StarHub's earnings for FY2024 ended Dec 31, 2024 increased by 7.7% y-o-y to $161.7 million, on the back of a 1.4% gain in total revenue to $2.4 billion.
"We are pleased to report continuous growth despite intense market competition, particularly in the consumer telco segment," says CEO Nikhil Eapen.
"Enterprise continues to be our key growth driver, reporting exceptional growth this year," he says, referring to this segment's 14.1% revenue jump.
"We reiterate our commitment to create long-term total shareholder return through growth, dividends and buybacks," adds Eapen.
The company plans to pay a final dividend of 3.2 cents per share, bringing its total FY2024 payout to 6.2 cents, translating into a payout ratio of 80.6%.
For the current FY2025, StarHub aims to distribute 6 cents, or the higher of its dividend policy of 80% of its earnings, net of exceptional items.
StarHub has been spending the previous few years revamping its network and IT systems and it sees the current FY2025 as the year where it starts to "harvest" the benefits.
This year, it plans to "defend" and grow its consumer business.
"Flexibility is retained for the consumer business to make strategic decisions to compete aggressively until market consolidation and price rationalisation returns," says StarHub, suggesting that it remains keen on this long-awaited front.
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At the same time, StarHub wants to grow its enterprise segment "aggressively" as well, possibly via M&A across the region.
StarHub expects its FY2025 ebitda to be "stable".
StarHub shares closed at $1.26 on Feb 20.
