APAC News
ASMPT Wins New Orders for Nineteen Chip-to-Substrate TCB Tools to Serve AI Chip Market
ASMPT (HKEX: 0522), the world’s leading provider of integrated hardware and software solutions for semiconductor and electronics manufacturing, announced it had won new orders for 19 Chip-to-Substrate (C2S) TCB tools from a major OSAT partner of the leading foundry serving the AI chip market. ASMPT is the sole supplier and Process of Record (POR) of C2S TCB solutions for this customer, supporting their high-volume manufacturing requirements. These latest systems will enable their next-generation C2S bonding for logic applications as compound die sizes get larger. This demonstrates the customer’s continued confidence in ASMPT's technological leadership and production-proven capabilities. Looking ahead, ASMPT is well-positioned to secure additional orders in the future. This continued momentum for ASMPT’s flagship Thermo-Compression Bonding (TCB) solutions reinforces its position as the industry's leading provider of advanced packaging solutions for artificial intelligence and high-performance computing applications. "The TCB market is experiencing transformational growth driven by AI and HPC applications," said Robin Ng, Group CEO, ASMPT. "Our comprehensive technology portfolio spanning chip-on-wafer, chip-on-substrate, and HBM applications positions ASMPT uniquely to support our customers' most demanding advanced packaging roadmaps. This latest win validates our technology leadership and highlights the market's recognition of our ability to deliver production-ready, scalable platforms." With the largest TCB installed base worldwide consisting of more than 500 tools, ASMPT is strategically positioned to capture between 35% to 40% of an expanded TCB market. ASMPT recently expressed confidence that the TCB Total Addressable Market (TAM) projection will exceed US$1 billion by 2027, bolstered by recent news about AI ecosystem investments. About ASMPT Limited ASMPT Limited is a leading global supplier of hardware and software solutions for the manufacture of semiconductors and electronics. Headquartered in Singapore, ASMPT's offerings encompass the semiconductor assembly & packaging, and SMT (surface mount technology) industries, ranging from wafer deposition to the various solutions that organise, assemble and package delicate electronic components into a vast range of end-user devices. ASMPT partners with customers very closely, with continuous investment in R&D helping to provide cost-effective, industry-shaping solutions that achieve higher productivity, greater reliability, and enhanced quality. ASMPT is listed on the Stock Exchange of Hong Kong (HKEX stock code: 0522) and is one of the constituent stocks of the Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under Hang Seng Composite Industry Indexes, the Hang Seng Corporate Sustainability Benchmark Index, and the Hang Seng HK 35 Index. To learn more about ASMPT, please visit us at www.asmpt.com . For media enquiries: Global ASMPT Press Office ASMPT Ltd Lim Ee Guan Director, Corporate Communications E-Mail: [email protected] Global ASMPT Semiconductor Solutions Press Office ASMPT Ltd Jessica Ho Semiconductor Solutions E-Mail: [email protected]
Lunit to Highlight New AI Evidence in Cancer Screening and Breast Density–Driven Risk Modeling at RSNA 2025
MOU signed with Thailand's Department of Climate Change and Environment to contribute to the realization of a safe and sustainable society
Coles and SecondBite unite to tackle holiday hunger as new research reveals festive struggles
- December 3, 2025Travel & Leisure
Jetstar makes history with inaugural Newcastle to Hobart service, offering sale fares from only $59^
Jetstar will take off for the first time from Newcastle to Hobart today, with the brand-new connection set to boost tourism across both cities. JQ489 is due to depart Newcastle Airport this afternoon carrying more than 160 customers. It will be the first of three weekly return services linking the Hunter Region with Hobart. The new seasonal service until 21 April 2026 will be operated by Jetstar’s A320 fleet, providing more than 22,000 new low-cost seats on the route this season. As part of Jetstar’s Cyber Monday Fare Frenzy, the airline is offering one-way sale fares from just $59^ at jetstar.com until 11:59pm tonight. Other Newcastle routes in the sale include: Newcastle to Brisbane from $29^ Newcastle to Gold Coast from $29^ Newcastle to Melbourne from $56 Newcastle to Bali (Denpasar) from $215^ Newcastle growth Today’s operational launch comes six weeks after Jetstar restarted international flying from Newcastle, offering four flights a week to Bali (Denpasar) and connections to Singapore. This growth combined with Jetstar’s four existing domestic routes to Brisbane, Cairns, Gold Coast and Melbourne means the airline now operates more than 770,000 seats a year in and out of Newcastle. Jetstar’s Executive Manager Commercial, Lyle Brownscombe, said the airline is proud to be making history in the Hunter. “ This is the first time Newcastle and Hobart have ever been connected by air, and we’re thrilled to be making this route a reality. “Hunter residents can now reach Tasmania’s wilderness, food and wine experiences without the hassle of connecting through other cities - saving time and money. “This service will also boost tourism across Newcastle and the Hunter, allowing more people than ever to experience this region’s stunning beaches and world-class wineries. “I want to extend my sincere thanks to the New South Wales and Tasmanian governments as well as Newcastle and Hobart airports for their strong support of low fares travel and tourism.” Newcastle Airport CEO, Linc Horton, said the launch of the Hobart route continues the airport’s momentum as it grows into a national and international hub. “Today’s inaugural flight to Hobart strengthens our region’s access to the places that matter. “The direct connection to Hobart is a key destination and we thank Jetstar’s continued confidence in our region. “We also thank our government partners, tourism bodies and community advocates who helped make this route a reality.” NSW Minister for the Hunter, Yasmin Catley said: “This is fantastic news for Newcastle and the Hunter. For the first time, Tasmanians will have a direct link into the heart of our region, opening the door to everything we have to offer. “This seasonal service will bring more visitors to our restaurants, wineries, beaches and events, supporting local businesses and creating jobs right across the Hunter. There’s no better time to swap a Tasmanian Tempranillo for a Hunter Region Riesling than this summer. “Through the Aviation Attraction Fund we’re connecting communities, boosting tourism and building a stronger regional economy.” Matt Cocker, COO of Hobart Airport: “The new direct flight to Newcastle unlocks the largest population area in Australia that we weren’t flying directly to previously. “Travellers can save time and money by flying direct between Hobart and Newcastle, rather than via Sydney, and that’s going to really appeal to a lot of holiday-makers.” Steve Farquer, Director of Access and Aviation, Tourism Tasmania: "On behalf of Tourism Tasmania, we are ready and excited to welcome travellers to Come Down For Air on this direct route into Hobart. "From epic wilderness walks, pristine beaches, and iconic museums, to some of the world’s best vineyards and distilleries, Tasmania offers drawcard experiences unlike anywhere else." Flight schedule ^Sale ends 11:59pm AEDT Tuesday, 2 December 2025, unless sold out. Excludes checked bags. Prices based on payment by PayID, Jetstar voucher, Jetstar Gift Card, or bookings redeemed only in Qantas Points through jetstar.com. For other options, a Payment Fee applies. See jetstar.com/fees. Travel dates and other conditions apply.
