StarHub CC3
Financials
StarHub Ltd Annual Report 2025
Explore the statements
33 tablesStatement of Financial Position as at 31 December 2025
40 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment$m | 616.0 | 634.5 | 346.1 | 355.3 | PDF p. 114 |
| Intangible assets$m | 925.2 | 750.6 | 113.7 | 93.6 | PDF p. 114 |
| Right-of-use assets$m | 115.1 | 119.4 | 77.6 | 95.9 | PDF p. 114 |
| Subsidiaries$m | – | – | 3,435.0 | 3,354.0 | PDF p. 114 |
| Associate$m | 33.8 | 30.0 | 27.8 | 27.8 | PDF p. 114 |
| Joint venture$m | 24.5 | 21.1 | – | – | PDF p. 114 |
| Other investment$m | 0.3 | 1.6 | 0.3 | 1.6 | PDF p. 114 |
| Contract assets$m | 24.0 | 31.4 | – | 1.9 | PDF p. 114 |
| Contract costs$m | 4.0 | 2.8 | 0.4 | 0.4 | PDF p. 114 |
| Other receivables and prepayments$m | 0.2 | 2.7 | 6.1 | 8.6 | PDF p. 114 |
| Non-current assets subtotal | |||||
| Subtotal$m | 1,743.1 | 1,594.1 | 4,007.0 | 3,939.1 | PDF p. 114 |
| Current assets | |||||
| Inventories$m | 36.5 | 47.0 | 4.4 | 4.6 | PDF p. 114 |
| Contract assets$m | 448.3 | 377.9 | 38.1 | 21.0 | PDF p. 114 |
| Contract costs$m | 26.7 | 13.8 | 1.4 | 1.4 | PDF p. 114 |
| Trade receivables$m | 312.4 | 289.4 | 190.4 | 171.0 | PDF p. 114 |
| Other receivables, deposits and prepayments$m | 164.1 | 235.8 | 60.9 | 52.4 | PDF p. 114 |
| Amounts due from related parties$m | 15.8 | 23.1 | 252.2 | 232.5 | PDF p. 114 |
| Cash and cash equivalents$m | 857.1 | 539.6 | 688.5 | 360.8 | PDF p. 114 |
| Current assets subtotal | |||||
| Subtotal$m | 1,860.9 | 1,526.6 | 1,235.9 | 843.7 | PDF p. 114 |
| Current liabilities | |||||
| Contract liabilities$m | (121.7) | (89.1) | (59.7) | (38.4) | PDF p. 114 |
| Trade and other payables$m | (793.0) | (753.2) | (328.1) | (321.7) | PDF p. 114 |
| Amounts due to related parties$m | (33.2) | (37.4) | (385.6) | (554.2) | PDF p. 114 |
| Borrowings$m | (300.0) | (447.5) | (300.0) | (367.5) | PDF p. 114 |
| Lease liabilities$m | (25.9) | (40.0) | (9.7) | (13.1) | PDF p. 114 |
| Provision for taxation$m | (18.7) | (7.1) | (14.7) | – | PDF p. 114 |
| Current liabilities subtotal | |||||
| Subtotal$m | (1,292.5) | (1,374.3) | (1,097.8) | (1,294.9) | PDF p. 114 |
| Net current assets/(liabilities) | |||||
| Net current assets/(liabilities)$m | 568.4 | 152.3 | 138.1 | (451.2) | PDF p. 114 |
| Non-current liabilities | |||||
| Contract liabilities$m | (39.1) | (50.8) | (39.1) | (50.8) | PDF p. 114 |
| Trade and other payables$m | (62.1) | (50.0) | (35.2) | (26.7) | PDF p. 114 |
| Borrowings$m | (1,363.5) | (687.6) | (1,363.5) | (687.6) | PDF p. 114 |
| Lease liabilities$m | (96.1) | (85.6) | (71.4) | (85.6) | PDF p. 114 |
| Deferred tax liabilities$m | (109.1) | (105.2) | (61.3) | (57.9) | PDF p. 114 |
| Non-current liabilities subtotal | |||||
| Subtotal$m | (1,669.9) | (979.2) | (1,570.5) | (908.6) | PDF p. 114 |
| Net assets | |||||
| Net assets$m | 641.6 | 767.2 | 2,574.6 | 2,579.3 | PDF p. 114 |
| Equity | |||||
