StarHub Q1 profit falls 18.4% to S$31.8 million
Revenue declines 2.4% year on year to S$540.5 million, from S$553.9 million
Add BT as a preferred source
[SINGAPORE] Telco StarHub on Friday (May 9) reported profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from S$38.9 million in the corresponding year-ago period.
This was in tandem with lower earnings before interest, taxes, depreciation and amortisation, as well as higher depreciation and amortisation. It was offset by a higher share of profits from joint ventures and associates, and lower tax expense. Revenue for the three months fell 2.4 per cent year on year (yoy) to S$540.5 million, from S$553.9 million.
The group’s regional enterprise business added 10.1 per cent yoy to S$146.5 million, from S$133 million. This was due to a 20.2 per cent growth in managed services, and backed by a strong order book.
Its broadband segment climbed 4.9 per cent yoy to S$64.4 million, from S$61.4 million, due to a sustained momentum of migration towards higher-bandwidth plans and the strength of its Infinity Play offering and bundling.
Shares of StarHub closed flat at S$1.17 on Friday, before the announcement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Is it time to scrap COE categories for cars?