- December 2, 2025Event Announcement
Ascott Launches Asia’s First Chelsea-Themed Hotel Suites During The Famous CFC Jakarta, Unveiled by Club Legend Gary Cahill
The Ascott Limited (Ascott), the Official Hotels Partner of Chelsea Football Club, launched Asia’s first Chelsea-themed hotel suites at Ascott Sudirman Jakarta and Citadines Sudirman Jakarta in Indonesia as part of The Famous CFC Jakarta, the third edition of Chelsea’s international fan engagement event presented by Ascott. The unveiling was led by Gary Cahill, former England international and Chelsea club captain. The well-loved club legend was the star of the two-day festivities, held on 29 and 30 November 2025, which featured a range of activities including a fireside chat, fan meet-and-greet, pre-match party and watch party for Chelsea’s fixture against Arsenal. Events were hosted at venues across Ascott’s flagship properties in the city, such as Ascott Sudirman Jakarta , Citadines Sudirman Jakarta and HARRIS Hotel & Conventions Kelapa Gading . The Famous CFC is a global fan experience designed by Chelsea to strengthen its bond with supporters worldwide while fostering collaboration with international partners and brands. As a flagship event in Ascott’s second season as Chelsea’s Official Hotels Partner, the Jakarta edition reaffirmed the strength of the ongoing partnership between both organisations. Gary Cahill said: “It is amazing to see how Chelsea’s global fan family keeps growing, and Indonesia is easily one of the most passionate places for Blues supporters. Being here in Jakarta and seeing how Ascott has brought the spirit of the club to life is really special. The Chelsea-themed hotel suites are a fantastic way for fans to feel closer to the club, even when they are far from Stamford Bridge.” Dan McEwan, Director of Partnerships at Chelsea Football Club, said: “We are delighted by the incredible turnout at The Famous CFC in Jakarta. Seeing Chelsea supporters and the Ascott community come together with such enthusiasm illustrates the strength of our partnership and the shared commitment to bringing the club closer to fans worldwide. The Chelsea-themed hotel suites developed with Ascott offer our global fan base a taste of the club and Stamford Bridge, and we are excited by the new ways they help bring the club and partnership to life beyond the pitch.” Tan Bee Leng, Chief Commercial Officer, Ascott, said: “Another successful edition of The Famous CFC presented by Ascott, this time in Jakarta. The event underscores our commitment to delivering heartfelt, experiential travel moments for our Ascott Star Rewards members. As our partnership with Chelsea deepens, we are gearing up for the opening of lyf Chelsea London in 2Q 2026. With its bold, experience-led and community-focused concept, the lyf brand is set to capture the spirit of Chelsea and the energy of Stamford Bridge. This will be more than a stay; it will be a vibrant social-living experience that brings the club’s passion to life. We look forward to welcoming guests to lyf Chelsea London at Stamford Bridge for an immersive experience that celebrates both the heart of London and the Blues.” Book Your Dream Stay in Asia’s First Chelsea-Themed Hotel Suites For the first time in Asia, Chelsea fans can immerse themselves in the club’s pride and heritage at two Chelsea-themed hotel suites in Jakarta, Indonesia. Adorned with exquisite Chelsea memorabilia and bespoke fittings, The Legend Suite at Ascott Sudirman Jakarta captures the heart of Chelsea’s story, from the great players to the iconic matches that have defined the club. Every corner tells a story, with meticulous attention to detail that reflects the legacy of the Blues. Classy and elegant, the suite offers guests the chance to relive legendary moments while enjoying Ascott’s signature blend of understated luxury and arts-inspired hospitality. At Citadines Sudirman Jakarta ,The Bridge Suite delivers the full excitement of match day. From the moment guests walk in, the suite captures the colours, passion and buzz of Stamford Bridge, with Chelsea-themed décor, ambient lighting and enhanced audio-visual elements. This two-bedroom space lets fans, families and friends feel the emotion of a live game, even thousands of miles from London, for a truly immersive Chelsea experience. Reservations for both Chelsea-themed hotel suites in Jakarta are now available via our website: The Legend Suite at Ascott Sudirman Jakarta and The Bridge Suite at Citadines Sudirman Jakarta For the latest updates, please visit https://www.discoverasr.com/en/ascott-chelseafc . Highlights from The Famous CFC Jakarta The Famous CFC Jakarta kicked off at Ascott Sudirman Jakarta on Saturday, 29 November, with Chelsea club legend Gary Cahill engaging fans in an intimate fireside chat, sharing his fondest memories from his time on the pitch and his journey with the club. Following the session, Gary Cahill joined Philip Barnes, Country General Manger of Ascott Indonesia, to officially unveil The Legend Suite at Ascott Sudirman Jakarta . He then explored the vibrant city, visiting Ascott’s properties such as Citadines Sudirman Jakarta , YELLO Hotel Harmoni Jakarta and HARRIS Hotel & Conventions Kelapa Gading , bringing the Chelsea spirit to each location. On Sunday, 30 November, in line with The Famous CFC’s commitment to community engagement and Ascott’s dedication to supporting local communities and disability inclusion, Gary Cahill visited the ASIOP Stadium, hosting students from the Saraswati Learning Centre, a special needs school in central Jakarta that empowers children with diverse learning abilities. The students participated in arts and crafts activities and a football session, receiving tips from the Chelsea legend on perfecting their dribble. It was an inspiring morning that blended sport, learning and fun, while celebrating the spirit of inclusion and equal opportunity for all young fans. Ahead of the evening programme, Gary Cahill joined Ascott Star Rewards members at an exclusive meet-and-greet event at HARRIS Hotel & Conventions Kelapa Gading , where members engaged with the Chelsea legend through a Q&A session and photo opportunities. This was followed by a pre-watch party featuring local hospitality and fan engagement activities that gave Chelsea fans and Ascott Star Rewards members the chance to interact with Gary Cahill. The two-day event reached its climax at HW Livehouse, where about 250 supporters gathered to watch the Chelsea versus Arsenal match, beamed live from Stamford Bridge. With Gary Cahill in attendance, the electrifying atmosphere, fuelled by fans’ passion for the Blues, delivered a spectacular finale to yet another unforgettable edition of The Famous CFC. For the latest updates on exclusive offers from Ascott’s partnership with Chelsea, including the upcoming editions of The Famous CFC, please visit https://www.discoverasr.com/en/ascott-chelseafc . About Ascott Star Rewards (ASR) Ascott Star Rewards (ASR) offers members a range of exclusive privileges designed to elevate every aspect of their travel experience. From priority welcome services and access to airport lounges, to enhanced stay benefits such as car rental privileges, bonus ASR points, airline miles and travel vouchers, ASR ensures a seamless, start-to-finish experience. Beyond exceptional stays, ASR members also enjoy access to Ascott Privilege Signatures , which unlocks invitations to prestigious global events, including Premier League football matches, renowned tennis tournaments, and elite gastronomy and lifestyle experiences. To become an ASR member, sign up today at https://www.discoverasr.com/en/sign-up .
