Earnings call transcript: StarHub H1 2026 profit lifted by Ensign sale as core revenue falls
StarHub reported a significant decline in underlying first-half earnings due to intense price competition in Singapore's telecom market, despite a significant gain from the sale of part of its Ensign InfoSecurity stake. Revenue fell by 7% to SGD 744 million in H1 2026, while EBITDA decreased to SGD 158.6 million and underlying net profit fell to SGD 12.4 million.
The reported net profit rose to SGD 258.1 million, thanks to a SGD 245.7 million gain from the Ensign transaction. StarHub's mobile position remains number 2, and its broadband share is number 1, but the company is pushing customers towards higher-value 5G+ plans. Enterprise results were more resilient, with managed services growing 24% year on year and an order book growth of nearly 50% driven by government and enterprise contracts.
Revenue fell by 7% year on year, EBITDA declined, and underlying net profit remained weak. The stock was unchanged at $8.10, near the lower end of its 52-week range.
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