Asian Pay Television Trust (APTT) reported its financial results for the quarter and half-year ended 30 June 2025. The Group's total revenue for the quarter stood at $60.8 million, while the half-year revenue was $120.2 million, reflecting a decrease of 2.5% and 4.5% respectively compared to the previous year. The decline was mainly attributed to lower Basic cable TV subscription revenues. Earnings before interest, tax, depreciation, and amortisation (EBITDA) were $34.0 million for the quarter and $67.3 million for the half-year, with EBITDA margins of 55.9% and 56.0% respectively. These figures represent a decrease in EBITDA of 5.6% for the quarter and 9.3% for the half-year compared to the prior corresponding period. The Group reported a net loss primarily due to two non-cash items: an unrealised foreign exchange loss and a one-time write-off of unamortised arrangement fees following the refinancing of its borrowing facilities. Despite these losses, the Group reaffirmed its full-year distribution guidance at 1.05 cents per unit. In terms of business operations, APTT saw continued growth in its Broadband segment, which increased by 9.2% for the quarter and 6.6% for the half-year. The Group also successfully refinanced its Onshore and Offshore facilities in April 2025, reducing the total facilities size by 12% and hedging a significant portion of its debt until June 2028. Capital expenditure decreased significantly by 29.5% for the quarter and 32.3% for the half-year, with expenditure as a percentage of total revenue at 10.5% for both periods, aligning with industry norms.