- December 2, 2025Business
‘Retail Without Borders’ – how Frasers Property Thailand engaged evolving consumer behaviour at Samyan Mitrtown
For the past six years, amid evolving consumer preferences, Frasers Property Thailand’s (FPT) Samyan Mitrtown mall has maintained a healthy occupancy rate of 98% and an average daily footfall of over 80,000 visitors, underscoring the mall’s strength and its ability to attract diverse consumer segments. At the heart of its success is its management strategy for Samyan Mitrtown, positioning the mall as a next-generation retail destination that caters to evolving consumer behaviour. Built on the concept of ’Retail Without Borders,’ Samyan Mitrtown leverages deep consumer understanding, driven by a passionate team to create experiences that genuinely resonate with the lifestyles of modern urbanites. Thiranant Kornsritipa, First Executive Vice President of retail business development of Frasers Property (Thailand) Public Company Limited , who has overseen Samyan Mitrtown for over six years, explained that the key to success was in a customer-centric approach and the determination to move beyond traditional retail formats. “We embraced the ‘Retail Without Borders’ concept to remain open to learning, experimentation, and rapid adaptation in response to continuously evolving trends and consumer behaviours. What matters most is truly understanding our customers and creating spaces that authentically reflect their identity.” FPT’s ‘Retail Without Borders’ concept covers three core strategies: 1. Shared Spaces for Everyone – offering a comfortable place for all Samyan Mitrtown positions itself as a space for everyone, opening its doors for all to participate in positive experiences through activities, events, and carefully curated shops that cater to diverse customer lifestyles. This philosophy recognises and values the uniqueness and differences in people, ready to support every moment in life—whether dining, learning, relaxing, or spending time together. This is reflected in diverse activities spanning education, food, health, music, and more, including: Samyan Mitrtown Lantern Art Festival 2025 – the year's signature art event seamlessly blending art and culture Play to the Max at Samyan Mitrtown – a viral challenge campaign inviting customers to participate and create shared experiences through various trending activities, such as carpet walking and singing with popular T-Pop artists Lannom Samyan – another signature year-end event that invites customers to gather with friends and enjoy alcohol-free beverages in a festive atmosphere and has received excellent customer response. 2. Your Insight, Your Inspiration – bridging customer understanding to better experiences Behind every successful activity and space management is a trove of data and insights from customers, tenants, and social trends that are carefully analysed by the Samyan Mitrtown team. Guided by the principle of ‘understand to deliver’, the team studies sales performance, customer journey mapping within the mall, and lifestyle behaviours to develop fresh concepts and design experiences. This approach ensures that each visit offers a new and engaging atmosphere that keeps customers coming back. 3. Meaningful Partnerships, Mutual Growth – creating value with partners, growing together sustainably Samyan Mitrtown values its tenants as partners to grow together with, working closely with brands, shops, and new entrepreneurs under the Sandbox leasing model. This approach provides experimental spaces for rotating shops within the mall for a duration of three to six months, giving entrepreneurs the chance to test their products and solutions in the market whilst offering customers new experiences through continually refreshed retail offerings, creating a vibrant and dynamic atmosphere. Driven by these three strategies, Samyan Mitrtown remains a place that truly understands urban life and continues to evolve into a complete lifestyle destination for everyone. Looking ahead, FPT aims to further expand concepts around dining, learning, relaxing and spending time together to align even more closely with new-generation lifestyles, following a community-centric model that grows with customers, partners and surrounding communities. “We are committed to making Samyan Mitrtown more than just a shopping mall—it is a living space where everyone can truly feel they belong,” Thiranant concluded.
- December 2, 2025Business
EVT Connect Hospitality launches with successful acquisition of Pro-invest Hotels
EVT Limited today announced the successful completion of its Pro-invest Hotels (PIH) acquisition, marking the official launch of EVT Connect Hospitality, and cementing EVT’s status as the second largest hotel operator in Australia and New Zealand. EVT has a committed hotel growth strategy anchored on three strategic pillars:EVT Owned Brands – Expansion through QT, Rydges, Atura and LyLo owned brands via key city hotel ownership and asset light management solutions across Australia, New Zealand and expanding into Southeast Asia. EVT Owned Brands – Expansion through QT, Rydges, Atura and LyLo owned brands via key city hotel ownership and asset light management solutions across Australia, New Zealand and expanding into Southeast Asia. EVT Independent Collection – EVT can create independent brands for asset owners that seek to retain ownership of brand IP while leveraging EVT’s extensive experience, now spanning 20 properties. EVT Connect Hospitality – Hotel owners can now leverage EVT’s expansive capabilities combined with a third-party hotel brand franchise to deliver above market performance. The successful completion of the Pro-invest deal means that this pillar for growth now has 15 hotels and 3,200 rooms under management. CEO EVT, Jane Hastings commented “Today, the official launch of EVT Connect Hospitality, seeded by the successful completion of the Pro-invest Hotels acquisition, marks another significant milestone in our hotel’s growth strategy, a priority for our Group. We welcome the Pro-invest Hotels team to EVT and have confidence in a bright future for this growth pillar under the leadership of Mathew Duff, EVT Director of Commercial and Connect Hospitality.” EVT Director of Commercial and Connect Hospitality, Mathew Duff commented, “EVT Connect Hospitality has been designed to power third-party brand performance in our markets. An asset owner can now choose to franchise a third-party hotel brand and boost performance by leveraging EVT’s local and extensive expertise to ensure long-term success for our partners. We aim to set a new benchmark for third-party management in Australasia. We are pleased to have appointed Troy Cuthbertson, a well-respected EVT hotel operator with more than 30 years’ experience in the industry, as our General Manager of Operations”. From IT investment to sustainability initiatives, developing the best frontline team members through to award winning culinary talent, EVT will elevate EVT Connect Hospitality to deliver above market results while providing enhanced value and flexibility for every type of hotel owner. Pro-invest Group will retain asset management responsibilities for the 15 hotels owned by the three hotel investment funds via its fund management platform. For more information, visit EVT Connect Hospitality
- December 2, 2025Event Announcement
Jetstar celebrates 20 years in Christchurch with the launch of direct flights between Christchurch and Hamilton
Jetstar’s first-ever direct flight between Hamilton and Christchurch takes off today, as the airline celebrates 20 years of operations in Christchurch. The new daily service, operated by Jetstar’s A320 aircraft, will provide more than 135,000 new low-cost seats annually on the route The direct connection offers travellers a new affordable and convenient way to fly between the North and South islands without needing to connect through Auckland. It will enhance competition on the route while providing new opportunities for customers to take off more for less to visit friends and family or travel for business. Jetstar’s growth Since launching its first Christchurch service in 2005, Jetstar has carried more than 17 million passengers through the airport, connecting Kiwis to destinations across New Zealand, Australia and beyond. Hamilton to Christchurch is the latest addition to Jetstar’s rapidly expanding New Zealand network, following the launch of Hamilton to Gold Coast, Hamilton to-Sydney, and Dunedin to Gold Coast services this year. With extra capacity added across five of Jetstar’s most popular domestic and trans-Tasman routes, 2025 is officially one of the airline’s biggest and busiest years in New Zealand. Sale fares As part of Jetstar’s massive Black Friday Sale, the airline is offering one-way fares between Christchurch and Hamilton from just $53 ^ at jetstar.com. Jetstar’s Head of New Zealand, Shelley Musk: “Today is a special day for Jetstar. Not only are we connecting Christchurch and Hamilton for the first time, but we’re also celebrating two decades of flying from Christchurch. “This new route is a win for both regions, giving Kiwis a new opportunity to access our great low fares and helping drive tourism and business travel between these two cities. “Christchurch has always been a key part of our network, and we’re proud to be expanding out of the Garden City as we mark this milestone.” Christchurch Airport Chief Executive Justin Watson says the milestone reflects a long-standing partnership focused on people, place, and sustainable growth. “For two decades, Jetstar has helped connect our region with the rest of Aotearoa and the world. “We’re proud of the relationship we’ve built, and the millions journeys that began or ended in Christchurch because of it. “The new Hamilton service gives travellers even more choice, supporting both business links and whānau reconnecting for the Christmas season.” Flight schedule From 1 December 2025 ^Sale ends 11.59pm NZDT Tuesday 2 December 2024, unless sold out prior. Prices based on payment by POLi, Jetstar voucher, Jetstar Gift Card, or bookings redeemed only in Qantas Points through jetstar.com. For other payment options, a Payment Fee applies. See jetstar.com/fees. One-way, excludes checked baggage. Selected travel dates and conditions apply. *The membership fee to join Club Jetstar is NZD $65. The current membership fee for renewal of an existing Club Jetstar membership is NZD $55. The fees are non-refundable. T&Cs apply.
