StarHub has reported lower earnings for its 3QFY2025, due to lower ebitda and higher depreciation, amid lower revenue.
For the three months to Sept 30, earnings dropped 35.3% y-o-y to $26.2 million, which brings its 9MFY2025 earnings to $88.2 million.
The bottom line was also hurt by a one-off forfeiture payment of $14.1 million for the return of one 700 MHz spectrum lot in 2QFY2025.
Excluding one-offs, StarHub's net profit after tax would have been $29.4 million, or down 25% y-o-y.
Revenue for 3QFY2025 was down 4.3% y-o-y to $550.3 million, bringing 9MFY2025 to $1.68 billion.
Mobile revenue saw the biggest drop of 10.1% y-o-y, followed by broadband and entertainment, down 4.4% and 4.3% respectively.
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The enterprise segment, meanwhile, was down 7.8% y-o-y for 3QFY2025 but up 1.5% y-o-y for 9MFY2025. Despite the softer 3QFY2025, StarHub maintains that it is accelerating growth across the region.
The company sees strong Singapore-Malaysia integration momentum.
Its order book for regional enterprise is up 5.7% y-o-y as at 9MFY2025, and its managed services order book is up a stronger more than 15% y-o-y in the same period.
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For the coming FY2026 to FY2028, StarHub has identified "initial cost savings" of around $60 million.
StarHub closed at $1.16 on Nov 13, down 0.85% for the day and down 4.92% year to date.
