StarHub has reported earnings of $5.9 million for its 1QFY2026, down 81.3% y-o-y, as service revenue dropped and operating costs increased.
For the three months to March, the telco's service revenue was down 3.9% y-o-y to $445.7 million, due to lower consumer revenue.
All three consumer segments, mobile, broadband and entertainment saw revenue down y-o-y. Due to timing of project recognition, its enterprise revenue was down as well.
Total revenue, meanwhile, was down 6.1% to $507.3 million.
The company's ebitda was down 22.5% y-o-y to $77.7 million, no thanks to higher costs in staff, marketing, and repair and maintenance.
StarHub booked higher depreciation and finance costs too, although the bottom line was partially offset by lower tax.
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Last month, after the close of 1QFY2026, StarHub partially divested a 16.81% stake in cybersecurity unit Ensign to indirect parent Temasek.
The company is expected to pocket cash proceeds of $121 million even as it retains a 38.92% stake which has a fair value estimated at $322 million.
StarHub shares closed at $1.01 on May 6.