- December 1, 2025Business
Salter Brothers joins forces with Kilara Capital to establish Australia’s leading sustainable investment fund
Salter Brothers is pleased to announce that it has partnered with Kilara Capital ( Kilara ) to establish KSB Sustainable Investments ( KSB ), a new Australian investment platform dedicated to decarbonisation outcomes. This strategic partnership combines Salter Brothers’ global expertise in alternative assets, with Kilara’s leading climate investment capabilities and strong track record delivering commercial returns alongside meaningful decarbonisation outcomes. KSB will be focusing on three core business lines, private equity, energy infrastructure and nature solutions. Kilara Capital, founded in 2018, is a platform with the objective of generating financial returns while simultaneously achieving decarbonisation outcomes for its investors, investee companies and projects. In doing so, Kilara has established itself as a leader in private equity investments that support medium-sized enterprises ( SMEs ) in their decarbonisation efforts. Bringing together Kilara’s decarbonisation strategies with the private equity investment acumen and funds management expertise of Salter Brothers, the platform provides compelling ESG investment opportunity for investors. KSB is currently in market with the KSB Transition Fund ( KTF ) — a private equity fund designed to capitalise on one of the most urgent and investable opportunities of our time, the decarbonisation of the real economy. KTF targets companies that are deeply embedded in essential value chains and equips them with the tools, capital and expertise needed to transform. KTF is now open for initial investments, with a first close expected to occur in the fourth quarter of 2025. In addition, KSB will be launching strategies in energy infrastructure, focussed on battery energy storage systems (BESS), where seed opportunities have been secured, and nature solutions focussed on carbon sequestration and related solutions. Paul Salter, Managing Director of Salter Brothers, commented “This is a pivotal evolution of our business, aligning with the growing global demand towards sustainability and positioning us at the forefront of climate-aligned investing. Partnering with Kilara and established sustainable investors will allow us to unlock significant opportunities for our investors.” Kilara’s Managing Partner, Ben Krasnostein stated, “We are at an inflection point in the market and the transition to a low-carbon economy is no longer optional. Partnering with Salter Brothers will enable us to offer investors real benefits if they are seeking sustainable investment options. Salter Brothers is well-experienced and we have the expertise, track record and the right team to deliver commercial returns and decarbonisation outcomes for our investors” Yossi Kraemer, Salter Brothers’ Co-head Capital Partnerships and Director Funds Management, added “We look forward to accessing Kilara’s expertise and dedicated climate investment platform. Many of our investors are seeking tangible and measurable decarbonisation investment outcomes, and we are excited to be able to do this.”
- December 1, 2025Sports
Supercars full throttle on Seven and 7plus Sport
The Seven Network’s live and free coverage of the Repco Supercars Championship was a hit with sport fans this year, reaching more than 8.7 million people across the season and finishing with the highest rated Grand Final since 2021. Seven’s bp Adelaide Grand Final coverage on the weekend reached 2.37 million, which was up 31% year-on-year. The race itself had an average total TV audience of 498,000, which was up 17%. While on 7plus Sport , the round’s audience grew 138% year-on-year. Across the 2025 season, the races alone had an average total TV audience of 548,600, while each weekend had an average total TV audience of 411,400, up 17% year-on-year and the biggest since 2021. Streaming on 7plus Sport was up 111% compared to the 2024 season. The Repco Bathurst 1000 delivered strong growth for Seven, with the race recording its biggest audience since 2016. More than 5.78 million people tuned in throughout the round, which was up 19% year-on-year. The Great Race itself had an average total TV audience of 1.54 million, which was up 31% on 2024. On 7plus Sport, the race delivered Supercars’ biggest streaming audience ever on the platform. The Boost Mobile Gold Coast 500 delivered the biggest year-on-year audience growth for any round this season, with the total TV audience up 39% to 327,100. The round reached 1.98 million viewers and had a 219% increase on 7plus Sport. The Sydney 500 started the 2025 season strong in February, reaching 2.26 million across the weekend, which was up 41% year-on-year. The round had an average total TV audience of 296,500, up 21%, while the race alone had a total TV audience of 327,400, up 7%. Seven’s Head of Motorsport, Angela Rampal, said: “The 2025 Supercars season delivered something special. “This year’s Bathurst 1000 was the biggest viewing audience on Seven since 2016 and the momentum has continued through the exciting new Finals format, with huge numbers watching the Gold Coast 500 and the season’s Grand Final in Adelaide. “It is exciting to see Supercars get recognition as the premier motorsport category in the country and there was no better way to have the Championship decided than in the very last race of the year, this weekend past. “Congratulations to Walkinshaw Andretti United and Chaz Mostert on his maiden Supercars title, a feat that he has finally been able to achieve after 13 years competing in the Championship. “The increase in viewer numbers this year is credit to a fantastic collaboration with the Supercars production team, and the incredibly talented commentators and reporters who work on our coverage. The stage is set for an even bigger and better 2026 and we couldn’t be more excited,” she said. In September, Seven extended its long and proud association with Supercars, with the announced of a new multi-year deal that will see the best rounds of Australia’s #1 motorsport continue to be delivered to all Australians live and free on Seven and 7plus Sport. Seven’s 2026 Repco Supercars Championship coverage starts on Saturday, 21 February, with the Sydney 500 live and free on Seven and 7plus Sport. 2025 Repco Supercars Championship on Seven: Repco Bathurst 1000: Biggest audience for the Great Race since 2016. Round national reach of 5.78 million, national audience of 701,400, up 18% year-on-year. Race national reach of 4.32 million, national audience of 1.54 million, up 31%. Biggest 7plus Supercars audience ever of 210,600, up 116%. bp Adelaide Grand Final: Highest rated Grand Final since 2021. Round national reach of 2.37 million, national audience 335,700, up 31% year-on-year. Race national reach 1.28 million, national audience 498,000, up 17% year-on-year. Sydney 500 : Round national reach of 2.26 million, national audience 296,500, up 21% year-on-year. Race national reach 1.67 million, national audience 327,400, up 7% year-on-year. Boost Mobile Gold Coast 500: Biggest year-on-year growth out of any round this season. Round national audience of 1.98 million, national audience of 327,100, up 39% year-on-year. Race national audience 1.63 million, national audience 385,000, up 29%. Streaming on 7plus Sport up 219% across the weekend. Darwin Triple Crown: Round national reach of 1.49 million, national audience of 174,500. Race national reach of 1.15 million, national audience of 178,500. NTI Townsville 500: Round national reach of 1.37 million, national audience of 168,600. Race national reach of 1.09 million, national audience of 196,300. For more information, please contact: Emma Francis Head of Communications - Sport M: 0415 721 413 E: [email protected] Kaycie Bradford Communications Director, Corporate M: 0400 002 664 E: [email protected] About the Seven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence across broadcast television, publishing and digital. The Seven Network alone reaches 17.5 million people a month. Seven West Media owns some of Australia’s most renowned media businesses and platforms, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; 7plus; 7NEWS.com.au; The West Australian ; The Sunday Times ; PerthNow; The Nightly ; and Streamer . The Seven Network is home to Australia’s most loved news, sport and entertainment programming, including 7NEWS , 7NEWS Spotlight , Sunrise , The Morning Show , The Voice , Home and Away , Australian Idol , My Kitchen Rules , Farmer Wants A Wife , The Chase Australia , Better Homes and Gardens , The 1% Club , The Front Bar and the TV WEEK Logie Awards . The Seven Network is also the broadcast partner of the AFL, Cricket Australia, Supercars, the 2026 Rugby League World Cup and the Glasgow 2026 Commonwealth Games . Source: TVMAP VOZ 5.0, TTL PPL Average audience and Reach Full season and event average YOY excluding highlights. Race only figures exclude, supports/qualifying/shoot out Data: Overnight. Pre 2022 figures are National (metro + regional broadcast only)
- December 1, 2025Games & Entertainment
Seven congratulates Bruce McAvaney
Seven West Media is proud to congratulate Bruce McAvaney OAM on receiving the World Athletics President’s Award for his lifelong support and contributions to athletics broadcasting. Presented on Sunday night in Monaco by Sebastian Coe, the World Athletics President’s Award – which was first bestowed in 2016 – is given to those who have made significant contributions to the sport and is one of the highest honours in world sport. The most recognised, respected and loved sport commentator in Australia, Bruce started his television career at 7NEWS in Adelaide in 1978 and went on to present many high-profile sports throughout his career, including AFL, horse racing, motor racing, tennis, golf and Olympic and Commonwealth Games – but none is dearer to his heart than athletics. The legendary broadcaster is synonymous with major sporting events, including the AFL Grand Final, Melbourne Cup, Australian Open tennis, Test cricket and the Summer Olympic Games, covering every Olympiad from Moscow 1980 through to Paris 2024, with the exception of the 2012 Games. Seven West Media Chairman, Kerry Stokes AC, said: “I have known Bruce for three decades and love the guy. He is synonymous with athletics and many other sports, and I am very proud of his huge contribution to Seven Sport’s success. “Bruce has a unique and very warm connection with both athletics and the public, and I congratulate him on receiving this honour. Everyone at Seven is very proud of Bruce and his achievements,” he said. Bruce said: “Athletics has been the central thread of my career at Seven and is a sport I hold incredibly close to my heart. “To be honoured in this way, and by someone I have such enormous admiration for in Sebastian Coe, is truly one of the highlights of my career. "The timing makes it feel especially meaningful. I genuinely believe Australian athletics is entering a revitalised golden era, and with the renewed focus on the sport right now, this recognition carries even greater significance for me,” he said. “I’ve been incredibly fortunate to work across many major events and sports, but nothing compares to athletics at the highest level. The opportunity to call those defining, once-in-a- lifetime moments, from Cathy’s unforgettable race at Sydney 2000, to Ollie Hoare’s brilliance in Birmingham, and everything still to come at Glasgow in 2026 – those moments are what fuel my passion and make my job as a broadcaster so special.” Australian Sport Hall of Fame Legend and five-time Olympic Medal winner, Catherine Freeman OAM, said: “Bruce McAvaney is a gift to us all. His voice, his charisma and his ability to tell athlete’s stories while taking sports fans along for the ride, is an experience for us all to behold. “Bruce continues to connect sports lovers through his passion, professionalism and his infectious love for life that has shone the whole way through his broadcasting career. “Congratulations Bruce McAvaney on your World Athletics President’s Award, a truly well- earned honour,” she said. Three-time Olympian, Tamsyn Lewis Manou, added: “Australian athletics is incredibly fortunate to have had someone like Bruce championing the sport with such passion for so long. His voice has helped keep our athletes in the public eye and turned so many of them into true household names. “When you think about the generations of athletes Bruce has covered, his recall of the sport – both here and on the world stage – is simply extraordinary. Right now, Australian athletics is in an incredible place: medal winners, rising stars and extraordinary young talent like Jess Hull, Nina Kennedy, Gout Gout and Lachie Kennedy are leading a thrilling new era. “What sets Bruce apart is the genuine excitement and love he brings to every moment. His enthusiasm is infectious, and the care and respect he shows every athlete, regardless of nation, is second to none. His reactions are always authentic, and that’s why audiences trust him so deeply. Congratulations, Bruce. This honour is so richly deserved,” she said. The World Athletics President’s Award joins a long list of honours Bruce has received over the years, including the World Athletics Veteran Pin in 2025; induction to the Australian Football Hall of Fame in 2023; induction into the TV WEEK Logie Awards Hall of Fame in 2022; Medal of the Order of Australia in 2002 for service to sports broadcasting and to the community through charitable and sporting organisations; induction into the Sport Australia Hall of Fame (also in 2002); the International Olympic Committee Media Award in 1989; the inaugural TV WEEK Logie Award for Most Outstanding Sport Broadcaster in 1999; and the Melbourne Press Club Lifetime Achievement Award in 2020. Get involved: 7NEWS.com.au 7plus Facebook Instagram TikTok X For more information, please contact: Emma Francis Head of Communications – Sport M: 0415 721 413 E: [email protected]
- November 30, 2025Technology
Tanjong Malim Emerges as Malaysia’s Next Strategic Hub for Data Centre Growth
Malaysia’s Data Centre Expansion Drives Demand for New Strategic Development Zones Malaysia’s rapid push into hyperscale and AI‑ready infrastructure continues to reshape the nation’s digital and industrial landscape. Recent government statements highlight unprecedented investment momentum, growing energy and sustainability requirements, and emerging concerns over speculative data centre capacity nationwide. These developments are now driving investors and operators to seek new locations that can support long‑term, resource‑secure, next‑generation data centre ecosystems. Within this changing landscape, Tanjong Malim—situated at the Perak-Selangor border—has begun to stand out. Only 1 hour and 15 minutes from Kuala Lumpur, the region is strengthening its position as Malaysia’s next major high‑technology corridor. Its rise is amplified by the transformation of Proton City into an integrated automotive and advanced manufacturing valley, anchored by Proton (49% owned by Geely) and the upcoming BYD manufacturing facility. The government expects up to 50,000 workers and families to relocate to the wider Tanjong Malim area as part of this long‑term expansion. National Trends Are Redefining What Makes a Data Centre Location Viable Recent briefings from the Malaysian Investment Development Authority (MIDA) confirm that the nation’s surge in hyperscale capacity is aimed at enabling AI-driven manufacturing, digital twins, predictive maintenance, and real‑time supply chain optimisation—critical components of Industry 4.0. This infrastructure is particularly important for SMEs, enabling them to access