Taiwan's Top 3 Telcos Report May Earnings; Taiwan Mobile Remains EPS King

Taiwan's three major telecommunications companies have released their May profit figures. Taiwan Mobile's May EPS (Earnings Per Share) was NT$0.5, and its cumulative EPS for the first five months was NT$2.34, surpassing Chunghwa Telecom's NT$0.44 and NT$2.22, as well as Far EasTone's NT$0.37 and NT$1.76. This allowed Taiwan Mobile to reclaim the top spot for single-month EPS and maintain its lead for cumulative EPS for the first five months. Chunghwa Telecom's May revenue and EBITDA reached new highs for the same period, while Far EasTone showed high growth in both revenue and profit.

Chunghwa Telecom announced May self-consolidated revenue of NT$19.52 billion, net profit attributable to parent company owners of NT$3.36 billion, EBITDA of NT$7.77 billion, and an EPS of NT$0.44.

Chunghwa Telecom stated that thanks to the continued effectiveness of its dual growth engines—core telecom services and ICT business—along with sustained sales momentum for iPhones and sales growth from subsidiaries driven by strong AI market demand, its May consolidated revenue grew by 5.4% year-on-year, with both revenue and EBITDA setting record highs for the period.

In its ICT business, Chunghwa Telecom saw double-digit revenue growth in May, becoming a key driver for overall revenue. The progressive completion and delivery of AI server room construction projects contributed to ongoing revenue streams. At the same time, IDC and cloud business revenue grew by nearly 30% year-on-year. Additionally, the advancement of large-scale integration projects, such as tax systems, also boosted ICT business.

For its core telecom business, Chunghwa Telecom reported that mobile service revenue increased by 3.3% year-on-year in May, benefiting from 5G upgrade plans and rising demand for roaming services. In the fixed-line broadband business, the number of users on high-speed plans of 300Mbps or more grew by 14% year-on-year, and revenue increased by 3.4% compared to the same period last year.

Cumulatively for the first five months, Chunghwa Telecom's consolidated revenue was NT$100.01 billion, with a net profit attributable to parent company owners of NT$17.2 billion and an EPS of NT$2.22.

Taiwan Mobile's May self-consolidated revenue was NT$16.44 billion, with a post-tax net profit of NT$1.52 billion and an EPS of NT$0.5. The company's consolidated operating income in May increased by 21% year-on-year, and contributions from equity-method investments helped push the post-tax net profit up by 51%. Cumulatively for the first five months, consolidated revenue was NT$81.89 billion, with a post-tax net profit of NT$7.09 billion, up 24% year-on-year, and an EPS of NT$2.34.

Taiwan Mobile stated that its three major growth engines continued to perform well. In its core telecom business, as users upgraded to 5G, mobile service revenue grew by 3% year-on-year, and household business revenue also saw 9% annual growth. In the enterprise business, benefiting from the launch of its AI data center at the end of last year, revenue continues to be driven by the presence of NVIDIA Reference Platform Partner, GMI Cloud. In the technology business, momo's revenue grew by 4% year-on-year, marking three consecutive months of positive growth.

Far EasTone Telecommunications, driven by innovative rate plans boosting 5G upgrade demand, continued momentum from Mother's Day device sales, and steady growth in personal digital services and smart ICT businesses, reported May consolidated total revenue, consolidated EBITDA, and post-tax net profit of NT$9.502 billion, NT$3.372 billion, and NT$1.327 billion, respectively. These figures represent year-on-year growth rates of 13.7%, 7.7%, and 14.1%. The EPS reached NT$0.37, continuing its growth trajectory.

Cumulatively through May, Far EasTone's consolidated total revenue, consolidated EBITDA, and post-tax net profit were NT$46.846 billion, NT$16.742 billion, and NT$6.345 billion, with year-on-year growth rates of 9.0%, 6.6%, and 16.1%, respectively. The EPS was NT$1.76, indicating steady operational warming.