StarHub’s net earnings down 18.4% in Q1

Regional enterprise and broadband gains were offset by lower sales from other segments.

StarHub has reported a net profit after tax (NPAT) attributable to shareholders of $31.8m in the first quarter (Q1) of 2025, down 18.4% from last year.

In a bourse filing, the company said the lower net earnings were recorded following a 0.7% decline in service revenue, which settled to $464.0m. 

Broken down, StarHub logged 10% and 5% gains in its regional enterprise and broadband segments in Q1. However, these were offset by lower revenue contributions from mobile, entertainment, and cybersecurity due to the timing of project recognition.

The lower NPAT was also coupled with a 5.2% decline in earnings before interest, taxes, depreciation, and amortisation to settle at $100.2m. The company said this was due to lower gross profit from certain segment revenue declines, alongside higher operating expenditure from outsourcing costs and operating lease, offset by lower staff costs and R&M.