China Mobile (941) Q1 2026 earnings summary

Executive summary

• Operating revenue reached RMB266.5 billion for Q1 2026, up 1.0% year-over-year, with principal business revenue at RMB219.9 billion, down 1.1% year-over-year.

• Profit attributable to equity shareholders was RMB29.3 billion, a 4.2% decrease year-over-year.

• EBITDA declined by 5.0% year-over-year to RMB76.7 billion.

• Mobile customers totaled 1,009 million, with a net addition of 3.76 million; broadband network customers reached 333 million, up by 3.90 million.

Financial highlights

• Revenue from other businesses rose 12.7% year-over-year to RMB46.6 billion.

• EBITDA margin was 28.8%, down from 30.6% in Q1 2025.

• Profit before taxation was RMB37.6 billion, down 4.4% year-over-year.

• Earnings per share (basic) was RMB1.36, compared to RMB1.42 in Q1 2025.

Outlook and guidance

• Focus remains on strengthening communications, computing, and AI services, with emphasis on quality, efficiency, and technological innovation.

• Aims to enhance core competitiveness and drive new productive forces for sustainable growth.