Fourth Quarter Highlights
Operating income declined 2.2% to NT$11.38 billion, while EBITDA slipped 0.2% to NT$21.55 billion, reflecting slightly higher operating costs and expenses, which grew 0.7% to NT$54.15 billion.
Segment performance was mixed. Revenue from the Consumer Business Group climbed 5.9% to NT$39.54 billion, supported by steady growth in mobile and fixed broadband services as well as device sales. Meanwhile, Enterprise Business Group revenue fell 7.9% to NT$22.02 billion as major ICT projects had largely been recognized in earlier quarters. International Business Group revenue increased 2.5% to NT$2.56 billion, aided by demand for international data center services and stronger roaming revenue.
Full-Year Financial Performance
For the full year, Chunghwa Telecom generated consolidated revenue of NT$236.11 billion, up 2.7% from the prior year. Operating income rose 3.6% to NT$48.55 billion, while net income increased 4.0% to NT$38.69 billion, translating into EPS of NT$4.99.
EBITDA expanded 2.6% to NT$88.77 billion, maintaining a margin of approximately 37.6%, indicating stable profitability despite ongoing investment in network capabilities and services.
Consumer Business revenue grew 2.4% to NT$143.37 billion, and Enterprise Business revenue rose 2.5% to NT$77.24 billion. By contrast, International Business revenue declined 4.1% to NT$9.52 billion. The company noted that total revenue, operating income, net income, and EPS all exceeded the high-end target of its full-year guidance.
Operational Trends and Cash Position
Mobile remained a core growth driver, with subscriber numbers reaching 13.24 million, a 0.9% annual increase. Mobile service revenue rose 4.7% to NT$17.68 billion, while post-paid ARPU excluding IoT SIMs increased 3.6% year over year to NT$572.
Cash flow from operating activities totaled NT$77.50 billion, down 2.2% from the previous year. However, cash and cash equivalents increased 2.3% to NT$37.09 billion, underscoring a solid liquidity position.
Outlook for 2026
The company expects 2026 revenue to range between NT$241.99 billion and NT$243.68 billion, implying projected growth of roughly 2.5% to 3.2%. EBITDA is forecast at NT$90.27 billion to NT$91.79 billion, while acquisition of material assets is set to rise about 15%, signaling continued investment in infrastructure and long-term capabilities.
Strategic Perspective
Chunghwa Telecom’s 2025 results highlight a business leveraging next-generation connectivity and digital services to sustain consistent earnings growth. With balanced contributions from consumer and enterprise segments and continued capital deployment, the company appears positioned to navigate evolving technology demands while reinforcing its leadership in Taiwan’s telecommunications market.