NYSE$CHT

Chunghwa Telecom Co. Ltd · Q4 2025 earnings

Q4 2025 earnings · · Investor relations

Briefing

Chunghwa Telecom Q4 2025: NT$65.7B revenue (+0.5%), EPS NT$1.20; full-year guidance exceeded

Chunghwa Telecom reported unaudited consolidated results for the fourth quarter and full year ended December 31, 2025. Fourth quarter total revenue increased 0.5% to NT$65.65 billion, the highest fourth-quarter revenue in nearly a decade, with net income attributable to shareholders up 3.2% to NT$9.29 billion and basic EPS of NT$1.20, a ten-year high for Q4. Full year 2025 revenue rose 2.7% to NT$236.11 billion, an all-time high, with net income of NT$38.69 billion and EPS of NT$4.99, an eight-year high. All full-year metrics exceeded the high end of guidance. Consumer Business Group revenue grew 5.9% in Q4 while Enterprise Business Group revenue declined 7.9% as major ICT projects were recognized in prior quarters.

  • Q4 revenue NT$65.65B (+0.5% YoY); net income NT$9.29B (+3.2%); EPS NT$1.20 — both Q4 figures at multi-year highs.
  • Full year 2025 revenue NT$236.11B (+2.7%), operating income NT$48.55B (+3.6%), net income NT$38.69B (+4.0%), EPS NT$4.99 — all above guidance high end.
  • Consumer Business Group Q4 revenue NT$39.54B (+5.9%) on mobile momentum and broadband ARPU; mobile revenue share reached 41%.
  • Enterprise Business Group Q4 revenue NT$22.02B (-7.9%) as ICT project recognition shifted; IDC, big data and 5G private network segments remain strong.
  • 2026 guidance: revenue NT$241.99–243.68B (+2.5–3.2%), net income NT$37.39–38.94B, EPS NT$4.82–5.02; capex rising on submarine cables and satellite networks.

Headline financials

Total Revenue

NT$65.7B

No prior period
EPS (adj)

NT$1.20

No prior period
EBITDA (H1)

NT$21.6B

No prior period
EBITDA Margin

32.8%

No prior period
Mobile Subscribers

13.2M

No prior period
Mobile Post-Paid ARPU (ex IoT)

NT$572.00

No prior period
Net Income

NT$9.29B

No prior period
Operating Income

NT$11.4B

No prior period

Revenue & EPS history

Chunghwa Telecom · Revenue · Quarterly

NT$113B

H12025
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Revenue by segment

Chunghwa Telecom · NT$64.1B total across 3 segments · Q4 2025

  • Consumer Business Group
    NT$39.5B
  • Enterprise Business Group
    NT$22B
  • International Business Group
    NT$2.56B

Forward guidance

For 2026, Chunghwa expects revenue of NT$241.99–243.68 billion (+2.5–3.2%), operating income NT$48.14–49.66 billion, net income NT$37.39–38.94 billion and EPS NT$4.82–5.02, with property/plant/equipment acquisition rising NT$4.07B to NT$31.91B for submarine cables, satellites and AI data centers.

Tailwinds

  • Multi-orbit satellite services (OneWeb, SES, Astranis) expected to drive billion-NT-dollar growth in 2026
  • Pre-6G AIoT, satellite and big data combined revenues expected to surpass NT$10B in 2026
  • SJC2 and Apricot submarine cable completions boosting international fixed-line revenue

Headwinds

  • Enterprise Q4 revenue declined 7.9% on ICT project timing; 3G equipment impairment fully recognized
  • 2026 net income guidance range includes potential slight decline at the low end vs 2025

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.2%

Avg return

30 days after

49%

30 / 61 earnings

Positive

+3.0%

Q4 2021

Best reaction

-3.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.0%+0.8%+3.4%
Q3 2025-1.3%+0.5%-0.9%
H1 2025+0.3%+0.9%+4.8%
Q2 2024-0.4%+1.9%+4.7%
Q1 2024+0.7%+1.5%+4.2%
Q4 2023-2.1%-0.5%-1.5%
Q3 2023+1.8%+1.5%+6.2%
Q2 2023+0.7%-0.2%-1.5%
Q1 2023+0.0%-1.8%-1.3%
Q4 2022-0.1%-1.3%+2.2%
Q3 2022-2.4%-2.4%+5.2%
Q2 2022+0.1%+0.0%+0.2%
Q1 2022-3.9%-2.9%-1.1%
Q4 2021+3.0%+2.7%+6.1%
Q3 2021+0.0%-0.2%+2.7%
Q2 2021+0.7%+2.0%-4.4%
Q1 2021-0.9%+0.2%+1.1%
Q4 2020+0.1%+0.7%+2.4%
Q3 2020+2.1%+2.0%+2.6%
Q2 2020+0.6%-0.1%+1.3%
Q1 2020-2.0%-1.3%-0.6%
Q4 2019-0.8%-1.8%-1.5%
Q3 2019-0.1%+1.1%+1.6%
Q2 2019-1.8%-2.7%-0.4%
Q1 2019+0.8%+0.9%-0.6%
Q4 2018+1.3%+1.4%+0.0%
Q3 2018-1.8%-3.2%-1.9%
Q2 2018-0.7%-0.5%+1.3%
Q1 2018+0.8%-0.5%-2.5%
Q4 2017+1.8%-0.6%+1.1%
Q3 2017+0.7%+0.2%+2.7%
Q2 2017-0.6%-1.0%+0.0%
Q1 2017-0.5%+0.8%+4.9%
Q4 2016-0.4%-0.7%+4.4%
Q3 2016-1.0%-2.3%-4.2%
Q2 2016+3.0%+2.5%+1.6%
Q1 2016-0.6%
Q4 2015-1.6%
Q3 2015+1.4%
Q2 2015+1.3%
Q1 2015+0.5%
Q4 2014-0.2%
Q3 2014-0.0%
Q2 2014-0.3%
Q1 2014+0.3%
Q4 2013-0.5%
Q3 2013+0.4%
Q2 2013+0.6%
Q1 2013-0.4%
Q4 2012-0.7%
Q3 2012+0.2%
Q2 2012+0.3%
Q1 2012-0.4%
Q4 2011-1.0%
Q3 2011-0.8%
Q2 2011+2.8%
Q1 2011+1.0%
Q4 2010-0.2%
Q3 2010+0.5%
Q2 2010+1.9%
Q1 2010+1.8%

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