DBS analyst Sachin Mittal says StarHub’s 1QFY2026 normalised earnings of $5.9 million came in below consensus expectations of $10.6 million, while service revenue was 4% below consensus expectations of $466.1 million. The miss was “mainly due to ebitda decline alongside higher depreciation and amortisation and higher net finance costs”, he writes in his May 7 note.
DBS Group Research and RHB Bank are staying cautious on StarHub after the telco’s 1QFY2026 earnings missed expectations, with both research houses warning that price competition in mobile and broadband will continue to weigh on margins.
For the three months ended March, StarHub’s net profit after tax (NPAT) attributable to shareholders fell 81.3% y-o-y to $5.9 million, while ebitda declined 22.5% y-o-y to $77.7 million. Service revenue fell 3.9% y-o-y to $445.7 million, due mainly to lower revenue from its consumer segments.
