Singapore · Delayed Price · Currency is SGD StarHub Earnings Call Transcripts
Fiscal Year 2026
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Revenue fell 7% year-over-year to SGD 744 million in H1 2026, with EBITDA at SGD 159 million and underlying NPAT at SGD 12.4 million, reflecting intense competition and ARPU pressure. A one-off gain from the Ensign divestiture boosted reported profit, while strong liquidity and cost savings support ongoing investments.
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Revenue and EBITDA declined year-on-year due to intense price competition and ARPU pressure, but strong enterprise order book growth and a major Ensign divestiture have fortified the balance sheet. The company maintains leading positions in mobile and broadband, with positive free cash flow and disciplined investment continuing.
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 and net profit grew year-on-year, supported by strong enterprise and broadband performance, while transformation initiatives neared completion. Guidance for 2025 focuses on stable EBITDA, continued cost optimization, and maintaining a robust dividend policy.
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Service revenue was flat year-to-date due to cybersecurity revenue timing, but full-year guidance and dividend commitments remain unchanged. EBITDA and net profit grew year-on-year, supported by strong free cash flow, low leverage, and robust Broadband and Enterprise segment performance.
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Service revenue rose 2.4% year-on-year, led by enterprise growth and managed services, while net profit climbed 8.7%. Broadband ARPU increased with ultra-speed plans, and strong free cash flow supported dividends and future investments. DARE+ transformation and legacy system retirements are set to drive further efficiencies.