Q4 2025 Chunghwa Telecom Co Ltd Earnings Call Transcript
Key Points
- Chunghwa Telecom Co Ltd (CHT) reported exceptional financial performance for 2025, with revenue, operating income, income before tax, and EPS all exceeding the upper end of guidance.
- The company's full-year EPS of TWD4.99 marked an 8-year high, extending annual growth momentum for the sixth consecutive year.
- Chunghwa Telecom Co Ltd (CHT) solidified its leadership position in Taiwan's mobile market with record highs in mobile revenue market share and subscriber market share.
- The company achieved a strong mobile service revenue growth of 4.7% year-over-year in the fourth quarter, driven by robust 5G performance.
- Chunghwa Telecom Co Ltd (CHT) secured multiple awards for ESG accomplishments and technical innovation, including The Asset's Jade Award for corporate sustainability leadership and recognition on Newsweek's World's Most Trustworthy Companies 2025 list.
- The company's ICT revenue declined by 6% year-over-year in the fourth quarter due to a higher comparison base from the previous year.
- Revenue from cloud and AIDC business declined by 16% and 27% year-over-year, respectively, due to a high base last year.
- Chunghwa Telecom Co Ltd (CHT) faced a decrease in income from operations by 2.2% in the fourth quarter, primarily due to one-off impairment losses from the 3G network sunset.
- The company's international subsidiaries' revenue decreased by 7% year-over-year, mainly due to softened demand for voice services and a higher comparison base in the United States and Japan ICT market.
- Operating costs and expenses are expected to increase between 3.5% to 3.7% year-over-year in 2026, driven by investment in talent and infrastructure, which may outpace revenue growth.
Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom conference call for the company's fourth-quarter 2025 operating results.
(Operator Instructions) And for your information, this conference call is now being broadcasted live over the Internet. A webcast replay will be available within an hour after the conference is finished. Please visit CHT IR website at www.cht.com.tw/ir under the IR Calendar section.
And now I would like to turn it over to Ms. Angela Tsai, Vice President of Financial Department. Thank you. Ms. Tsai, please begin.
Thank you. I'm Angela Tsai, Vice President of Finance at Chunghwa Telecom. Welcome to our fourth-quarter 2025 Earnings Conference call. Joining me on the call today are Chunghwa's President Rong-Shy Lin; and our Chief Financial Officer, Audrey Hsu. During today's call, management will begin by sharing our recent strategic achievements and providing an
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