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What factors drove the changes in CHT's revenue and profit?

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What guidance did CHT's management provide for the next earnings period?

What is CHT's latest dividend and current dividend yield?

What does CHT do and what are its main business segments?

What is the revenue and EPS growth rate for CHT year over year?

Did CHT beat or miss consensus estimates last quarter?

- **Record Financial Milestones**: 2025 EPS of TWD 4.99 (8-year high), 41% mobile market share, and 39.2% 5G subscriber penetration.
- **Growth Drivers**: Fixed broadband ARPU up 3.8%, mobile service revenue growth 4.7%, and AIoT/satellite revenue target of TWD 10 billion in 2026.
- **2026 Outlook**: Revenue growth 2.5%-3.2%, with CapEx focus on IDC, satellites, and submarine cables. Operating costs rise due to talent and electricity expenses.

**【CEO Summary Section】**
- **Record Financial Performance**: Full-year 2025 revenue reached an all-time high, with EPS of TWD 4.99 marking an 8-year high. Mobile revenue market share climbed to 41%, and 5G subscriber share reached 39.2%.
- **Core Business Growth**: Fixed broadband ARPU rose 3.8% YoY to TWD 819, driven by high-speed upgrades. Mobile service revenue grew 4.7% YoY, with postpaid ARPU up 3.6%.
- **Strategic Initiatives**: Expansion into AI, satellite services (e.g., OneWeb, SES, Astranis), and pre-6G technologies. Targeting TWD 10 billion in combined AIoT, satellite, and big data revenue in 2026.
- **ESG Recognition**: Won 5th Jade Award for sustainability and was named one of the world's most trustworthy companies. Secured 4.6 billion kWh of renewable energy via a 20-year PPA to support 2045 net-zero goals.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Revenue of TWD 65.65 billion (0.5% YoY growth), highest in a decade. EPS of TWD 1.20, up 3.4% YoY, marking the highest Q4 EPS in 10 years. EBITDA margin remained stable at 32.82%.
- **Full-Year 2025**: Revenue grew 2.7% to TWD 236.11 billion, driven by mobile device sales, ICT services, and core telecom. EBITDA rose 2.6% to TWD 88.77 billion. Debt ratio improved to 25.25%, with net debt-to-EBITDA ratio at 0.
- **2026 Guidance**: Revenue expected to grow 2.5%-3.2% YoY. Operating costs to rise 3.5%-3.7% due to talent investment and uncertain electricity costs. CapEx of TWD 31.91 billion includes 24% increase in nonmobile spending (e.g., IDC, satellites, submarine cables) and 6.3% decline in mobile CapEx.

**【Q&A Highlights】**
- **CapEx Breakdown**: Nonmobile CapEx increase (24%) driven by IDC, satellites, and cables. Mobile CapEx down 6.3% YoY as 5G deployment peaks. IDC-related spending is a major component of nonmobile investments.
- **Operating Cost Drivers**: Talent acquisition for AI and ICT roles, electricity costs, and depreciation/amortization of past investments.

Chunghwa Telecom Co., Ltd. (CHT) Q4 2025 Earnings Call Transcript

- **Revenue Record**: Q3 revenue TWD 57.92B, highest in 9 years, driven by ICT and telecom growth.
- **AI Leadership**: Global AI City Challenge winner, 1/3 of Taiwan's AI patents, cybersecurity subsidiary IPO.
- **ESG Momentum**: Sustainability bonds for biodiversity, 5G restoration during typhoon.
- **International Growth**: US +70% YoY via AI projects, Japan/SEA cybersecurity adoption, SJC2 cable operational.

**【CEO Opening Remarks】**
- **Revenue Milestone**: Q3 revenue reached TWD 57.92 billion, highest in 9 years, driven by ICT expansion and core telecom growth.
- **Market Leadership**: Mobile revenue share rose to 40.8%, 5G subscriber share at 38.8%, with ARPU uplift of 40% from 5G migration.
- **AI & Innovation**: Launched InventAI subsidiary, won Global AI City Challenge, and holds 1/3 of Taiwan's AI patents. Completed cybersecurity subsidiary IPO and plans for International Integrated Systems IPO.
- **ESG Progress**: Issued TWD 3.5 billion sustainability bonds for biodiversity and EV initiatives, restoring communication during typhoon.