| Share capital$m | 299.7 | 299.7 | 299.7 | 299.7 | PDF p. 114 |
| Reserves$m | 0.9 | 108.3 | 2,074.7 | 2,079.7 | PDF p. 114 |
| Perpetual capital securities$m | 200.2 | 199.9 | 200.2 | 199.9 | PDF p. 114 |
| Equity attributable to owners and perpetual capital securities holders$m | 500.8 | 607.9 | 2,574.6 | 2,579.3 | PDF p. 114 Label p. 114 |
| Non-controlling interests$m | 140.8 | 159.3 | – | – | PDF p. 114 |
| Total equity$m | 641.6 | 767.2 | 2,574.6 | 2,579.3 | PDF p. 114 |
Definitions & sources
Original report: PDF p. 114 ↗
Consolidated Income Statement
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$m | 2,352.8 | 2,367.7 | PDF p. 115 |
| Operating expenses$m | (2,216.2) | (2,146.7) | PDF p. 115 |
| Other income$m | 20.8 | 3.4 | PDF p. 115 |
| Profit from operations$m | 157.4 | 224.4 | PDF p. 115 |
| Finance income$m | 12.5 | 19.6 | PDF p. 115 |
| Finance expense$m | (43.1) | (43.0) | PDF p. 115 |
| Net finance costs$m | (30.6) | (23.4) | PDF p. 115 |
| Non-operating income$m | – | 3.2 | PDF p. 115 |
| Non-operating expenses$m | (15.5) | (3.6) | PDF p. 115 |
| Share of result of associate, net of tax$m | 4.2 | 1.8 | PDF p. 115 |
| Share of result of joint venture, net of tax$m | 3.4 | 2.9 | PDF p. 115 |
| Income statement subtotal | |||
| Subtotal$m | (7.9) | 4.3 | PDF p. 115 |
| Income statement | |||
| Profit before taxation$m | 118.9 | 205.3 | PDF p. 115 |
| Taxation$m | (27.3) | (37.1) | PDF p. 115 |
| Profit for the year$m | 91.6 | 168.2 | PDF p. 115 |
| Profit attributable to | |||
| Owners of the Company$m | 86.4 | 160.6 | PDF p. 115 |
| Non-controlling interests$m | 5.2 | 7.6 | PDF p. 115 |
| Profit for the year$m | 91.6 | 168.2 | PDF p. 115 |
| Earnings per share (in cents) | |||
| – Basiccents per share | 4.5 | 8.9 | PDF p. 115 |
| – Dilutedcents per share | 4.5 | 8.8 | PDF p. 115 |
| Income statement | |||
| EBITDA$m | 403.6 | 460.3 | PDF p. 115 |
Definitions & sources
Original report: PDF p. 115 ↗
Consolidated Statement of Comprehensive Income
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Comprehensive income | |||
| Profit for the year$m | 91.6 | 168.2 | PDF p. 116 |
| Other comprehensive income, items that will not be reclassified to profit or loss | |||
| Gain on disposal of rights issues of equity investment at FVOCI$m | – | 0.1 | PDF p. 116 |
| Change in fair value of equity investments at FVOCI, net of taxation$m | (1.3) | (1.9) | PDF p. 116 |
| Other comprehensive income, items that will not be reclassified to profit or loss subtotal | |||
| Subtotal$m | (1.3) | (1.8) | PDF p. 116 |
| Other comprehensive income, items that are or may be reclassified subsequently to profit or loss | |||
| Share of other comprehensive income of associate$m | (0.5) | (0.6) | PDF p. 116 |
| Foreign currency translation differences$m | 4.1 | (0.4) | PDF p. 116 |
| Effective portion of changes in fair value of cash flow hedges, net of taxation$m | (6.1) | 5.7 | PDF p. 116 |
