Far EasTone Telecommunications (4904) Q1 2026 earnings summary

Executive summary

• Achieved record-high Q1 2026 revenue of NT$27.81 billion, up 6.8% YoY (restated 4% YoY after ETC consolidation), with all KPIs exceeding guidance.

• EBITDA reached NT$10.08 billion, up 6.3% YoY, and net income hit NT$3.71 billion, up 14.4% YoY, marking the highest quarterly result in 20 years.

• EPS increased to NT$1.03, up from NT$0.90 YoY.

• Consolidation of ETC and InSynerger expanded the ICT & Fixed Business segment.

Financial highlights

• Revenue: NT$27.81 billion, up 6.8% YoY; EBITDA: NT$10.08 billion, up 6.3% YoY; Net income: NT$3.71 billion, up 14.4% YoY; EPS: NT$1.03.

• Operating income: NT$4.90 billion, up 13.6% YoY; EBITDA margin: 36.2%; Net income margin: 13.3%.

• Free cash flow YTD at NT$8.69 billion; CapEx in line with 2026 guidance at NT$9.6 billion.

• Cash and cash equivalents at quarter-end were NT$7.15 billion, up from NT$5.85 billion a year ago.

• Operating cash flow was NT$9.56 billion, up from NT$7.87 billion YoY.

Outlook and guidance

• CapEx for 2026 is on track at NT$9.6 billion, with major focus on 5G SA network build-out and LEO satellite planning.

• Strategic investments in Smart Health, Cloud HIS, and Southeast Asia ICT expansion.

• Ongoing integration of new subsidiaries to drive future growth.

• Dividend policy remains stable, with a proposed cash dividend of NT$3.449 per share for 2025, pending shareholder approval.