StarHub Earnings Call Transcripts
Fiscal Year 2025
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Service revenue and net profit declined year-over-year amid intense competition and sector consolidation, but strong enterprise growth and disciplined cost optimization are positioning for recovery. Increased investments in cybersecurity and digital infrastructure are expected to drive long-term value, with dividends and financial resilience reaffirmed.
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Revenue and EBITDA declined year-over-year amid intense competition and sector consolidation, but strong free cash flow and disciplined cost management support ongoing investments, dividend commitments, and a robust M&A pipeline. Market stabilization is expected by late 2026.
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Service revenue grew 3% year-on-year, led by strong enterprise and cybersecurity gains, but EBITDA fell 9% due to mobile revenue erosion and higher transformation costs. The company remains aggressive in market competition, is executing a multi-year cost optimization, and expects positive free cash flow in FY2026.
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Q1 2025 saw marginally lower revenue and net income, with strong broadband and enterprise growth offsetting declines in mobile and entertainment. Transformation and cost efficiency initiatives are on track, with positive free cash flow and guidance reiterated for the year.
Fiscal Year 2024
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Service revenue was flat year-to-date due to cybersecurity revenue timing, but full-year growth is expected. EBITDA and net profit rose year-on-year, with strong free cash flow and low leverage supporting dividends and growth. DARE+ transformation benefits are expected from 2025.