HKBN Ltd (HKSE:01310)
HK$ 6.01 +0.070 (+1.18%) Market Cap: 8.89 Bil Enterprise Value: 19.04 Bil PE Ratio: 42.93 PB Ratio: 4.20 GF Score: 79/100

Half Year 2025 HKBN Ltd Earnings Call Transcript

Apr 25, 2025 / 09:45AM GMT
Release Date Price: HK$5.07 (+0.20%)

Key Points

Positve
  • HKBN Ltd (FRA:2HK) reported a 5% year-over-year growth in EBITDA, outperforming many market players.
  • The enterprise solutions segment saw a 4% revenue growth, with the system integration ICT business growing by 10%.
  • The residential solutions segment introduced the GigaFast campaign, resulting in an 80% uptake in 2GB customers.
  • The company has successfully launched the InnoTech Ecosystem Alliance, partnering with 17 vendors to expand its international data services.
  • HKBN Ltd (FRA:2HK) improved its net leverage ratio by more than 0.5% over the past year, enhancing financial stability.
Negative
  • The residential business only achieved a modest 1% year-over-year growth in direct subscriptions.
  • The company scaled down less profitable reselling businesses, resulting in a slight decline in overall business aggregate.
  • Despite growth in certain areas, the overall revenue growth remains relatively flat.
  • The company faces competitive pressure in pricing execution, particularly in the residential segment.
  • There is a potential risk of geopolitical issues impacting enterprise customers involved in exports, although currently deemed minimal.
Operator

Good afternoon everyone. On behalf of HKBN Limited, thank you all for joining the group's 2025 interim result investor presentation.

Today's presentation and Q&A session will be conducted in English. The management represent the business performance of enterprise solutions and residential solutions, as well as the financial performance of the first-half of 2025, followed by a Q&A section.

Without further ado, now may I invite executive Vice Chairman and group CEO William; and President and group COO Dr. Dennis Yip to walk us through the group's overall performance and business performances of enterprise solutions and residential solutions.

William and Dennis, please.

William Yeung
HKBN Ltd - Co-Owner & Executive Vice-chairman & Group Chief Executive Officer

Thank you. Thank you all our partners coming to join our interim update. I will say our success. It's because of the full support from our talents and also your trust and support to us.

I will start with this PowerPoint, an introduction, and then our

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