Broadband provider HKBN FY revenue rises on enterprise solutions growth

HKBN

27/10/2026 08:42

Overview
Hong Kong telecoms provider's revenue rose 6% for the twelve months ended 31 Aug 2026
Net profit for the period increased 53%, aided by lower finance costs
Company did not declare a second interim dividend due to change in financial year end

Outlook
Company plans to increase capital investment in network expansion and AI-driven digital transformation
Company aims to grow GigaFast broadband subscriber base in household and SME markets
Company to deepen Infinite-Play strategy and expand into gerontechnology, insurance, healthcare and smart living

Result Drivers
ENTERPRISE SOLUTIONS - Revenue from enterprise solutions rose 11% to HK$8.17 bln, driven by strong market demand and the launch of the HKBN AI+ enterprise platform
RESIDENTIAL BROADBAND - Residential broadband subscriptions and network coverage expanded, with GigaFast broadband customers up 40% year-on-year, supporting stable revenue in the segment
FINANCE COSTS - Net profit increased partly due to a 22% reduction in finance costs, mainly from lower interest expenses on bank loans and interest-rate swaps

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
HK$11.82 bln
HK$11.52 bln (1 Analyst)

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the wireless telecommunications services peer group is "buy."
Wall Street's median 12-month price target for HKBN Ltd is HK$7.30, about 30.4% above its October 26 closing price of HK$5.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)