AIS, True report healthy profits based on 5G growth

PUBLISHED : 9 May 2026 at 05:40

NEWSPAPER SECTION: Business

WRITER: Komsan Tortermvasana

- Small

- Medium

- Large

Advanced Info Service (AIS) and True Corporation posted strong net profits in the first quarter this year.

AIS reported total revenue of 58.2 billion baht, up 3.4% year-on-year, in the first quarter, with net profit of 13.5 billion baht, a gain of 28%.

The company said its performance was driven by a focus on product quality and delivering digital experiences that meet the needs of all customer segments, amid challenges from uncertain economic conditions both domestically and internationally.

AIS continues to leverage innovation and artificial intelligence to enhance the customer experience and drive industry transformation.

The company is expanding its long-term growth through new businesses, including retail, content platforms for entertainment and sports, and digital financial services, while maintaining effective cost management.

AIS's mobile phone service growth was driven by a high-quality customer base on a nationwide intelligent 5G network. The total subscriber base reached 46.9 million, increasing by 170,200 from the fourth quarter of 2025. The number of 5G users rose to 18.5 million, an increase of 643,100 from the fourth quarter.

AIS allocated capital expenditure of 30-35 billion baht for investment this year.

True Corp posted a fifth consecutive quarter of profitability, with net profit after tax of 6.6 billion baht, a gain of 303% year-on-year. The profit was driven by sustained subscriber momentum, improving customer experience following network modernisation, and disciplined cost management.

The board of directors approved an interim dividend based on the first three months of 2026 of 4.8 billion baht, representing a payout ratio of 73%.

During the first quarter, mobile subscribers increased by 614,000 quarter-on-quarter, and 5G subscribers reached 18.4 million.

Sigve Brekke, group chief executive of True Corp, said the group's first-quarter performance was strong across its businesses.

"Our continued network modernisation, business and organisational transformation is a clear differentiator, as it enables improvements in customer experience, operational efficiency, and long-term competitive value for our key stakeholders," he said.

Subscribe to our newsletters for daily updates, breaking news and exclusive content.

- KEYWORDS

- Ais

- True corp

- Thailand telecommunications

- 5g network growth

- Mobile subscriber base

- Digital transformation

- Quarterly financial results