Latest / Best of Business / Mark Callander: 2degrees CEO on the company's net loss of $18.2 million for 2025

Transcript

Mark Callander: 2degrees CEO on the company's net loss of $18.2 million for 2025 · Best of Business

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  Speaker 2: Two degrees has booked a net loss of eighteen point
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  Speaker 2: two million bucks for the twenty five financial years, significantly
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  Speaker 2: worse than last year's three point one mostly down to
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  Speaker 2: one off costs though and operating earnings, mobile broadband and
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  Speaker 2: energy revenues all up. Mark Calendar, two degrees Tief executive
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  Speaker 2: with me tonight.
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  Speaker 3: Hey Mark, Hi, Ron, Thanks having me.
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  Speaker 2: So I made a net loss, yes, but fair to
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  Speaker 2: say you're not too worried about that.
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  Speaker 3: No, not at all. The businesses operating two plan if
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  Speaker 3: not ahead of it.
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  Speaker 4: Again, a lot of the losses that reported were non
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  Speaker 4: cash related, so it's about forty five million and non
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  Speaker 4: cash related if you actually look at the net cash
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  Speaker 4: from operating.
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  Speaker 3: And our trading. But we've got very significant games year.
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  Speaker 2: On you, mobile broadband, energy revenues all up. You've managed
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  Speaker 2: to do that m part by growing big clients, corporate clients,
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  Speaker 2: government clients.
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  Speaker 3: Yeah. Absolutely, we have got growth across the board.
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  Speaker 4: Our total revenue is up about three point nine percent,
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  Speaker 4: but as you've mentioned, we've got very strong growth across
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  Speaker 4: our mobile portfolio. That is across all segments, but in particular,
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  Speaker 4: we are having increased success in those larger enterprise and
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  Speaker 4: government accounts. Again as our businesses continue to focus on
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  Speaker 4: that end of the market.
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  Speaker 2: How much money you know, how much business are you
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  Speaker 2: taking off your competitors.
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  Speaker 4: It's still pretty tough out there, Ryan, So you know
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  Speaker 4: it is a very tough economic environment, and you can
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  Speaker 4: see that our growth against the headwinds are in the market.
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  Speaker 4: We are winning more than our fair share when it
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  Speaker 4: comes to some of those ones.
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  Speaker 2: How much do you think it's going to pick up
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  Speaker 2: in the second half.
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  Speaker 3: Yeah, we're always optimistic.
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  Speaker 4: I was actually hoping to see some green shoots this
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  Speaker 4: side of Christmas, but you know, we're hopeful that we'll
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  Speaker 4: start seeing some good stuff happened early next year. Again,
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  Speaker 4: we're incredibly well positioned, and I think remaining positive is
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  Speaker 4: really critical at this point.
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  Speaker 2: Is your short term strategy then to go after to
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  Speaker 2: try and increase that market share even though the tide
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  Speaker 2: is lifting all boats? Or are you waiting for that
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  Speaker 2: tied now that you've maybe maxed out your markets here
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  Speaker 2: you think you can get in the short term.
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  Speaker 4: No, we absolutely plan to grow more in the next
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  Speaker 4: three years than we have in the previous three years.
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  Speaker 4: We've set a company ambition to be the number one
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  Speaker 4: player by value, innovation and growth. So for us as
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  Speaker 4: a challenge of brand standing for value and fairness in
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  Speaker 4: the market, we see more upside in the coming period.
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  Speaker 4: So it's what will be chasing, It's what our customers
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  Speaker 4: expect from us, and that's what it's about being a challenging.
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  Speaker 2: Some suggestion in the I don't know if you saw
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  Speaker 2: Chris Keell's piece in the Herald today that the way
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  Speaker 2: you've got these contracts might be because you are undercutting
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  Speaker 2: on price.
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  Speaker 4: Again, I hear that a little bit, you know, I
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  Speaker 4: think charging customers fear prices is a pretty good criticism
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  Speaker 4: to have. We're absolutely out there just delivering value outside
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  Speaker 4: of price. We have amazing technology and software platforms for us.
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  Speaker 4: It's how we put productivity tools into our customers hands
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  Speaker 4: and we.
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  Speaker 3: Do that at for your prices. So it's a pretty
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  Speaker 3: good combination.
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  Speaker 2: Hey, I know we've spoken about this before, but the
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  Speaker 2: energy arm of your business and the Gen Taylor's situation,
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  Speaker 2: have you had any indication what's going to go with
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  Speaker 2: We've got this report coming out we're expecting some response
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  Speaker 2: inside the next what five six days from the government.
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  Speaker 4: So now I'm waiting with baited breath Like everyone else,
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  Speaker 4: I remain fear of a hopeful. The sort of messaging
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  Speaker 4: we're hearing is that bold changes required and bold changes coming.
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  Speaker 4: So we're really look forward to seeing what shape that
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  Speaker 4: comes in. And again we're focused on making sure we've
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  Speaker 4: got the right incentives of generation and we have a
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  Speaker 4: competitive platform which lives lower pricing to consumers. You would
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  Speaker 4: have seen the mood of the boardroom again that came
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  Speaker 4: out today and energy prices was top of mind for
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  Speaker 4: many CEOs out there at the moment, So.
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  Speaker 3: It is real.
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  Speaker 4: We need to address it, and we've got to worry
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  Speaker 4: about the best settings for a twenty thirty forty year timeframe.
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  Speaker 2: One of this question often comes up with two degrees mark,
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  Speaker 2: Why aren't you listed on the stock exchange? You've obviously
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  Speaker 2: got private owners. Is that something that is being looked at,
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  Speaker 2: or that might be looked at, or that has been
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  Speaker 2: I know it's been considered in the past, but is
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  Speaker 2: it currently on the table.
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  Speaker 3: No, not at all.
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  Speaker 4: Again, we've just had a new three year strategy reset done.
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  Speaker 4: As I've mentioned we have a growth mandate. We've got
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  Speaker 4: very very supportive shareholders. You know, our job's not done
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  Speaker 4: on this market. We've still got to keep fighting. We
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  Speaker 4: still think we can deliver better value to consumers, and
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  Speaker 4: we've got to keep growing this business. I think today's
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  Speaker 4: results were a really good foundation for what lies ahead.
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  Speaker 4: But you know, we are just at the beginning of
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  Speaker 4: really turning around this business.
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  Speaker 2: Mark appreciate your time. Thanks for coming on the show.
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  Speaker 2: Mark Calender, Chief Executive two degrees.
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