S&P Global Ratings affirms BBB for TPG Telecom stock

Published on 10/17/2026 at 20:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 net income rose 9.40 percent to AUD 35.0 million. TPG Telecom stock last stood at EUR 2.31 on October 16, 2026; ASX shares fell 1.06 percent.

Credit outlook and valuation

S&P Global Ratings revised TPG Telecom's outlook to stable and affirmed its BBB rating on October 12, 2026.
First-half 2026 net income rose 9.40 percent to AUD 35.0 million.
TPG Telecom stock last stood at EUR 2.31 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST, while ASX shares fell 1.06 percent versus the prior close of October 15, 2026.
TPG Telecom had a P/E ratio of 155.00 and a market capitalization of AUD 7.3 billion as of October 16, 2026.

TPG Telecom, AU0000090128, Illustration mit AI erstellt.

S&P Global Ratings revised TPG Telecom's outlook to stable from negative and affirmed its BBB long-term credit rating on October 12, 2026, as S&P Global Ratings reported. The action gives investors a dated credit-market reference while the stock remains an ASX-listed Australian telecommunications company. TPG Telecom's last quoted euro price was EUR 2.31 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST; ASX shares were down 1.06 percent versus the October 15 close of AUD 3.76.

Half-year earnings improved

TPG Telecom's first-half 2026 net income rose 9.40 percent to AUD 35.0 million, while revenue reached AUD 2.43 billion and remained flat from the first half of 2025, according to Simply Wall St on October 15, 2026. Earnings per share increased to AUD 0.018 from AUD 0.017 in the year-ago period. The result provides a second operating reference beside the improved credit outlook.

Stock position and trading range

On the ASX, TPG Telecom closed at AUD 3.72 on October 16, 2026, down AUD 0.04 from the prior close. The 52-week range was AUD 3.47 to AUD 5.85, placing the close AUD 0.25 above the low and AUD 2.13 below the high. Trading volume was 2,209,211 shares against an average of 3,085,866 shares.

Valuation and financial dates

TPG Telecom had a market capitalization of AUD 7.3 billion, a P/E ratio of 155.00 and a dividend yield of 0.48 percent as of October 16, 2026. TPG Telecom lists December 31, 2026 as the end of its financial year. S&P Global Ratings expects adjusted debt to EBITDA of about 2.80 times in fiscal 2026 and closer to 2.50 times from fiscal 2027.

Comparison with peers

TPG Telecom (ASX, AUD): minus 1.06 percent, P/E 155.00, market capitalization AUD 7.3 billion

Telstra Group (ASX, AUD): minus 1.04 percent, P/E 23.86, market capitalization AUD 52.6 billion

CAR Group (ASX, AUD): plus 3.57 percent, P/E 28.67, market capitalization AUD 9.0 billion

Credit metrics remain central

The rating report identifies leverage as the key counterweight to TPG Telecom's mobile growth. S&P Global Ratings expects adjusted debt to EBITDA to remain about 2.80 times in fiscal 2026 before easing toward 2.50 times in fiscal 2027, while spectrum payments are expected to reach AUD 2.10 billion from fiscal 2028 through fiscal 2032.

TPG Telecom's last quoted euro price was EUR 2.31 at Lang & Schwarz on October 16, 2026 at 11:00 p.m. CEST; ASX shares were down 1.06 percent versus the October 15 close of AUD 3.76. The further course of trading is shown by the continuously updated real-time quote of TPG Telecom stock.