| Other comprehensive income, items that are or may be reclassified subsequently to profit or loss subtotal | |||
| Subtotal$m | (2.5) | 4.7 | PDF p. 116 |
| Comprehensive income | |||
| Other comprehensive income for the year, net of taxation$m | (3.8) | 2.9 | PDF p. 116 |
| Total comprehensive income for the year$m | 87.8 | 171.1 | PDF p. 116 |
| Total comprehensive income attributable to | |||
| Owners of the Company$m | 82.4 | 163.3 | PDF p. 116 |
| Non-controlling interests$m | 5.4 | 7.8 | PDF p. 116 |
| Total comprehensive income for the year$m | 87.8 | 171.1 | PDF p. 116 |
Definitions & sources
Original report: PDF p. 116 ↗
Profitability and EBITDA highlights
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | 2025Incr/(Decr); $m; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Profitability | ||||
| Total revenue$m | 2,352.8 | 2,367.7 | (14.9) | PDF p. 49 |
| Operating expenses$m | (2,216.2) | (2,146.7) | 69.6 | PDF p. 49 |
| Other income$m | 20.8 | 3.4 | 17.4 | PDF p. 49 |
| Profit from operations$m | 157.4 | 224.4 | (67.0) | PDF p. 49 |
| Non-operating income$m | - | 3.2 | (3.2) | PDF p. 49 |
| Non-operating expenses$m | (15.5) | (3.5) | 12.0 | PDF p. 49 |
| Finance income$m | 12.5 | 19.7 | (7.2) | PDF p. 49 |
| Finance expense$m | (43.1) | (43.0) | 0.1 | PDF p. 49 |
| Subtotal$m | 111.2 | 200.7 | (89.5) | PDF p. 49 |
| Share of gain of associate, net of tax$m | 4.3 | 1.7 | 2.6 | PDF p. 49 |
| Share of gain of joint venture, net of tax$m | 3.4 | 2.9 | 0.5 | PDF p. 49 |
| Profit before taxation$m | 118.9 | 205.3 | (86.4) | PDF p. 49 |
| Taxation$m | (27.3) | (37.2) | (9.8) | PDF p. 49 |
| Profit for the year$m | 91.5 | 168.1 | (76.6) | PDF p. 49 |
| EBITDA$m | 403.6 | 460.3 | (56.7) | PDF p. 49 |
| Service EBITDA$m | 378.2 | 434.7 | (56.4) | PDF p. 49 |
| Service revenue$m | 2,002.2 | 2,028.9 | (26.7) | PDF p. 49 |
Definitions & sources
Original report: PDF p. 49 ↗
Header text: “Year ended 31 December”; change columns are printed as “Incr/(Decr)” with $m and % units. “Numbers may not add up due to rounding”; “nm – not meaningful”. The unlabelled subtotal row after Finance expense is preserved with an empty original_label and section Profitability.
The report defines EBITDA in Note 30 as a supplementary indicator not governed by SFRS(I) and provides its definition on physical page 174.
The source reports “nm” for percentage change where not meaningful; the amount table preserves the three $m columns only.
Service EBITDA as a percentage of service revenue
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; percentage of service revenue | 2024Group; percentage of service revenue | 2025Change; percentage points; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Profitability | ||||
| Service EBITDA as a % of service revenue%, percentage points | 18.9 | 21.4 | -2.5 | PDF p. 49 |
Definitions & sources
Original report: PDF p. 49 ↗
Source labels the change column “-2.5% pts”.
