TAIPEI, Nov. 6, 2025 /PRNewswire/ -- Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company") today reported its un-audited operating results for the third quarter of 2025. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("T-IFRSs") on a consolidated basis.

(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period . )

Third Quarter 2025 Financial Highlights

- Total revenue increased by 4.2% to NT$ 57.92 billion.

- Consumer Business Group revenue increased by 2.2% to NT$ 35.18 billion.

- Enterprise Business Group revenue increased by 7.4% to NT$ 18.91 billion.

- International Business Group revenue decreased by 1.9% to NT$ 2.33 billion.

- Total operating costs and expenses increased by 3.6% to NT$ 45.82 billion.

- Operating income increased by 6.4% to NT$ 12.10 billion.

- EBITDA increased by 4.0% to NT$ 22.11 billion.

- Net income attributable to stockholders of the parent increased by 4.8% to NT$ 9.44 billion.

- Basic earnings per share (EPS) was NT$1.22.

- Total revenue, operating income, net income attributable to stockholders of the parent and EPS all exceeded the upper end of our proposed guidance.

"Building on our exceptional first-half performance, we delivered another outstanding third quarter, surpassing the upper ends of our guidance across all key metrics including revenue, operating income, net income, and EPS," stated Mr. Chih-Cheng Chien, Chairman and CEO of Chunghwa Telecom." Third quarter revenue hit its highest level at NT$57.9 billion since 2017, reflecting the robust growth in our core business and ICT services. We are confident in our full-year financial results, supported by our leadership across all business segments."

"In the third quarter, our core telecom business reinforced its market leadership with outstanding 5G performance. Our 5G subscriber share rose to 38.8% and 5G penetration among smartphone users reached 44.7%. Meanwhile, successful high-speed migration initiatives and our effective promotion drove a NT$23 increase in fixed broadband ARPU, further driving revenue and profit up. Our Consumer Business Group benefited the most from the core business growth, resulting in positive year-over-year growth in its revenue and income before tax by 2.2% and 11.4%, respectively. Our Enterprise Business Group achieved a robust 14.5% ICT revenue growth, powered by rapid expansion in IDC, cloud and cybersecurity services. Internationally, our US subsidiary achieved impressive 70% revenue growth, driven by major AI supply chain projects, while our Southeast Asia operations performed exceptional and successfully introduced cybersecurity services to overseas clients," said Mr. Rong-Shy Lin, President of Chunghwa Telecom.

"We remain at the forefront of AI innovation, holding Taiwan's largest portfolio of AI-related patents and achieving first place in the recent global AI City Challenge contest," said Mr. Lin. "Furthermore, to monetize our AI innovations, we spun off an AI research team to establish InventAI subsidiary in October. In parallel, our cybersecurity subsidiary, CHT Security, successfully completed its public listing, with International Integrated Systems soon to follow in its upcoming IPO. In addition, we successfully completed a NT$3.5 billion sustainability bond issuance to promote biodiversity and EV initiatives during the quarter, demonstrating our commitment to ESG excellence and net-zero goals. These strategic moves combined with our expanding international footprint, underscore our dedication to building a future-ready infrastructure that delivers sustainable value for all stakeholders."

Revenue

Chunghwa Telecom's total revenues for the third quarter of 2025 increased by 4.2% to NT$ 57.92 billion.

Consumer Business Group's revenue for the third quarter of 2025 increased by 2.2% YoY to NT$ 35.18 billion. This remarkable performance was mainly driven by steady growth in mobile and fixed broadband services, along with the higher sales driven by iPhone demand. Additionally, the 11.4% year-over-year increase in CBG's income before tax was partly attributable to changes in certain expenses compared to the previous year, broadly supporting the Group's outperformance.

Enterprise Business Group's revenue for the third quarter of 2025 increased 7.4% YoY to NT$ 18.91 billion, mainly driven by our robust growth in ICT business, which saw a 14.5% year-over-year increase in revenue, fueled by the strong performance of our emerging services. While income before tax declined by 5.1% year-over-year, this was mainly owing to reduced fixed voice revenue during the quarter.

International Business Group's revenue for the third quarter of 2025 decreased by 1.9% to NT$ 2.33 billion, while its income before tax decreased 19.7% YoY. The decline was mainly due to reduced demand for international fixed voice services.

Operating Costs and Expenses

Total operating costs and expenses for the third quarter of 2025 increased by 3.6% to NT$ 45.82 billion, mainly due to the growing sales and ICT business, as well as the higher manpower cost.

Operating Income and Net Income

Operating income for the third quarter of 2025 increased by 6.4% to NT$ 12.10 billion. The operating margin was 20.9%, as compared to 20.5% in the same period of 2024. Net income attributable to stockholders of the parent increased by 4.8% to NT$ 9.44 billion. Basic earnings per share was NT$1.22.

Cash Flow and EBITDA

Cash flow from operating activities, as of September 30(th) , 2025, decreased by 8.6% year over year to NT$ 45.49 billion.

Cash and cash equivalents, as of September 30(th) , 2025, decreased by 24.6% to NT$ 23.54 billion as compared to that as of September 30(th) , 2024.

EBITDA for the third quarter of 2025 was NT$ 22.11 billion, increasing by 4.0% year over year. EBITDA margin was 38.17%, as compared to 38.23% in the same period of 2024.

Business Highlights

Mobile

As of September 30(th) , 2025, Chunghwa Telecom had 13.19 million mobile subscribers, representing a 1.3% year-over-year increase. In the third quarter, total mobile service revenue increased by 3.3% to NT$ 17.31 billion, while mobile post-paid ARPU excluding IoT SIMs grew 1.8% year over year to NT$ 562.

Fixed Broadband/HiNet

As of September 30(th) , 2025, the number of broadband subscribers slightly increased by 0.6% to 4.45 million. The number of HiNet broadband subscribers increased by 1.4% to 3.78 million. In the third quarter, total fixed broadband revenue grew 3.2% year over year to NT$ 11.68 billion, while ARPU increased 3.0% to NT$ 810.

Fixed line

As of September 30(th) , 2025, the number of fixed-line subscribers was 8.70 million.

Financial Statements

Financial statements and additional operational data can be found on the Company's website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings

NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Chunghwa's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the risks outlined in Chunghwa's filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and 20-F, in each case as amended. The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date, except as required under applicable law.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

NON-GAAP FINANCIAL MEASURES

To supplement the Company's consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a "non-GAAP financial measure". EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.

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