COMBA Telecom's stock surged 5.42% during intraday trading on Wednesday, marking a significant upward movement for the telecommunications equipment provider.

The sharp increase follows the company's announcement of a share repurchase program and the release of its annual financial results. COMBA Telecom's board approved an on-market buyback of up to 50 million shares, representing approximately 1.6% of its issued share capital, which is expected to be funded from internal cash flow and working capital.

Simultaneously, the company reported a return to profitability for the fiscal year 2025, with profit attributable to shareholders reaching HK$35 million, reversing from a loss in the previous year. Revenue increased marginally to HK$4.57 billion, with operating profit swinging to HK$148 million and operating cash flow improving significantly.