Hutchison Telecommunications Hong Kong Holdings (215) H2 2025 earnings summary

Executive summary

• Accelerated growth in 5G, roaming, and corporate solutions drove core revenue expansion year-over-year, with 5G penetration reaching 62% and the mobile customer base growing 82% to 8.13 million.

• Corporate solutions revenue surged 33% year-over-year, and roaming revenue increased 31% year-over-year.

• Completed sale of Macau operations in January 2026 for HK$110 million, streamlining focus on Hong Kong and supporting future profitability improvements.

• Group loss attributable to shareholders was HK$25 million, impacted by a HK$43 million loss from Macau operations and a one-off provision for an onerous contract; excluding this, profit would have been HK$5 million.

• Final dividend of 5.21 HK cents per share proposed, with a full-year total of 7.49 HK cents per share.

Financial highlights

• Total revenue rose 17% year-over-year to HK$5,448 million, driven by a 50% surge in hardware revenue and 6% growth in service revenue.

• EBITDA remained stable at HK$1,508 million; EBIT increased 6% year-over-year to HK$18 million.

• Operating expenses reduced by 2% year-over-year to HK$1,291 million.

• Net interest income declined to HK$79 million from HK$98 million, reflecting lower deposit rates.

• Loss from discontinued Macau operations was HK$43 million.

Outlook and guidance

• Focus on agility, strategic resource allocation, and operational resilience to drive long-term profitability, with continued investment in AI and technology.

• Post-Macau exit, the Group operates with a streamlined structure, enabling focused investment in Hong Kong and reconsideration of dividend policy.

• Emphasis on multi-segment growth across prepaid, postpaid, retail, corporate, and digital sectors.

• Commitment to sustainability, efficiency, and workforce development.