Group net debt to EBITDA
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; as at 31 December 2025; times | 2024Group; as at 31 December 2024; times | Source |
|---|---|---|---|
| Gearing | |||
| Net debt to EBITDAtimes | 2.00 | 1.29 | PDF p. 53 |
Definitions & sources
Original report: PDF p. 53 ↗
Net debt to EBITDA and interest cover comparison
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; as at 31 December 2025 | 2025Regional peers; average | Source |
|---|---|---|---|
| Gearing | |||
| net debt to EBITDAtimes | 2.00 | 2.5 | PDF p. 93 Label p. 93 |
| Interest covertimes | 9.4 | 8.8 | PDF p. 93 |
Definitions & sources
Original report: PDF p. 93 ↗
Dividends paid by the Company to owners and subsidiary distributions to NCI
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company; $m | 2024Group and Company; $m | Source |
|---|---|---|---|
| Dividends paid by the Company to owners of the Company | |||
| Final dividend of $0.032 (2024: $0.042) per share (1-tier tax exempt) paid in respect of the previous financial year$m total dividend amount; stated rate per share | 55.1 | 72.1 | PDF p. 175 Label p. 175 |
| Interim dividends of $0.030 (2024: $0.030) per share (1-tier tax exempt) paid in respect of the current financial year$m total dividend amount; stated rate per share | 51.6 | 51.7 | PDF p. 175 Label p. 175 |
| Subtotal$m | 106.7 | 123.8 | PDF p. 175 |
| Dividends paid by a subsidiary to NCI | |||
| Final dividend of $0.606 (2024: $0.314) per share (1-tier tax exempt) paid in respect of the previous financial year$m total dividend amount; stated rate per share | 1.6 | 0.7 | PDF p. 175 Label p. 175 |
| In 2024, Interim dividends of $2.188 per share (1-tier tax exempt) paid in respect of the current financial year$m total dividend amount; stated rate per share | – | 4.7 | PDF p. 175 Label p. 175 |
| Subtotal$m | 1.6 | 5.4 | PDF p. 175 |
Definitions & sources
Original report: PDF p. 175 ↗
All dividends in this table are printed as $m amounts. The per-share amounts and tax status are preserved in the original labels. Proposed FY2025 final dividend: “The directors have proposed a final dividend of $0.030 (2024: $0.032) per share, tax exempt (one tier), totalling $51.6 million (2024: $55.0 million) in respect of the financial year ended 31 December 2025. This proposed final tax exempt dividend has not been recognised as at year end and will be submitted for shareholders’ approval at the forthcoming Annual General Meeting of the Company in 2026.” This is from physical page 190. The chairman’s message says the total FY2025 dividend is 6.0 cents per share (physical page 10).
Consolidated Cash Flow Statement
46 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | Source |
|---|---|---|---|
| Cash flow from operating activities | |||
| Profit before taxation$m | 118.9 | 205.3 | PDF p. 121 |
| Depreciation and amortisation$m | 246.2 | 235.9 | PDF p. 121 |
| Share-based payments$m | 5.0 | 6.1 | PDF p. 121 |
| Net finance costs$m | 30.6 | 23.4 | PDF p. 121 |
| Gain on disposal of plant and equipment and intangible assets$m | (0.3) | (0.3) | PDF p. 121 |
| Non-operating income$m | – | (3.2) | PDF p. 121 |
| Gain on disposal of subsidiary$m | – | (0.2) | PDF p. 121 |
| Share of profit of associate, net of tax$m | (4.2) | (1.8) | PDF p. 121 |
| Share of profit of joint venture, net of tax$m | (3.4) | (2.9) | PDF p. 121 |
| Cash flow from operating activities; adjustments subtotal | |||
| Subtotal$m | 392.8 | 462.3 | PDF p. 121 |
| Cash flow from operating activities | |||
| Inventories$m | 10.5 | (0.1) | PDF p. 121 |
| Contract assets$m | (63.0) | (52.9) | PDF p. 121 |
| Contract costs$m | (14.1) | 0.3 | PDF p. 121 |
| Trade receivables$m | (25.6) | (11.1) | PDF p. 121 |
| Other receivables, deposits and prepayments$m | 1.2 | (21.4) | PDF p. 121 |
| Contract liabilities$m | 20.9 | 7.6 | PDF p. 121 |
| Trade and other payables$m | 38.5 | 27.8 | PDF p. 121 |
| Amounts due from related parties$m | 7.3 | (3.8) | PDF p. 121 |
