Far EasTone Telecommunications (4904) Q2 2025 earnings summary

Executive summary

• Achieved record-high Q2 and first-half 2025 revenue, EBITDA, and net income, driven by 5G upgrades, digital services, and merger synergies.

• Q2 2025 net income reached an 11-year high at NT$3.37 billion, with EPS of NT$0.94, surpassing guidance.

• First half 2025 net income was NT$6.67 billion, up 8.9% year-over-year, with EPS at NT$1.83.

• The independent auditors' review found no material misstatements in the financial statements.

• Sustained growth in mobile, digital, and ICT segments, with strong post-merger performance.

Financial highlights

• Q2 2025 revenue was NT$25.23 billion (+1.0% YoY); first half revenue reached NT$51.27 billion (+1.1% YoY).

• Q2 EBITDA was NT$9.39 billion (+5.1% YoY); first half EBITDA was NT$18.9 billion (+5.8% YoY).

• Q2 net income was NT$3.37 billion (+8.1% YoY); first half net income was NT$6.67 billion (+8.9% YoY).

• Gross profit for the first half was NT$16.37 billion, with a gross margin of 32%.

• CapEx for the first half was NT$3.04 billion, in line with full-year guidance.

Outlook and guidance

• Revenue from delayed ICT projects is expected to be recognized in the second half of the year.

• Priorities for the second half include completing APT customer migration, launching new offerings, expanding digital services, and growing AI-enabled ICT business.

• Board approved NT$300 million investment in Enjoy Entertainment Limited Partnership and NT$500 million donation to Yuan Ze University for a new medical school branch.