(Hong Kong – 31 October 2025) HKBN Ltd. (“HKBN” or the “Company”; SEHK stock code: 1310) today announced its operational performance and financial results for the year ended 31 August 2025 (“FY25”). Amid a challenging macroeconomic environment, the Group achieved robust growth in its core businesses and continued to create value through diversification, driven by exceptional operational efficiency and strategic execution.

ANNOUNCEMENT HIGHLIGHTS

• Total revenue showed a strong performance, with a 4% year-on-year growth to $11,129 million. A notable highlight was a 7% increase in core service revenue, after excluding mobile device and other product sales.
• EBITDA increased by 4% to $2,451 million, due to strong operational performance and strategic initiatives targeted at driving growth.
• Adjusted free cash flow increased by 9% to $677 million, contributed by higher EBITDA and savings in interest and income tax paid.
• Net profit surged from $10 million to $207 million, primarily driven by stronger EBITDA performance and lower finance costs.
• In consideration of the Company’s dividend policy and anticipated capital expenditure needs to drive long-term shareholder value, the Board has resolved to declare a final dividend of 18.9 cents per share (FY24: 16.5 cents per share).

Mr. Li Xin, HKBN Executive Director and Group Chief Executive Officer, said, “Leveraging our solid network infrastructure built over the years, market-leading service capabilities, and profound customer relationships, HKBN has seized opportunities amid challenges to drive higher growth. Looking ahead, we are confident that we will continue to innovate, promote Hong Kong’s digital transformation, and generate long-term value for our stakeholders.”

Enterprise Solutions: Strong Demand for Digital Transformation, Technology Upgrades Strengthen Market Leadership

The Enterprise Solutions business continued to serve as a key growth engine, with revenue increasing by 15% to $5,531 million. To capitalise on opportunities in the AI era, HKBN has fully upgraded its dedicated private network service, MetroNet, to 100Gbps, providing enterprise customers with unprecedented network capacity to support critical applications such as generative AI, cloud computing, and ultra-high-definition video, further strengthening its competitive edge.

Residential Solutions: Deepening the “Infinite-Play” Strategy, Enhancing User Value

The Residential Solutions business delivered stable performance, with revenue remaining steady at $2,333 million, supported by stable customer retention and strategic service enhancements. The total number of residential broadband subscriptions reached 907,000, while network coverage expanded by 2% to 2.65 million households across Hong Kong. The stable revenue was attributed to the “Infinite-Play” strategy. Through partnerships with top-tier content platforms such as Netflix, Disney+, myTV SUPER, iQIYI, and the addition of HBO Max, the Group continued to enrich its entertainment ecosystem, enhancing user engagement and driving a 2% increase in residential average revenue per user to $186.

Entering FY26, HKBN is strategically positioned to drive sustainable, high-quality growth through substantial infrastructure investments and strategic partnerships. Benefiting from a favourable interest rate environment and the financial flexibility of a Sustainability-Linked Loan, the Group is confident in further reducing financing costs and enhancing profitability.

For details on HKBN’s FY2025 annual results, please refer to the relevant announcement:
https://reg.hkbn.net/WwwCMS/upload/pdf/en/e_FY25_AnnualResultsAnnouncement.pdf

Photo caption: HKBN leverages strategic advantages to drive sustainable growth, achieving robust results in FY2025.