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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
PCCW
PCCW (8) investor relations material
PCCW H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary10 Feb, 2026
Executive summary
Achieved resilient performance in 2025 with 7% revenue growth and 3% EBITDA increase, supported by steady economic recovery in Hong Kong and strong business momentum across segments.
Viu maintained its lead in Southeast Asia, reaching 16.8 million paid subscribers and launching new initiatives like Viu Shorts and the Viu-HBO Max bundle.
HKT delivered solid results, maintaining market leadership with revenue up 5% and supporting digital infrastructure and AI adoption.
Free TV digital memberships grew 3.6% to 3.4 million, with prime-time viewing up 6.7%.
Consolidated profit rose 35% to HK$2,615 million, and loss attributable to equity holders narrowed to HK$253 million.
Financial highlights
Consolidated revenue increased 7% year-over-year to US$5,160 million (HK$40,252 million); EBITDA rose 3% to US$1,704 million (HK$13,290 million).
OTT business revenue grew 5% to US$331 million (HK$2,579 million), with EBITDA surging 56% to US$79 million (HK$620 million).
HKT revenue up 5% to US$4,686 million (HK$36,553 million), with EBITDA up 4% to US$1,825 million (HK$14,234 million).
Adjusted funds flow up 4% to US$795 million; CapEx down 6% to US$282 million (HK$2,198 million), capex-to-revenue ratio at 5.5%.
Final dividend declared at HKD 0.2848 per share, full-year dividend at HKD 0.3825 per share (38.25 HK cents), with a 91.5% pass-through ratio of HKT dividend upstream.
Outlook and guidance
Strong content slate, expanded talent roster, and new growth engines like Viu Shorts and the Viu-HBO Max bundle are expected to drive revenue and profitability rebound in 2026.
Free TV anticipates a return to growth in 2026, supported by group concerts and content innovation.
Dividend policy will be regularly reviewed to optimize shareholder value.
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Next PCCW earnings date
H1 202631 Jul, 2026
PCCW
Next PCCW earnings date
H1 202631 Jul, 2026
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Frequently asked questions
PCCW Limited is a Hong Kong-based company focused on telecommunications, media, IT solutions, and property development. The company operates through various business segments, providing services such as broadband internet, mobile communications, and pay television. PCCW also offers enterprise solutions, including data centers, cloud computing, and IT infrastructure services. Additionally, through its media arm, the company delivers content and streaming services, enhancing its digital media offerings. The company is headquartered in Hong Kong, and its shares are listed on the HKEX.
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