**【CFO Financial Commentary】**
- **Profitability**: Q3 EPS of TWD 1.22, highest in 8 years, with EBITDA margin at 38.17%.
- **Balance Sheet Strength**: Debt ratio 23.91%, net debt/EBITDA 4.5x, reflecting disciplined capital management.
- **Cash Flow**: Free cash flow TWD 28.19 billion (9M), despite front-loaded CapEx for 5G/4G.
- **Segment Growth**: CGB revenue +2.2%, EBG ICT +14%, IBG ICT +14%.

**【Q&A Highlights】**
- **US Expansion**: Texas subsidiary drives 70% YoY growth via AI supply chain projects for Taiwanese tech firms.
- **Japan & SEA**: Introducing cybersecurity and Smart Pole solutions, with Thailand project leveraging AI/IoT for adaptive lighting and traffic analytics.
- **Submarine Cables**: SJC2 operational, Apricot cable to launch Q4, enhancing global connectivity.
- **Project Wins**: Largest life insurance network contract, Taipower big data platform, and railway digital twin solutions.

Chunghwa Telecom Co., Ltd. (CHT) Q3 2025 Earnings Call Transcript

- **Revenue Record**: Q2 2025 revenue hit a 10-year high at TWD 56.1 billion (+4.8% YoY), driven by 27% YoY growth in Enterprise ICT and strong mobile ARPU stabilization.
- **Market Leadership**: Mobile market share at 40.7% (highest in 10 years), 5G share 38.7%, and Fixed Broadband ARPU +2% YoY.
- **Financial Strength**: EPS reached TWD 1.31 (highest in 9 years for Q2), EBITDA margin 39.8%, and net debt-to-EBITDA ratio 0.
- **Strategic Growth**: SEA-Japan Cable 2 launch, 1 billion+ TWD AIDC contracts, and 150% YoY growth in 5G private networks.

**【CEO Strategic Overview】**
- **Revenue Milestone**: Q2 2025 revenue reached a 10-year high, exceeding the upper end of forecasts, driven by core business and ICT expansion. ICT revenue set a new Q2 record since 2021.
- **Market Leadership**: Mobile market share rose to 40.7% (highest in 10 years), with 5G share at 38.7%. Fixed Broadband ARPU increased 2% YoY, and 70% of new subscribers opted for 300+ Mbps plans.
- **Strategic Investments**: Launched SEA-Japan Cable 2, invested in Asia United Gateway (AUG) submarine cable (2029 completion), and secured exclusive OneWeb LEO satellite services for aviation and maritime industries.
- **Operational Excellence**: Received MSCI ESG AAA rating (only Taiwan telecom with this distinction) and Frost & Sullivan's Data Center Leadership Award.

**【CFO Financial Highlights】**
- **Revenue Performance**: Q2 2025 revenue of TWD 56.1 billion (+4.8% YoY), with EBITDA of TWD 22.6 billion (+3.5% YoY). EPS reached TWD 1.31, highest in 9 years for Q2.
- **Segment Growth**: Enterprise ICT revenue +27% YoY, with IDC (+71%), AIoT (+40%), and cybersecurity (+11%) leading. International subsidiaries revenue declined 41% YoY due to one-time project revenue, but Southeast Asia growth (+10%) offset softness in US/Japan.
- **Financial Health**: Current ratio >100%, adjusted debt ratio 23.15%, and net debt-to-EBITDA ratio 0. Free cash flow declined 6.8% YoY due to front-loaded 5G CapEx, but full-year Mobile CapEx expected to remain below 2024 levels.

**【Key Financial Metrics】**
- **Q2 2025**: Revenue +4.8% YoY, EBITDA +3.5% YoY, EPS +3.1% YoY.
- **H1 2025**: Revenue +3.2% YoY, EBITDA +3.4% YoY, EPS +2.8% YoY.
- **Margins**: EBITDA margin 39.8% (Q2) and 40.1% (H1), stable vs. prior year.

Chunghwa Telecom Co., Ltd. (CHT) Q2 2025 Earnings Call Transcript

- **Revenue Growth**: Q1 2025 net income up 4.3% YoY, driven by 40.5% mobile market share and 38.7% 5G leadership in Taiwan.
- **Strategic Investments**: 5G satellite integration, E2A submarine cable, and US office expansion to capitalize on AI and global supply chain shifts.
- **Financial Strength**: Record Q1 EBITDA and net income, debt-free balance sheet, and 13% YoY growth in enterprise ICT revenue.
- **ESG Recognition**: 3rd consecutive S&P Global ESG Top 5 ranking and AWS Premier Tier certification for cloud leadership.

