its second consecutive profitable quarter.

According to Thai News Agency, Mr. Sigve Brekke, Group CEO of True Corporation, stated that the financial performance for the second quarter remained stable despite a challenging economic environment and temporary network outages. The company's success in the recent spectrum auction in June is expected to broaden its spectrum portfolio, enhancing network capacity and supporting future connectivity technologies. This strategic move aims to accelerate the rollout of new digital services, ensuring a stable business trajectory.

In the second quarter of 2025, True Corporation reported a net profit after tax of THB 2.0 billion. This figure included THB 2.5 billion in one-time costs related to asset impairments from network modernization and the 850 MHz spectrum discontinuation. After adjusting for THB 368 million in one-time items and tax benefits, the net profit after tax stood at THB 4.2 billion. The company's capital expenditures for the quarter were THB 7.2 billion, with approximately half allocated to integration costs from network modernization efforts.

Addressing macroeconomic challenges in Thailand for 2025, True has revised its operating targets, projecting flat to 1% year-on-year service revenue growth, excluding interconnection charges and domestic roaming with NT. EBITDA growth is anticipated at 7-8% for the full year, while capital expenditures are expected to remain between 28-30 billion baht, maintaining profitability throughout 2025.