(Hong Kong - 24 April 2026) HKBN Ltd. (“HKBN” or the “Company”; SEHK stock code: 1310) today announced its operational and financial results for the six months ended 28 February 2026 (“1H2026”). The Group demonstrated exceptional business resilience and strategic execution. Despite ongoing geopolitical uncertainties and a challenging macroeconomic environment, the Group’s total revenue recorded steady growth, underscoring the competitive strength of its business model.

ANNOUNCEMENT HIGHLIGHTS

• Total revenue showed a strong performance, increasing by 5.1% to $6,029 million. Notably, after excluding handsets and other product sales, core service revenue grew by 8%.
• EBITDA increased by 4.2% to $1,257 million, attributable to strategic initiatives aimed at driving growth and benefiting from strong operational performance.
• Adjusted free cash flow grew by 24.5% to $157 million, attributable to improved EBITDA and reduced bank loan interest payments.
• Net profit amounted to $108 million. During the period, the financing structure was optimised. Although the early retirement of banking facilities incurred a one‑off expense, interest expenses were significantly reduced, while the core business remained resilient with strong profitability.
• 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 an interim dividend of 15.5 cents per share (28 February 2025: 15.5 cents per share).

Mr. Li Xin, HKBN Executive Director and Group Chief Executive Officer, said, “Today, HKBN is more confident and capable than ever in becoming a leading force in digital services. We will continue to deepen our strategic synergies, accelerate the integration of AI into our core business, and leverage our ample resources and proactive approach to drive digital infrastructure development, creating long-term value for our stakeholders.”

Enterprise Solutions: Integrating Telecom and Technology Expertise to Drive Revenue Growth

As the Group’s core growth engine, Enterprise Solutions revenue grew significantly by 11% to $3,820 million, reflecting strong market demand for digital solutions. As enterprises accelerate their digital transformation, HKBN’s expertise in AI is delivering substantial value and further consolidating the Group’s market leadership.

Following the strategic launch of GigaFast broadband services last year – offering high-speed connectivity ranging from 2.5Gbps to 25Gbps, the number of enterprise customers using GigaFast broadband services has surpassed 18,000, representing a 2.1-fold year-on-year increase. This flagship service has not only positioned Hong Kong at the forefront of the multi-gigabit era but also laid a solid foundation for its smart city development.

Residential Solutions: "Fibre In, Copper Out" Network Upgrade Strategy Enhancing Customer Experience

The Residential Solutions business maintained stable growth, with revenue remaining steady at $1,158 million. The "Fibre In, Copper Out" network upgrade initiative is in full swing, leveraging GigaFast ultra-high-speed broadband to significantly improve customer satisfaction and loyalty.

The total number of residential broadband subscribers reached 916,000, while GigaFast broadband customers increased by 42.7% year-on-year to nearly 114,000. Network coverage expanded by 1.7% to 2.66 million households across Hong Kong, further solidifying the Group’s leadership in the city’s residential broadband market.

Residential Solutions’s unique “Infinite-Play” strategy has delivered proven results, not only enhancing user engagement but also driving a 2.8% increase in Average Revenue Per Household to $218.

For more details about HKBN’s results in 1H2026, please refer to the announcement:
https://reg.hkbn.net/WwwCMS/upload/pdf/en/e_FY26_InterimResultsAnnouncement.pdf

Photo caption: HKBN delivers strong FY2026 interim results through strategic advantages and synergistic growth.