**【President Rong-Shy Lin Opening Remarks】**
- **Financial Highlights**: Q1 2025 net income and EPS grew 4.3% YoY, driven by strong mobile, fixed-line, and ICT performance. Mobile revenue share in Taiwan reached 40.5%, with 5G share at 38.7%.
- **Strategic Initiatives**: 
  - Launched Sea-Land-Sky network strategy, including 5G satellite integration (ST-2) and MicroGEO satellite partnership with Astranis.
  - Invested in E2A trans-Pacific submarine cable to support AI and OTT demand.
  - Received 3rd consecutive S&P Global ESG Top 5 ranking and AWS Premier Tier certification.

**【Business Group Performances】**
- **Mobile & Broadband**: 
  - Mobile ARPU stable with 42% uplift from 5G migration.
  - Fixed broadband ARPU +2.1% YoY, 70% of subscribers on 300Mbps+ plans.
- **Customer Applications**: 
  - Multi-play packages +33% YoY; Hami Video subs +45% YoY.
  - Cybersecurity subs +21% YoY.
- **Enterprise ICT**: 
  - Overall revenue +13% YoY; cybersecurity (+40%), IDC (+29%), cloud (+13%).
  - Secured NT$1 billion network integration contract with a financial holding company.

**【International Expansion】**
- Subsidiaries in US, Singapore, Vietnam, and Thailand saw 8.2% YoY revenue growth, driven by ICT services for Taiwanese enterprises.
- Expanded US presence with new offices in Arizona and Texas.

**【CFO Audrey Hsu Financial Summary】**
- **Revenue**: NT$55.3 billion (1.6% YoY growth), highest Q1 in 5 years.
- **Profitability**: EBITDA +1.7%, net income +4.3%, EPS +4.1% to NT$1.26.
- **Liquidity**: Strong cash position with free cash flow despite 7.2% YoY capex increase for 5G deployment.
- **Balance Sheet**: Debt-free status; current ratio >100%, debt-to-EBITDA ratio 0.0x.


Chunghwa Telecom Co., Ltd. (CHT) Q1 2025 Earnings Call Transcript

- **Record 2024 Performance**: Full-year revenue and EPS reached seven-year highs, driven by mobile, broadband, and ICT growth.
- **5G Leadership**: 38.8% 5G subscriber share and 45% ARPU uplift from 5G migration.
- **AI and Digital Transformation**: 25% non-mobile CapEx increase for AI data centers, cloud, and cybersecurity. Launched sovereign AI services and 5G unmanned vehicle solutions.
- **Satellite Growth**: 80% capacity sold in submarine cables, with commercial services expected in H2 2025.
- **Sustainability Recognition**: Inclusion in Dow Jones Sustainability Index and Newsweek’s Most Trustworthy Companies list.
- **2025 Outlook**: 1.2-1.6% revenue growth, 1.2% EPS guidance, and 14.9% free cash flow increase.

**【Management Opening Remarks】**
- Chunghwa Telecom achieved record financial performance in 2024, with operating income, pre-tax income, and EPS all exceeding the upper end of forecasts. Full-year revenue reached a seven-year high, driven by growth across all business sectors.
- Highlighted strategic initiatives include collaboration with NTT on ultra-low latency video technology, Open RAN testing capabilities, and planned commercial satellite services with OneWeb and SES by mid-2024.
- Recognized as a sustainability leader, the company was included in the Dow Jones Sustainability Index and Newsweek’s Most Trustworthy Companies list.

**【CEO Business Overview】**
- **Mobile Market Leadership**: 37.9% subscriber share (11 consecutive quarters of growth), 38.8% 5G subscriber share, and 40.3% revenue share. Q4 mobile service revenue grew 1.7% YoY, with ARPU uplift from 5G migration up 45%.
- **Fixed Broadband Growth**: 17% YoY increase in 300Mbps+ subscribers, 1Gbps net-adds doubled. Fixed broadband revenue and ARPU rose 2.9% and 1.7% YoY.
- **Consumer Business Momentum**: 57% YoY growth in multiple-play packages, 15.2% YoY increase in Hami Video subscriptions, and 22% YoY growth in cybersecurity services. Reached 3 million total subscribers across services.
- **Enterprise Business Expansion**: 10.2% YoY revenue growth driven by 50%+ growth in IDC, cloud, and cybersecurity services. Launched a 5G unmanned vehicle solution for smart harbor inspection and AI-driven projects in government and healthcare.
- **International Growth**: 80% capacity sold in SJC2 and Apricot submarine cables, with revenue expected in H2 2025. Secured hyperscaler contracts for IDCs and expanded ICT solutions globally.

