HKBN ( (HKBNF) ) has released its Q2 earnings. Here is a breakdown of the information HKBN presented to its investors.
HKBN Ltd., a telecommunications and technology solutions provider, has reported its interim financial results for the six months ending February 2025. The company, which operates primarily in Hong Kong, offers a range of services including fixed telecommunications, international telecommunications, and mobile services to both residential and enterprise customers.
In its latest earnings report, HKBN Ltd. announced a slight decline in total revenue by 1% to HK$5,734 million, primarily due to weaker sales of handsets and other products. Despite this, the company saw a 5% increase in EBITDA to HK$1,206 million, driven by strong operational performance and strategic growth initiatives. Additionally, net profit surged from HK$1.5 million to HK$108 million, largely due to operational efficiencies and reduced finance costs.
Key financial highlights include a 4% increase in revenue excluding handset sales, a 2% rise in adjusted free cash flow to HK$126 million, and a 10% growth in enterprise solutions revenue. The company also declared an interim dividend of 15.5 cents per share, reflecting its commitment to shareholder returns.
Looking ahead, HKBN Ltd. remains focused on enhancing its competitive position through strategic partnerships and advanced technology solutions, including AI and digital transformation services. The company aims to capitalize on emerging opportunities in the Greater Bay Area and maintain its robust telecommunications infrastructure to drive long-term growth and shareholder value.