Chunghwa Telecom Q1 Earnings Call Highlights

Chunghwa Telecom (NYSE:CHT) reported a grounds first-quarter gross show for 2026 and said each cardinal fiscal metrics exceeded its quarterly guidance, arsenic maturation successful ICT services, mobile, fixed broadband and handset income supported results.

President Rong-Shy Lin said the company’s first-quarter gross reached its highest level for immoderate archetypal 4th since 2012, driven chiefly by “outstanding ICT gross growth,” alongside continued spot successful mobile and fixed-line operations. Chunghwa besides announced that its 2025 currency dividend per stock is acceptable astatine TWD 5.2, representing a payout ratio of 104.2%.

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“This represents a precise affirmative commencement to the year,” Lin said, adding that the institution plans to further deploy resources toward “pre-6G and AI-related opportunity” successful 2026.

Revenue Rises 7.5% arsenic Earnings Top Guidance

Chief Financial Officer Audrey Hsu said consolidated gross for the archetypal 4th was TWD 59.99 billion, up 7.5% twelvemonth implicit year. She attributed the summation to 3 main factors: beardown ICT momentum, higher income gross driven by handset request and contributions from subsidiaries including Chunghwa Precision Test Tech, and unchangeable show successful halfway telecom services specified arsenic mobile, broadband and data.

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Income from operations roseate 4.6% from a twelvemonth earlier, supported by the profitability of halfway telecom operations, subsidiary contributions, higher-value integrated projects, and scaling successful IDC and unreality operations. Earnings per stock accrued to TWD 1.30 from TWD 1.26, which Hsu described arsenic the company’s highest first-quarter EPS successful the past 10 years. EBITDA was TWD 23.3 billion, with an EBITDA borderline of 38.85%.

Hsu said each cardinal profitability metrics, including operating income, nett income, EPS and EBITDA, came successful up of expectations. She besides said gross maturation outpaced the summation successful operating expenses, reflecting “improved operating ratio and disciplined outgo management.”

Mobile and Broadband Businesses Continue to Grow

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Lin said Chunghwa maintained its enactment successful Taiwan’s mobile market. According to regulator information cited by the company, mobile gross marketplace stock roseate to 41.1%, which Lin called a historical high, portion subscriber stock accrued to 39.7%. The gains were driven by maturation successful postpaid subscribers and beardown roaming performance.

Chunghwa’s 5G subscriber marketplace stock reached 39.4%, and 5G penetration among smartphone users accrued to astir 48% by March. The mean monthly interest uplift from 5G migration was 36%, which Lin said was somewhat little owed to a one-time factor. Mobile work gross accrued 4.4% twelvemonth implicit year, portion postpaid ARPU roseate 3.6%, oregon TWD 20.