Service revenue rose 3% year-on-year (y-o-y) to $976.1 million, lifted by broadband, enterprise and cybersecurity gains, while total revenue increased 2.2% to $1.1 billion. Ebitda fell 9.1% to $203.3 million, with service ebitda margins narrowing to 20% from 22.3% on higher operating expenses, which management said will taper in the second half.
StarHub's growth in 1HFY2025 was largely driven by its regional enterprise business, especially in managed services and cybersecurity. The telco is now banking on a stronger consumer push, including the full acquisition of MyRepublic broadband, even as it lowers its earnings guidance to reflect a more aggressive stance in the second half.
Net profit attributable to shareholders fell 23% to $62 million for 1HFY2025 ended June 30, excluding a $14.1 million forfeiture payment for the return of one lot of 700 MHz spectrum rights. Including the one-off, profit dropped 41.7% to $47.9 million.
