Back 09 May 2025

StarHub Ltd Navigates 1Q2025: Profit and Revenue Dip, But Enterprise Strength and Subscriber Growth Signal Focus

Link: https://links.sgx.com/1.0.0/corporate-announcements/E3NFQXFEMCYYUVCT/70f96e39fefaa82a83e54aefaa95119dfca183b4a6bc7411ebe2a20cbce2480e

Summary:

  • StarHub Ltd reported a 0.7% decrease in Service Revenue to $464.0 million for the first quarter of 2025.
  • Net Profit After Tax (NPAT) attributable to shareholders fell by 18.4% to $31.8 million, while EBITDA decreased by 5.2% to $100.2 million.
  • Despite the overall financial decline, the Regional Enterprise segment demonstrated a 10% year-on-year revenue increase, and the Broadband segment's revenue grew by 5%.
  • In the Mobile segment, revenues declined, but the subscriber base expanded significantly by 10.4%.
  • StarHub's strategic priorities for 2025 include defending and growing its consumer market share and scaling its Regional Enterprise business.