APT Satellite (1045) investor relations material

Executive summary

• Revenue for the first half of 2026 was HK$357.1 million, down 5.95% year-over-year, mainly due to lower satellite transponder capacity income.

• Profit attributable to equity shareholders decreased by 9.6% to HK$70 million compared to HK$77 million in the prior year period.

• Interim dividend declared at HK2.00 cents per share, compared to HK2.50 cents last year.

• The Group's in-orbit satellites operated reliably, serving over 75% of the world's population across Asia, Europe, Africa, and Oceania.

Financial highlights

• Gross profit decreased 7.21% to HK$95.8 million.

• EBITDA for the period was HK$303 million, with an EBITDA margin of 71%.

• Total assets stood at HK$7,019 million, with cash holdings of HK$2,795 million as of June 2026.

• Basic and diluted EPS was 7.50 HK cents, down 10.0% year-over-year.

• Other net gains rose 21.7% to HK$62.6 million, mainly from higher interest and FX gains.

Outlook and guidance

• Market oversupply and intense competition in satellite transponder leasing are expected to persist, with continued price pressure and customer payment challenges.

• LEO constellations are expected to intensify market challenges, but overall satcom demand is growing.

• The Group aims to expand bandwidth and transponder leasing, improve satellite resource utilization, and deepen cooperation with associates for market share growth.

• Construction of the CHK Station in Hong Kong is planned for completion in 2026 to enhance ground network capabilities.

• Plans to strengthen market position through operational efficiency, customer service, and integrated satellite solutions in key overseas markets.