HKBN (1310) released its annual results for the year ended 31 August 2025, reporting a 4% increase in total revenue to HK$11,129 million. The company attributed this performance to a 7% rise in core service revenue, excluding mobile devices and other products. EBITDA also rose 4% year-on-year, reaching HK$2,451 million.

During the reporting period, net profit surged from HK$10 million to HK$207 million. According to the announcement, this notable improvement was helped by stronger operational performance, strategic growth measures, and reduced finance costs, which fell sharply by 17% to HK$710 million. Adjusted free cash flow climbed 9% to HK$677 million, driven by stable EBITDA growth, lower interest expenses, and a decline in income tax payments.

The Enterprise Solutions segment posted a robust 15% revenue increase to HK$5,531 million, supported by strong wholesale IDD and heightened demand amid accelerating AI adoption. HKBN also upgraded its dedicated MetroNet private network to 100Gbps, aiming to address mission-critical applications such as Generative AI and cloud supercomputing. Meanwhile, the Residential Solutions segment generated HK$2,333 million in revenue, supported by the “Infinite-Play” strategy and stable broadband subscriptions of 907,000.

HKBN expanded its network coverage to 2.65 million homes and introduced “Elder Buddy,” a smart elderly care solution integrating wireless emergency alert and radar-based fall detection. Management highlighted that enhanced technology partnerships, such as the HKBN InnoTech Ecosystem Alliance (iTEA), reinforce the company’s pursuits in cloud, cybersecurity, and digital transformation.

Capital expenditure for FY25 rose to HK$511 million from HK$379 million a year ago. The company’s net debt position was HK$10,224 million, reflecting a net debt to EBITDA ratio of around 4.7x. Bank and other borrowings totaled HK$11,416 million.

Looking ahead, HKBN noted it intends to leverage infrastructure advantages—particularly in 25Gbps GigaFast and 100Gbps MetroNet services—to capture AI-driven opportunities. With the Board declaring a final dividend of 18.9 cents per share—up from 16.5 cents in FY24—the company reiterated its focus on balancing shareholder returns with future investment in emerging technologies to drive further growth.