advanced digital capabilities at lower capital cost. At the same time, the government has raised concerns about existing data centres consuming less than half their declared power capacity, prompting a recalibration of energy provisioning to reduce stranded asset risks. The move signals an industry shift towards locations capable of demonstrating realistic demand, resource security, and long-term scalability—not merely speculative intent. Water resource stability has also become a strategic differentiator. The recent Johor water disruption, which temporarily affected over one million consumers, has reinforced the importance of reliable water supply for cooling-heavy data centre operations. Analysts note that operators may face rising costs if forced to increase on‑site water redundancy. The search for resource-secure, non‑speculative, forward‑compatible locations has therefore intensified. Why Tanjong Malim Is Quietly Emerging as a Prime Data Centre Frontier With these national dynamics in play, Tanjong Malim offers a combination rarely found elsewhere: abundant water sources, strong grid access, planned renewable energy integration, and rising economic gravity due to the Advanced High‑Tech Valley (AHTV) initiative. Key regional advantages include: • Proximity to Kuala Lumpur (1h15m drive), the country’s commercial epicentre • Strategic position between Perak and Selangor, giving regulatory and infrastructural flexibility • Emerging high‑technology ecosystem anchored by Proton, Geely, and BYD • Expected inflow of tens of thousands of skilled workers into the region • Multiple river systems and water catchment areas, supporting cooling needs • Growing demand for compute infrastructure from new EV, battery, and automotive R&D clusters In this context, Sungai Samak Estate—located within Tanjong Malim—has gained attention as one of the few zones capable of supporting a scalable, integrated, next generation data centre campus. Sungai Samak Estate: Five Strategic Plots Positioned for the Data Centre Revolution Five contiguous land plots within Sungai Samak Estate are now being highlighted by industry observers and investors assessing future-ready digital infrastructure locations. Full details are available at https://sgsamak.com , with enquiries directed to https://sgsamak.com/contact-us . These plots offer several characteristics that meet the industry’s emerging requirements: • Large-scale contiguity suitable for hyperscale or multi-building campuses • Abundant water access from surrounding rivers and natural catchment areas • Potential for onsite renewable energy generation, supporting upcoming carbon reporting obligations • Proximity to major transport corridors, including the North-South Expressway • Strong alignment with government policy direction regarding sustainable data centre development • Close access to the AHTV workforce, including EV manufacturing, engineering talent, and R&D specialists These attributes position Sungai Samak Estate as a compelling candidate for operators seeking to build Malaysia’s next-generation data centre infrastructure—particularly as national guidelines evolve to address carbon intensity, demand realism, and resource security. Sustainability Pressures Are Accelerating the Shift Toward Renewable‑Capable Data Centre Sites Malaysia’s commitment to net zero by 2050, along with the National Energy Transition Roadmap (NETR), means future data centre approvals will increasingly prioritise renewable integration, efficient cooling solutions, and transparent carbon reporting. By 2026, the introduction of carbon pricing for specific sectors will indirectly influence how data centres design, power, and cool their facilities. Locations that can support renewable energy, implement low‑carbon operations, and avoid resource vulnerability will become disproportionately valuable. The Sungai Samak plots, with the potential for onsite solar and access to substantial water reserves, align with these emerging regulatory imperatives—providing strategic insulation from the risks now surfacing in oversaturated hubs. The Rise of Tanjong Malim and the Future of Malaysia’s Digital Backbone As Malaysia positions itself as Southeast Asia’s rising data centre destination, industry momentum is shifting toward locations that combine scalability, stability, and sustainability. Tanjong Malim’s transformation into an advanced high‑technology valley—fuelled by automotive innovation and supported by national policy—is accelerating this shift. With its strategic location, integrated infrastructure potential, and strong alignment with the next phase of Malaysia’s digital development, Sungai Samak Estate stands poised to play a central role in the nation’s data centre revolution. Further information and inquiries on the five land plots are available at: https://sgsamak.com https://sgsamak.com/contact-us
- November 28, 2025Business
IJM releases financial results for period ended 30 September 2025
Key highlights: 1H FY2026 Group revenue grew 16.7% y-on-y to RM3.41 billion, driven by Construction and Industry divisions Construction revenue increased 54.1%, reflecting positive momentum from civil, industrial and data centre projects; outstanding order book stands at a record RM14.4 billion Property unbilled sales steady at RM1.59 billion Strong cash reserves and net gearing ratio of 0.40 times provide resilience and capacity to undertake large-scale projects Interim dividend of 2 sen maintained IJM Corporation Berhad (“IJM” or “The Group”) today released its financial results for the first half ended 30 September 2025 (1H FY2026). Group Financial Performance Group revenue for 1H FY2026 increased 16.7% to RM3,407.6 million, mainly from higher contributions from the Construction and Industry divisions. Group profit after tax and minority interest saw a modest increase of 0.2% to RM161.4 million, compared with RM161.1 million in the corresponding period last year, reflecting the stronger performance by the Construction and Industry divisions but lower contributions from the Property Development and Port divisions, as well as unrealised foreign exchange losses during the period. For the period, the Group’s Construction Division recorded revenue of RM1,793.9 million, a 54.1% increase, supported by higher construction activities across ongoing civil engineering and industrial and data centre projects. The improved revenue and a higher share of profit from joint ventures led to an increase in pre-tax profits by 37.4% to RM71.9 million. Property Division reported a decrease in revenue and PBT in the period to RM570.1 million and RM34.3 million respectively, due to lower sales and profit contribution from associates and joint ventures. In 1H FY2026, Industry Division saw an increase in revenue of 16.2% to RM621.7 million, on the back of higher deliveries of piles and ready-mixed concrete. Correspondingly, pre-tax profit improved 16.3% to RM106.8 million. IJM’s Toll Division reported a 6.7% decrease in revenue in 1H FY2026 as a result of the expiry of an overseas toll concession in July 2024. However, profit before tax increased by 127.0% to RM30.6 million arising from higher contributions from local tollways and the Group’s Argentinian associate in the period. The Group’s Port Division recorded a 17.4% decrease in revenue to RM197.8 million in 1H FY2026 mainly due to lower cargo throughput arising from a key customer undertaking major maintenance. As a result, Port pre-tax profits for 1H FY2026 decreased to RM46.2 million. IJM continues to have ample liquidity and a healthy net gearing ratio of 0.40 times, providing the Group with sufficient capacity to undertake complex, large-scale projects. Prospects for the Near Term On the Group’s prospects, Dato’ Lee Chun Fai, Group CEO & Managing Director of IJM, said: “Post the reported period, the Group secured a data-centre contract worth RM2.1 