| Amounts due to related parties$m | (4.2) | 3.1 | PDF p. 121 |
| Cash generated from operations$m | 364.3 | 411.8 | PDF p. 121 |
| Income tax paid$m | (9.8) | (50.6) | PDF p. 121 |
| Net cash from operating activities$m | 354.5 | 361.2 | PDF p. 121 |
| Cash flow from investing activities | |||
| Interest received$m | 12.5 | 19.8 | PDF p. 121 |
| Proceeds from disposal of property, plant and equipment and intangible assets$m | 1.3 | 0.7 | PDF p. 121 |
| Purchase of property, plant and equipment and intangible assets$m | (378.5) | (199.1) | PDF p. 121 |
| Proceeds from disposal of held for sale group$m | – | 76.6 | PDF p. 121 |
| Sale of rights in equity investment$m | – | 0.1 | PDF p. 121 |
| Net cash used in investing activities$m | (364.7) | (101.9) | PDF p. 121 |
| Cash flow from financing activities | |||
| Payment of lease liabilities$m | (29.0) | (33.1) | PDF p. 121 |
| Proceeds from issuance of perpetual capital securities$m | 199.3 | – | PDF p. 121 |
| Repayment of perpetual capital securities$m | (200.0) | – | PDF p. 121 |
| Proceeds from issuance of medium term notes$m | 300.0 | – | PDF p. 121 |
| Proceeds from borrowings$m | 800.0 | 19.8 | PDF p. 121 |
| Repayment of borrowings$m | (568.2) | (28.8) | PDF p. 121 |
| Dividend paid to owners of the Company$m | (106.7) | (123.8) | PDF p. 121 |
| Dividend paid to non-controlling interest$m | (1.7) | (5.4) | PDF p. 121 |
| Purchase of treasury shares$m | – | (0.4) | PDF p. 121 |
| Perpetual capital securities distribution paid (Note 21)$m | (7.9) | (7.9) | PDF p. 121 |
| Acquisition of additional interest in subsidiary (Note 7)$m | (20.0) | – | PDF p. 121 |
| Acquisition of subsidiary with non-controlling interest$m | – | (3.7) | PDF p. 121 |
| Interest paid$m | (39.8) | (39.1) | PDF p. 121 |
| Net cash from/(used in) financing activities$m | 326.0 | (222.4) | PDF p. 121 |
| Net change in cash and cash equivalents$m | 315.8 | 36.9 | PDF p. 121 |
| Cash and cash equivalents at beginning of year$m | 535.2 | 497.9 | PDF p. 121 |
| Effect of exchange rate fluctuations$m | (0.3) | 0.4 | PDF p. 121 |
| Cash and cash equivalents at end of year (Note 14)$m | 850.7 | 535.2 | PDF p. 121 |
Definitions & sources
Original report: PDF p. 121 ↗
Statements of Changes in Equity — Group — 2025 (columns 1–9)
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; Share capital | 2025Group; Treasury shares | 2025Group; Capital reserve | 2025Group; Goodwill written off | 2025Group; Share-based payments reserve | 2025Group; Fair value reserve | 2025Group; Hedging reserve | 2025Group; Translation reserve | 2025Group; Retained profits | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Group | ||||||||||
| At 1 January 2025$m | 299.7 | (14.6) | (9.2) | (276.3) | 11.5 | (38.9) | 4.4 | (0.2) | 431.6 | PDF p. 117 |
| Profit for the year$m | – | – | – | – | – | – | – | – | 86.4 | PDF p. 117 |
| Change in fair value of equity investments at FVOCI, net of taxation$m | – | – | – | – | – | (1.3) | – | – | – | PDF p. 117 Label p. 117 |
| Share of other comprehensive income of associate, net of tax$m | – | – | – | – | – | – | (0.5) | – | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; translation differences | ||||||||||
| Foreign currency translation differences$m | – | – | – | – | – | – | – | 3.9 | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group | ||||||||||
| Effective portion of changes in fair value of cash flow hedges, net of taxation$m | – | – | – | – | – | – | (6.1) | – | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; income for the year | ||||||||||
| Total comprehensive income for the year$m | – | – | – | – | – | (1.3) | (6.6) | 3.9 | 86.4 | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group | ||||||||||
| Accrued perpetual capital securities distribution$m | – | – | – | – | – | – | – | – | (8.9) | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; securities paid (Note 21) | ||||||||||
| Perpetual capital securities paid (Note 21)$m | – | – | – | – | – | – | – | – | 1.4 | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group | ||||||||||
