Q1 2026 Chunghwa Telecom Co Ltd Earnings Call Transcript
Key Points
- Chunghwa Telecom Co Ltd (CHT) reported a record high revenue for the first quarter of 2026, driven by strong ICT revenue growth.
- The company announced a cash dividend per share of TWD5.2 with a payout ratio of 104.2%, reflecting confidence in operational performance.
- CHT's mobile revenue market share rose to 41.1%, a historic high, with strong growth in postpaid subscribers and 5G adoption.
- The company's AI initiatives, including the CHT AI Factory platform, are contributing to revenue growth, particularly in AI data centers.
- CHT maintained its MSCI ESG rating of AAA and ranked in the top 5% of the S&P Global Sustainability Yearbook, highlighting its commitment to ESG benchmarks.
- The average monthly fee uplift from 5G migration slightly decreased to 36% due to a one-time factor.
- Revenue from cybersecurity services declined due to a high comparison base from the previous year.
- Fixed income before tax for the Enterprise Business Group dropped by 2.7%, mainly due to a decrease in fixed voice service.
- The company reported a planned year-over-year decrease in CapEx by 15.9%, reflecting a reduction in mobile CapEx as 5G deployment peaks.
- Despite strong revenue growth, certain project-related costs increased alongside higher ICT revenue recognition, impacting overall cost control.
Good afternoon, ladies and gentlemen. Welcome to Chunghwa Telecom conference call for the company's first-quarter 2026 operating results.
(Operator Instructions)
For your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within an hour after the conference is finished. Please visit CHT IR website, www.cht.com.tw/ir under the IR Calendar section. Now I would like to turn it over to Ms. Angela Tsai, the Vice President of Finance.
Thank you. Ms. Tsai, please go ahead.
Thank you. I'm Angela Tsai, Vice President of Finance, Chunghwa Telecom. Welcome to our first-quarter 2026 earnings conference call. Joining me 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 overview of our
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