billion, marking its largest data-centre project to-date. This milestone reinforces market confidence in our delivery capability and execution strength. With our established credentials and growing track record with leading hyperscale operators, IJM is well-positioned to capture further opportunities from the robust data centre infrastructure developments in Malaysia.” The Group’s Construction outstanding order book stands at a record high RM14.4 billion, including RM5.3 billion in two newly secured large-scale data centre developments in Pulai, Johor, and Elmina Business Park, Selangor, as well as the New Pantai Expressway Extension (NPE2). The Property Division remains steadfast in sustaining its business through product differentiation to align with evolving buyer expectations and affordability thresholds. The division is expected to maintain a satisfactory performance in the current financial year on the back of its unbilled sales of RM1.59 billion. The Industry Division is expected to maintain its strong performance given its healthy order book position by leveraging on the continued roll-out of new data centres and large-scale infrastructure jobs. Toll operations will contribute recurrent cashflows from its existing mature concessions, while NPE 2 is expected to support the division’s long-term earnings profile. The Port Division anticipates a softer outlook this year amid global trade uncertainties and subdued steel demand, which spurred a key customer to undertake major maintenance of its plant during the financial year. Following the results, IJM declared a single-tier interim dividend of 2.0 sen per share. – end – About IJM Corporation Berhad IJM Corporation Berhad (“IJM”), formed in 1983, today ranks as one of Malaysia’s leading conglomerates with an international footprint forged by its four core businesses: construction, property development, industry (quarrying and the manufacture of building materials) and infrastructure concessions. IJM holds leading positions across all its business divisions. Its growth is the direct result of strong leadership, dedicated employees, financial prudence and commitment to good governance and quality. The Group presently has a market capitalisation of around RM9.01 billion and as of September 2025, the Group employed around 3,500 employees and had total assets of RM22.1 billion. For more information, visit www.ijm.com For media enquiries, please contact: Ms. Mandy Chen, Corporate Communications, at [email protected] or + 60 12 607 6121 Mr. Shane Guha Thakurta, Investor Relations, at [email protected] or + 60 3 7985 8041
- November 28, 2025Business
Axiata reports RM403 million YTD profit, further strengthens balance sheet
The Group delivered RM403.3 million in YTD profit, driven by strong operational performance and continued execution of strategy. Underlying PATAMI rose 19.7% YoY to RM378.0 million, supported by higher EBIT and lower net finance costs. Net debt/EBITDA strengthened to 2.6x following RM1.9 billion in debt repayments. Operating free cash flow after leases increased to RM1.5 billion, reflecting strong cash discipline. Monetisation of infrastructure assets progressing as planned. The Group received RM1.2 billion in YTD dividends from all operating companies. Key Highlights for 3Q251: Effective execution of Axiata's 5*5 Strategy Synergies delivery in CelcomDigi CelcomDigi sustains revenue growth with steady integration progress. CelcomDigi continued to deliver steady progress in revenue growth and improved cost management despite higher charges related to traffic growth, recording YoY revenue growth of 1.1% driven by prepaid and enterprise segments. It remains on track to achieve steady-state savings of RM700 to RM800 million from 2028. The company announced an interim dividend of 3.6 sen per share for 3Q25. Structural Transformation in Indonesia Integration progress at XLSMART is on plan and on track to deliver USD150-200 million in synergies in 2025. The company posted strong revenue growth of 20.5% YoY and 9.2% QoQ, supported by higher ARPU and expanded subscriber base following the merger, above XL's standalone scale in 2024. Building Business Resilience in Frontier Markets Robi's cost efficiencies sustain profit. Persistent macroeconomic challenges in Bangladesh impacted revenue, which led to a 2.5% YoY decline. However, robust cost efficiency measures sustained EBITDA, while EBIT improved from reduced D&A. YTD PATAMI surged 55.2% to BDT6.3 billion, supported by lower finance costs from USD loan repayments and reduced forex losses. Dialog's performance lifted by higher ARPU and merger synergies . YTD revenue grew 6.2%, supported by an increase in the mobile segment, comprising 19% organic growth from yield correction measures and an additional 16% from the Airtel consolidation, despite scaling down its hubbing business. EBITDA rose 40.0%, underpinned by revenue growth, disciplined cost management and synergy capture, resulting in over 100% YoY growth in both EBIT and PATAMI. Smart's prepaid and enterprise segments drove bottom line improvement. Growth in prepaid ARPU and subscribers, combined with strong enterprise performance resulted in a 6.8% YoY increase in EBITDA. This was further supported by optimised sales and marketing spending and strategic savings from the backbone project. Creating value realisation opportunities through infrastructure assets EDOTCO delivered record EBITDA margin of 73.4%, supported by strong order book. YTD revenue declined 8.3%, mainly due to forex impact from a strengthened ringgit and a one-off adjustment in 1H24. EBIT rebounded, supported by lower depreciation from extended tower life. PATAMI (excluding Myanmar disposal loss) improved on the back of lower finance costs following proactive steps to pare down debt. Steady progress in FibreCo performance. YTD results continue to mirror Linknet's transition toward a wholesale fibre model. On a QoQ basis, revenue grew 6.8%, mainly due to revenue adjustment in broadcasting services. However, EBITDA declined by 0.7% and EBIT fell 3.5%, mainly due to higher provision for impairment on receivables. The Group recorded a RM167 million impairment on Linknet goodwill due to intensifying competition in the fixed broadband market and lower subscriber uptake from XLSMART, its largest customer. Illuminating the value of digital businesses Boost’s lending growth drives revenue momentum. YTD revenue surged by 49.1%, fuelled by strong growth in the lending business through Boost Bank and consumer offerings. While EBITDA declined due to bank startup costs, lower non-bank costs helped cushion the impact, keeping PATAMI stable. Revenue continued to grow QoQ, supported by Boost Bank's strong performance with an expanding loan book. ADA's profitability was strengthened by next revenue margins and cost optimisation. YTD revenue dipped 1.2% YoY, but net revenue grew 9.1%, driven by margin improvements primarily in eCommerce solutions. EBITDA and EBIT strengthened, supported by lower manpower costs. PATAMI surged 63.9%, reflecting higher EBIT and further aided by reduced foreign exchange losses compared to the prior year, as the Ringgit appreciated against the US dollar at a milder pace. Axiata Group Berhad (“Axiata” or “the Group”) today announced resilient financial performance for the third quarter ended 30 September 2025 (“3Q25”), recording RM403 million in year-to-date (“YTD”) profit and reinforcing its commitment to sustainable growth through disciplined execution of its Axiata 5*5 Strategy . The Group strengthened its financial position by disciplined debt reduction and improved cashflows. During the quarter, the Group reduced Holding Company (“HoldCo”) debt by 8.9% quarter-on-quarter (QoQ) to RM7.2 billion via proactive liability management with the partial redemption of Euro Medium Term Notes ("EMTN"). Further actions by EDOTCO, Dialog, and Robi