TPG Telecom has posted strong full year FY2021 financials for its first post-merger result, thanks to an increase in market share for fixed-line NBN and strong enterprise sales.
In the 12 months ended 31 December 2020, TPG reported net profit after tax of $734 million, revenue of $4.35 billion and EBITDA of $1.39 billion.
All metrics represented sizable increases from the previous year as the FY2019 full year results only accounted for Vodafone’s full year financials and just six months of TPG’s financials at the time.
Contributing to the revenue included a 6 percent increase in its fixed broadband customer base with 117,000 new subscribers during the period, as well as selling the most NBN Enterprise Ethernet in Australia.