Chunghwa Telecom Posts Record High Revenue of NT$ 236.11 Billion and 8-Year High EPS of 4.99 for 2025, December Revenue Reaches NT$ 23.26 Billion

　　Chunghwa Telecom announced its unaudited consolidated results for December and the full-year 2025, delivering record-breaking performance in both revenue and profitability. Chunghwa’s full-year revenue for 2025 was NT$ 236.11 billion, reaching a record high and increasing by 2.7% year over year. Operating income rose 3.6% year over year to NT$ 48.55 billion, while income before tax increased 5.3% year over year to NT$ 50.26 billion. Net income attributable to stockholders of the parent company grew 4.0% year over year to NT$ 38.69 billion, while accumulated EPS was NT$4.99, up 4.0% year over year and hitting an 8-year high. For December 2025, total revenue was NT$ 23.26 billion, operating income was NT$ 3.43 billion, income before tax was NT$ 3.52 billion, net income attributable to stockholders of the parent company was NT$ 2.68 billion, and EBITDA was NT$ 6.86 billion. EPS was NT$0.35.

　　Mr. Chih-Cheng Chien, Chairman of Chunghwa Telecom, stated, "In 2025, supported by the collective efforts made by all employees and the management, we delivered outstanding financial results driven by growth across core telecom business, emerging ICT businesses, and subsidiaries’ contribution. For the full year, we achieved approximately 101.0% to 101.5% for revenues, 103.9% ~107.2% for operating income, 105.0% ~109.0% for income before tax, and 103.5% ~108.0% for EPS. All major financial metrics exceeded the high-end of guidance, surpassing investor’s expectation."

　　Mr. Rong-Shy Lin, President of Chunghwa Telecom highlighted, “In 2025, Chunghwa Telecom not only achieved six consecutive years of earnings growth, but also delivered the strongest performance in eight years. Total revenue once again surpassed 230.0 billion, reaching 236.11 billion and setting a new historical record. This remarkable financial performance reflects our continued focus on strengthening core business and active expansion of ICT sector.”

　　In 2025, our fixed broadband revenue and mobile service revenue grew 2.8% and 3.0% year over year, respectively, reinforcing our leadership with the largest market share. As of December 2025, total mobile subscribers reached 13.238 million, and postpaid ARPU rose by 4.5% year-over-year to NT$582, fueled by an increase in postpaid subscribers and 5G migration, demonstrating strong growth momentum. Meanwhile, with the successful speed upgrade strategy, our FTTx subscriber number reached 3.93 million, and those who opted for packages with speeds of 300 Mbps or higher rose by 13.3%, reaching 1.73 million, further contributing to robust growth in fixed broadband revenue.

　　Additionally, ICT services continued to deliver outstanding performance, serving as a key growth driver for the record-high full-year total revenue. Fueled by contributions from IDC and cloud services, cybersecurity solutions, and big data projects, ICT revenue grew 3.9% year-over-year. In particular, IDC and cloud services delivered remarkable success by reaching double-digit growth. Chunghwa continues to strengthen long-term partnerships by leveraging advanced technical expertise and strong project management capabilities, optimizing profitability, increasing recurring revenue, and building a solid foundation for sustainable growth.

(in NT$ billion)

Note 1: "Other income and expenses" includes gains (losses) on disposal of property, plant and equipment (PP&E) and investment property, and impairment loss on PP&E and investment property.

Note 2: The calculation of growth rates is based on NT$ thousand.

Financial Statements

Financial statements and additional operational data can be found on the Company’s website at http://www.cht.com.tw/en/home/cht/investors/financials/quarterly-earnings

NOTE CONCERNING FORWARD-LOOKING STATEMENTS

　　This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about Chunghwa’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to the risks outlined in Chunghwa’s filings with the U.S. Securities and Exchange Commission on Forms F-1, F-3, 6-K and 20-F, in each case as amended. The forward-looking statements in this press release reflect the current belief of Chunghwa as of the date of this press release and Chunghwa undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date, except as required under applicable law.

　　This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.

NON-GAAP FINANCIAL MEASURES

　　To supplement the Company’s consolidated financial statements presented in accordance with International Financial Reporting Standards pursuant to the requirements of the Financial Supervisory Commission, or T-IFRSs, Chunghwa Telecom also provides EBITDA, which is a "non-GAAP financial measure”.  EBITDA is defined as consolidated net income (loss) excluding (i) depreciation and amortization, (ii) total net comprehensive financing cost (which is comprised of net interest expense, exchange gain or loss, monetary position gain or loss and other financing costs and derivative transactions), (iii) other income, net, (iv) income tax, (v) (income) loss from discontinued operations.

　　In managing the Company’s business, Chunghwa Telecom relies on EBITDA as a means of assessing its operating performance because it excludes the effect of (i) depreciation and amortization, which represents a non-cash charge to earnings, (ii) certain financing costs, which are significantly affected by external factors, including interest rates, foreign currency exchange rates and inflation rates, which have little or no bearing on our operating performance, (iii) income tax (iv) other expenses or income not related to the operation of the business. 

CAUTIONS ON USE OF NON-GAAP FINANCIAL MEASURES

　　In addition to the consolidated financial results prepared under T-IFRSs, Chunghwa Telecom also provide non-GAAP financial measures, including “EBITDA”. The Company believes that the non-GAAP financial measures provide investors with another method for assessing its operating results in a manner that is focused on the performance of its ongoing operations.

　　Chunghwa Telecom’s management believes investors will benefit from greater transparency in referring to these non-GAAP financial measures when assessing the Company’s operating results, as well as when forecasting and analyzing future periods. However, the Company recognizes that:

• these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company’s T-IFRSs financial measures;
• lthese non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company’s T-IFRSs financial measures;
• lthese non-GAAP financial measures should not be considered to be superior to the Company’s T-IFRSs financial measures; and
• lthese non-GAAP financial measures were not prepared in accordance with T-IFRSs and investors should not assume that the non-GAAP financial measures presented in this earnings release were prepared under a comprehensive set of rules or principle.

　　Further, these non-GAAP financial measures may be unique to Chunghwa Telecom, as they may be different from non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company’s results to the results of other companies. Readers are cautioned not to view non-GAAP results as a substitute for results under T-IFRSs, or as being comparable to results reported or forecasted by other companies.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) (“Chunghwa” or “the Company”) is Taiwan’s largest integrated telecommunications services company that provides fixed-line, mobile, broadband, and internet services. The Company also provides information and communication technology services to corporate customers with its big data, information security, cloud computing and IDC capabilities, and is expanding its business into innovative technology services such as IoT, AI, etc. Chunghwa has been actively and continuously implemented environmental, social and governance (ESG) initiatives with the goal to achieve sustainability and has won numerous international and domestic awards and recognitions for its ESG commitments and best practices. For more information, please visit our website at www.cht.com.tw