Asian Pay Television Trust reported revenue of 56.8 million Singapore dollars for the quarter ended Mar, 31 2026, down 4.2% from the prior-year period.

The group’s earnings before interest, tax, depreciation and amortisation stood at 31.6 million Singapore dollars, delivering an EBITDA margin of 55.5%. Profit after income tax increased 19.6% year on year to 8.7 million Singapore dollars.

Broadband revenue rose 7.6% to 19.7 million Singapore dollars, supported by a net addition of about 8,000 subscribers, taking the broadband base to roughly 419,000 users. Basic cable TV revenue fell 9.8% to 34.8 million Singapore dollars as subscriber numbers slipped by about 4,000 to 606,000 and average revenue per user declined to NT$406 per month. Premium digital TV revenue eased 4.5% to 2.3 million Singapore dollars.

Capital expenditure for the quarter expanded 42.9% to 8.9 million Singapore dollars, equal to 15.7% of revenue, with increased spending on network and broadband upgrades and the capitalisation of office-lease renewals.

Net debt was reduced by 12 million Singapore dollars during the period. The trustee-manager plans to cut a further 43 million to 63 million Singapore dollars of net debt between 2026 and 2027, subject to market conditions. About 76% of the group’s total debt is hedged against rising interest rates.

The board reaffirmed its distribution guidance of 0.80 Singapore cents per unit for 2026, payable in two equal instalments of 0.40 Singapore cents, with the first payment slated for September 2026.