reinforced Axiata’s balance sheet. EDOTCO supported deleveraging with RM611 million in debt repayment, while Dialog and Robi reduced USD exposure in 3Q25. Improved cash generation across operating companies further enhanced liquidity. Operating free cash flow after lease payments totalled RM1.5 billion, underscoring the Group's strong cash discipline. These actions collectively lowered net debt/Earnings Before Interest, Tax, Depreciation and Amortisation ("EBITDA") to 2.6x, positioning Axiata firmly on track to achieve its 2.5x target by end-2026 and reinforcing its balance sheet resilience. The Group’s third-quarter performance was driven by the following operational highlights: Synergy Realisation from Jointly Controlled Entities: XLSMART's subscriber base surged 40% post-merger, with network integration and modernisation progressing as planned and on track to deliver USD150-200 million merger synergies this year. CelcomDigi sustained revenue growth and profitability, delivering nearly RM1.8 billion in net synergies to date. Strong Profit and Cashflow Growth delivered by Frontier Markets: Dialog, Robi, and Smart delivered strong profitability, supported by positive organic trends and resilient balance sheets across key markets. Despite macroeconomic pressures in Bangladesh, Robi sustained EBITDA and Earnings Before Interest and Tax ("EBIT") through disciplined cost efficiency and debt reduction. Dialog's performance rebounded strongly, driven by average revenue per user ("ARPU") enhancements and Airtel merger synergies. Mobile revenue growth and disciplined cost management drove strong profit growth of over 100%. Smart posted continued growth in prepaid ARPU and subscribers alongside a strong enterprise segment. Strategic cost savings further supported its bottom-line improvement. Value Illumination of Infrastructure Business: EDOTCO delivered a strong performance with a record EBITDA margin of 73.4%, despite revenue headwinds impacted by forex translation and a one-off in 1H24. Strong growth in the Philippines and Pakistan underscored market momentum. Driving Performance in Digital Businesses: ADA achieved RM34.9 million Profit After Tax and Minority Interest ("PATAMI") YTD, marking its sixth consecutive year of profitability. Boost continued to scale its lending business though Boost Bank, expanding its loan book, narrowing non-bank losses, and remaining on track to achieve EBITDA break-even by end-2025. Disciplined balance sheet optimisation. During the quarter, Dialog and Robi reduced net debt/EBITDA to 0.9x, reflecting robust deleveraging in frontier markets. EDOTCO repaid RM611.4 million in debt, supported by proceeds from asset monetisation and internal funds. At HoldCo level, partial redemption of EMTN notes reduced debt to RM7.2 billion. Axiata received robust shareholder returns with RM1.2 billion in YTD dividends upstreamed from its operating companies. The Group’s jointly controlled entities CelcomDigi and XLSMART contributed RM606 million, while frontier market operators Dialog, Robi, and Smart collectively delivered RM548 million, supported by strong cashflow growth. The fixed broadband business in Indonesia’s remains challenging, reflected in Linknet’s underperformance and the resulting RM167 million goodwill impairment in Q325 . Axiata’s 3Q25 results demonstrates performance broadly in line with its headline KPIs. The Group continues to anchor its performance on five strategic pillars outlined in its Axiata 5*5 Strategy, driving resilience and value creation across markets. Appendix: Operating Company Performance Summary Performance insights for each operating company are provided below. Digital Telcos2 CelcomDigi sustains revenue growth with steady integration progress. CelcomDigi continued to deliver solid performance in the third quarter, recording YoY revenue growth primarily due to trends in the prepaid and enterprise segments. Profitability improved in line with operational efficiencies, and it remains on track to achieve steady-state savings of RM700 to RM800 million from 2028. The company announced an interim dividend of 3.6 sen per share for Q3 2025. XLSMART on track to deliver synergies in 2025. The company posted robust revenue growth both of 20.5% YoY and 9.2% QoQ driven by higher ARPU and an expanded subscriber base following the merger, compared to XL as a standalone in 2024. While EBITDA and PATAMI, which dipped, reflect planned integration investments, these are positioning XLSMART for sustained profitability and long-term efficiency gains. XLSMART is on course to deliver USD150 to 200 million in synergies in 2025. Robi outperforms market despite revenue pressure. Macroeconomic challenges in Bangladesh weighed on performance, with YTD revenue down 2.5%. Cost efficiency measures, sustained EBITDA, while EBIT benefited from lower depreciation and amortisation. YTD PATAMI surged 55.2% to BDT6.3 billion, supported by lower finance costs from USD loan repayments and reduced forex losses. Dialog’s mobile-led growth and merger integration synergies drive strong performance. YTD revenue grew 6.2%, driven by a robust 32% YoY increase in the Mobile segment comprising 19% organic growth from yield correction measures and an additional 16% from the Airtel consolidation. This is despite scaling down the hubbing business. EBITDA rose 40.0%, underpinned by disciplined cost management, translating into an over 100% YoY growth in both EBIT and PATAMI. Smart: Prepaid and Enterprise Growth with Cost Efficiencies Support Profit After Tax Growth. YTD revenue increased 3.8% YoY, supported by continued growth in the Prepaid segment through higher ARPU and revenue generating businesses, alongside strong enterprise performance. EBITDA improved 6.8%, supported by strategic savings from the backbone project and optimised sales and marketing spending. QoQ, revenue grew 1.5% while EBITDA declined by 8.0%. Infrastructure3 Linknet underperforms due to ServeCo carve-out and higher churn. On a QoQ basis, revenue grew 6.8%, mainly due to revenue adjustment in broadcasting services. However, EBITDA dipped 0.7% and EBIT fell 3.5%, mainly due to higher provision for impairment on receivables. Overall, PATAMI was flat at 0.2%. EDOTCO shows resilience and EBIT recovery despite market challenges. Revenue declined by 8.3% while YTD EBIT rebounded by 16.9%, supported by lower depreciation from the extended useful life of towers. YTD PATAMI (excluding EDOTCO Myanmar disposal loss) improved by 7.1% on the back of lower finance costs. Digital Businesses Boost: Bank reports strong revenue growth. Boost delivered YTD revenue growth of 49.1%, driven by the expansion of its lending business through Boost Bank and consumer offerings. While EBITDA declined by 9.0%, lower non-bank costs cushioned the impact, keeping PATAMI stable with a slight 0.4% dip. Revenue continued to grow by 6.1% QoQ, supported by Boost Bank’s strong performance and with an expanding loan book. QoQ, EBITDA and EBIT improved by 41.7% and 31.9% respectively, supported by lower manpower costs. ADA profitability boosted by improved net revenue margins and cost optimisation . YTD revenue declined 1.2% YoY, while net revenue grew on the back of margin improvements primarily in eCommerce Solutions. EBITDA and EBIT strengthened by 35.5% and 52.8% respectively, supported by lower manpower costs. PATAMI surged 63.9%, driven by higher EBIT and further aided by reduced foreign exchange losses compared to the prior year, as the ringgit appreciated against the US dollar at a milder pace. 1 Discussion of 3Q25 performance is based on Combined Operations for the Group 2 Growth numbers for OpCos are based on results in local currency in respective operating markets. 3 Growth numbers for infrastructure assets are based on results in local currency in respective operating markets
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