Revenue and Profit Beat High End of Forecasts
Chunghwa Telecom announced its 2026 third-quarter consolidated operating results, with consolidated revenue of NT$67.59 billion, up 16.7% year-on-year; operating income of NT$15.38 billion, up 27.1% year-on-year; EBITDA of NT$25.66 billion, up 16.1% year-on-year; net profit attributable to parent shareholders of NT$12.22 billion, up 29.5% year-on-year; and EPS of NT$1.57. Operating revenue, operating income, net profit and EPS all exceeded the high end of its financial forecasts, setting a record high for the same period since 2009. Chairman Jian Zhicheng said core businesses grew steadily, ICT revenue hit a record high for the same period since 2021, and a one-time gain from asset value revitalization contributed, demonstrating the effectiveness of its strategic布局, and expressed confidence in achieving full-year forecast targets.
Stable Telecom Business With Strong ICT Momentum
President Lin Rongci pointed out that the core telecom business has maintained its leading position in Taiwan mobile and fixed broadband, with mobile market share indicators leading peers. Smartphone 5G penetration is nearly 50%, and with roaming revenue growth, overall mobile service revenue reached NT$17.80 billion, up 2.9% year-on-year. Fixed broadband benefited from demand for high-speed services, with users of 1Gbps and above up 52% year-on-year, and overall fixed broadband revenue of NT$12.04 billion, up 3.0% year-on-year.
The enterprise customer group is a key growth engine, with ICT revenue up 19% year-on-year and newly signed orders in the third quarter up 84% year-on-year. Network resilience business grew steadily, with international circuit revenue up 33% year-on-year and satellite-related revenue up 9.8% year-on-year, with accumulated satellite-related contract value exceeding NT$250 million as of the third quarter. The Personal and Home business group reported revenue of NT$37.38 billion, up 6.3% year-on-year; the Enterprise Customer business group reported revenue of NT$20.46 billion, up 8.2% year-on-year; and the International business group reported revenue of NT$2.48 billion, up 6.6% year-on-year.
Ample Cash Flow While Accelerating AI Deployment
Total costs and expenses in the third quarter were NT$52.21 billion, up 14.0% year-on-year, mainly due to asset revitalization-related costs, ICT project and merchandise costs, and personnel expenses. Operating net margin was 22.65% and EBITDA margin was 37.97%. Net cash flow from operating activities at the end of September was NT$49.84 billion, up 9.6% year-on-year, with cash and cash equivalents of NT$32.52 billion, up 38.2% year-on-year. As of the end of September, mobile subscribers totaled 13.51 million, up 2.5% year-on-year, with postpaid ARPU of NT$573, up 2.0% year-on-year; broadband subscribers totaled 4.48 million, up 0.7% year-on-year, with ARPU of NT$822, up 1.6% year-on-year; and fixed-line subscribers totaled 8.44 million. Looking ahead, it will deepen cooperation with Google, and through Chunghwa Chuangzhi generative AI governance and AgentHub services, and the newly established Chunghwa Yaozhi, strengthen enterprise AI and smart city deployment, while implementing ESG and sustainable shareholder returns.