**【CFO Financial Commentary】**
- Q4 2024: Revenue exceeded NT$65 billion (5.6% YoY), EPS reached NT$1.16 (highest in nine years). Full-year revenue up 3.1% YoY, EPS NT$4.8 (seven-year high).
- 2025 Guidance: 1.2-1.6% revenue growth, driven by core mobile/broadband and ICT businesses. CapEx NT$32.36 billion (13.3% mobile decline, 25.2% non-mobile increase for AI, IDCs, and cables). Free cash flow up 14.9% YoY.

**【Q&A Highlights】**
- **AI Investment**: Focus on AI data centers, cloud platforms, and cybersecurity. Launched sovereign AI services and AI factory for cross-cloud solutions.
- **ICT Growth Strategy**: Prioritize recurring revenue (e.g., cybersecurity, cloud) and project margins. 2025 ICT revenue growth expected from digital transformation demand.
- **Shareholder Returns**: Sustainable dividend policy with potential increases tied to EPS growth. 2024 EPS up 5% YoY.
- **CapEx Allocation**: Mobile CapEx decline reflects network maturity; non-mobile investments target high-growth areas like AI, IDCs, and satellite infrastructure.


Actual										0.3598	0.3754	0.3776	0.3793	0.4077	0.4112	0.4346	0.3993	0.3929	0.4168	0.3728	0.3671	0.4035	0.399	0.3655	0.3403	0.3736	0.3882	0.3593	0.3544	0.4159	0.4379	0.3943	0.3792
Forecast										0.3326	0.3517	0.3432	0.354	0.3791	0.3207	0.3455	0.4143	0.4171	0.4192	0.3916	0.3621	0.391	0.3963	0.3803	0.3267	0.3933	0.3901	0.3699	0.3235	0.3906	0.4191	0.4057	0.3797
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+8.18%	+6.74%	+10.02%	+7.15%	+7.54%	+28.22%	+25.79%	-3.62%	-5.80%	-0.57%	-4.80%	+1.38%	+3.20%	+0.68%	-3.89%	+4.16%	-5.01%	-0.49%	-2.87%	+9.55%	+6.48%	+4.49%	-2.81%	-0.13%

Actual	--	--	--	--	--	--	--	--	--	1.62B	1.63B	1.82B	2.13B	1.79B	1.77B	1.83B	2.15B	1.74B	1.75B	1.66B	2.00B	1.76B	1.68B	1.66B	1.99B	1.70B	1.65B	1.72B	2.00B	1.84B	1.90B	1.87B	2.07B
Forecast	--	--	--	--	--	--	--	--	--	1.69B	1.67B	1.73B	1.97B	1.82B	1.82B	1.82B	2.16B	1.82B	1.75B	1.74B	1.94B	1.78B	1.72B	1.71B	1.93B	1.76B	1.67B	1.71B	1.98B	1.74B	1.86B	1.91B	2.10B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.98%	-2.20%	+5.39%	+8.22%	-1.61%	-2.75%	+0.32%	-0.48%	-4.42%	+0.07%	-4.30%	+3.36%	-0.81%	-2.01%	-2.94%	+2.93%	-3.38%	-0.79%	+0.61%	+0.98%	+5.87%	+1.87%	-2.17%	-1.17%

CHT

CHT fundamentals

CHT Q4 2025 Earnings

Earnings Call

You can ask Aime

CHT

CHT fundamentals

CHT Q4 2025 Earnings

Earnings Call

CHT Earnings Call Summary for Q4/20254:00 AM on Feb 3, 2026

CHT Earnings Call Summary for Q3/2025Invalid Date on Nov 6, 2025

CHT Earnings Call Summary for Q2/20253:00 AM on Aug 5, 2025

CHT Earnings Call Summary for Q1/20253:00 AM on May 8, 2025

CHT Earnings Call Summary for Q4/2024Invalid Date on Jan 23, 2025

You can ask Aime