Hutchison Telecommunications Hong Kong Holdings (215) H1 2025 earnings summary

Executive summary

• Achieved a profit attributable to shareholders of HK$6 million and EPS of 0.12 HK cents for 1H 2025, marking a turnaround from a loss in 1H 2024.

• Total revenue rose 8% year-over-year to HK$2,216 million, driven by strong roaming and hardware sales.

• Interim dividend maintained at 2.28 HK cents per share, consistent with the prior year.

• Customer base expanded to 6.134 million, with 5G penetration reaching 57%.

• Corporate solutions and prepaid segments delivered strong revenue growth, with corporate up 30% and prepaid up 8% year-over-year.

Financial highlights

• Net customer service revenue increased 4% year-over-year to HK$1,822 million.

• Roaming service revenue surged 30% to HK$399 million, offsetting a 2% decline in local service revenue.

• Hardware and other product revenue grew 32% year-over-year, driven by flagship device sales.

• EBITDA increased 6% year-over-year to HK$771 million; EBIT turned positive at HK$6 million from a loss of HK$30 million in 1H 2024.

• Operating expenses reduced by 5% to HK$694 million.

Outlook and guidance

• Plans to strengthen roaming business by leveraging international travel rebound and the 3 Group's network.

• Focus on expanding managed IT services for SMEs and enhancing cybersecurity through 3Business Empower.

• Continued emphasis on operational agility, network infrastructure, sustainability, and disciplined financial management.