| Incremental costs in relation to perpetual capital securities (Note 21)$m | – | – | – | – | – | – | – | – | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; to share plans | ||||||||||
| Issue of shares pursuant to share plans$m | – | 4.7 | – | – | (4.7) | – | – | – | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; expenses | ||||||||||
| Share-based payment expenses$m | – | – | – | – | 5.0 | – | – | – | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; payments | ||||||||||
| Tax on share-based payments$m | – | – | – | – | 0.2 | – | – | – | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group | ||||||||||
| Dividends paid (Note 32)$m | – | – | – | – | – | – | – | – | (106.7) | PDF p. 117 |
| Acquisition of additional interest in subsidiaries$m | – | – | (82.1) | – | – | – | – | – | – | PDF p. 117 Label p. 117 |
| Others$m | – | – | – | – | – | – | – | – | 1.3 | PDF p. 117 |
| Total transactions with equity holders of the Company$m | – | 4.7 | (82.1) | – | 0.5 | – | – | – | (112.9) | PDF p. 117 Label p. 117 |
| At 31 December 2025$m | 299.7 | (9.9) | (91.3) | (276.3) | 12.0 | (40.2) | (2.2) | 3.7 | 405.1 | PDF p. 117 |
Definitions & sources
Original report: PDF p. 117 ↗
Printed component columns retain their original source order. Wide Group statements are split into two tables; all printed numeric and dash cells are retained.
Statements of Changes in Equity — Group — 2025 (columns 10–13)
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; Total reserves | 2025Group; Perpetual capital securities | 2025Group; Non-controlling interests | 2025Group; Total equity | Source |
|---|---|---|---|---|---|
| Statements of Changes in Equity — Group | |||||
| At 1 January 2025$m | 108.3 | 199.9 | 159.3 | 767.2 | PDF p. 117 |
| Profit for the year$m | 86.4 | – | 5.2 | 91.6 | PDF p. 117 |
| Change in fair value of equity investments at FVOCI, net of taxation$m | (1.3) | – | – | (1.3) | PDF p. 117 Label p. 117 |
| Share of other comprehensive income of associate, net of tax$m | (0.5) | – | – | (0.5) | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; translation differences | |||||
| Foreign currency$m | 3.9 | – | 0.2 | 4.1 | PDF p. 117 |
| Statements of Changes in Equity — Group | |||||
| Effective portion of changes in fair value of cash flow hedges, net of taxation$m | (6.1) | – | – | (6.1) | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; income for the year | |||||
| Total comprehensive$m | 82.4 | – | 5.4 | 87.8 | PDF p. 117 |
| Statements of Changes in Equity — Group | |||||
| Accrued perpetual capital securities distribution$m | (8.9) | 8.9 | – | – | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; securities paid (Note 21) | |||||
| Perpetual capital$m | 1.4 | (7.9) | – | (6.5) | PDF p. 117 |
| Statements of Changes in Equity — Group | |||||
| Incremental costs in relation to perpetual capital securities (Note 21)$m | – | (0.7) | – | (0.7) | PDF p. 117 Label p. 117 |
| Statements of Changes in Equity — Group; to share plans | |||||
| Issue of shares pursuant$m | – | – | – | – | PDF p. 117 |
| Statements of Changes in Equity — Group; expenses | |||||
| Share-based payment$m | 5.0 | – | – | 5.0 | PDF p. 117 |
| Statements of Changes in Equity — Group; payments | |||||
| Tax on share-based$m | 0.2 | – | – | 0.2 | PDF p. 117 |
| Statements of Changes in Equity — Group | |||||
| Dividends paid (Note 32)$m | (106.7) | – | (1.7) | (108.4) | PDF p. 117 |
| Acquisition of additional interest in subsidiaries$m | (82.1) | – | (20.9) | (103.0) | PDF p. 117 Label p. 117 |
| Others$m | 1.3 | – | (1.3) | – | PDF p. 117 |
| Total transactions with equity holders of the Company$m | (189.8) | 0.3 | (23.9) | (213.4) | PDF p. 117 Label p. 117 |
| At 31 December 2025$m | 0.9 | 200.2 | 140.8 | 641.6 | PDF p. 117 |
Definitions & sources
Original report: PDF p. 117 ↗
Printed component columns retain their original source order. Wide Group statements are split into two tables; all printed numeric and dash cells are retained.
