First, there's higher depreciation costs; also, it incurred a one-off forfeiture payment of $14.1 million for the return of a spectrum lot.
StarHub has reported earnings of $38.5 million for its 2HFY2025, versus $78.4 million from the year earlier. This brings its full year ended Dec 31 2025 earnings to $86.4 million, down 46.2% from the preceding FY2024's $160.5 million.
According to StarHub, there were a few key items that distorted the bottom line.

