Far EasTone Telecommunications (4904) Q1 2026 earnings summary

Executive summary

• Achieved record-high Q1 revenue of TWD 27.81 billion, up 6.8% YoY, with all KPIs exceeding guidance and sustained revenue growth for 22 consecutive quarters.

• EBITDA reached TWD 10.08 billion, a historical high, with 6.3% YoY growth.

• Net income was TWD 3.71 billion, up 14.4% YoY, marking the highest quarterly result in 20 years.

Financial highlights

• Revenue: TWD 27.81 billion, 6.8% YoY growth; restated for ETC, 4% YoY growth.

• EBITDA: TWD 10.08 billion, up 6.3% YoY; EBITDA margin: 36.2%.

• Net income: TWD 3.71 billion, up 14.4% YoY; EPS: TWD 1.03, up 14.4% YoY; Net income margin: 13.3%.

• Operating income: TWD 4.90 billion, up 13.6% YoY.

• Free cash flow remains strong; YTD at TWD 8.69 billion; CapEx in line with 2026 guidance at TWD 9.6 billion.

Outlook and guidance

• CapEx for 2026 is on track at TWD 9.6 billion, with major focus on 5G SA network build-out and LEO satellite planning.

• Strategic investments in Smart Health, Cloud HIS, and Southeast Asia ICT expansion.

• Continued expansion of consumer service ecosystem and platform monetization.