Hutchison Telecommunications Hong Kong Holdings (215) investor relations material

Executive summary

• Revenue grew 32% year-over-year to HK$2,846 million for the six months ended 30 June 2026, driven by hardware sales and service revenue expansion.

• Net customer service revenue increased 6% year-over-year to HK$1,866 million, with stable EBITDA at HK$763 million.

• Profit attributable to shareholders was HK$11 million, including a HK$2 million profit from Macau operations sold in January 2026.

• Interim dividend declared at 2.28 HK cents per share, consistent with the prior year.

• Disposal of Macau business completed in January 2026; Group now focused on Hong Kong mobile telecommunications.

Financial highlights

• Hardware and other product revenue surged 150% year-over-year, reflecting strong demand for flagship devices.

• Roaming service revenue grew 25% year-over-year, surpassing pre-pandemic levels by 43%.

• Operating expenses decreased 8% year-over-year to HK$594 million, and capex (excluding licences) was HK$169 million, down 2%.

• Net cash position remained strong at HK$3,748 million as of 30 June 2026, with a debt-free balance sheet.

• EBIT up 6% to HK$18 million; profit from Hong Kong operations was HK$9 million, down 47% year-over-year due to lower net interest income.

Outlook and guidance

• Plans to strengthen 5G leadership through ecosystem expansion and differentiated lifestyle-centric offerings.

• Focus on youth market penetration, global connectivity, and enterprise digital transformation.

• Intends to scale AI, IoT, cybersecurity, and digital services to diversify revenue streams and drive long-term growth.

• Group will focus on cost discipline, operational efficiency, and diversifying revenue streams through AI-driven and segmented solutions.

• Commitment to advancing sustainability priorities and long-term value creation.