Statements of Changes in Equity — Group — 2024 (columns 1–9)
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group; Share capital | 2024Group; Treasury shares | 2024Group; Capital reserve | 2024Group; Goodwill written off | 2024Group; Share-based payments reserve | 2024Group; Fair value reserve | 2024Group; Hedging reserve | 2024Group; Translation reserve | 2024Group; Retained profits | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Group | ||||||||||
| At 1 January 2024$m | 299.7 | (18.6) | (9.2) | (276.3) | 9.4 | (37.1) | (0.7) | 0.4 | 401.3 | PDF p. 118 |
| Profit for the year$m | – | – | – | – | – | – | – | – | 160.6 | PDF p. 118 |
| Gain on disposal of rights issues of equity investment at FVOCI$m | – | – | – | – | – | 0.1 | – | – | – | PDF p. 118 Label p. 118 |
| Change in fair value of equity investments at FVOCI, net of taxation$m | – | – | – | – | – | (1.9) | – | – | – | PDF p. 118 Label p. 118 |
| Share of other comprehensive income of associate, net of tax$m | – | – | – | – | – | – | (0.6) | – | – | PDF p. 118 Label p. 118 |
| Foreign currency translation differences$m | – | – | – | – | – | – | – | (0.6) | – | PDF p. 118 Label p. 118 |
| Effective portion of changes in fair value of cash flow hedges, net of taxation$m | – | – | – | – | – | – | 5.7 | – | – | PDF p. 118 Label p. 118 |
| Total comprehensive income for the year$m | – | – | – | – | – | (1.8) | 5.1 | (0.6) | 160.6 | PDF p. 118 Label p. 118 |
| Accrued perpetual capital securities distribution$m | – | – | – | – | – | – | – | – | (7.9) | PDF p. 118 Label p. 118 |
| Perpetual capital securities paid$m | – | – | – | – | – | – | – | – | 1.4 | PDF p. 118 Label p. 118 |
| Purchase of treasury shares$m | – | (0.4) | – | – | – | – | – | – | – | PDF p. 118 Label p. 118 |
| Issue of shares pursuant to share plans$m | – | 4.4 | – | – | (4.4) | – | – | – | – | PDF p. 118 Label p. 118 |
| Share-based payment expenses$m | – | – | – | – | 6.1 | – | – | – | – | PDF p. 118 Label p. 118 |
| Tax on share-based payments$m | – | – | – | – | 0.4 | – | – | – | – | PDF p. 118 Label p. 118 |
| Dividends paid (Note 32)$m | – | – | – | – | – | – | – | – | (123.8) | PDF p. 118 |
| Acquisition of additional interest in subsidiaries$m | – | – | – | – | – | – | – | – | – | PDF p. 118 Label p. 118 |
| Disposal of subsidiary with NCI$m | – | – | – | – | – | – | – | – | – | PDF p. 118 Label p. 118 |
| Total transactions with equity holders of the Company$m | – | 4.0 | – | – | 2.1 | – | – | – | (130.3) | PDF p. 118 Label p. 118 |
| At 31 December 2024$m | 299.7 | (14.6) | (9.2) | (276.3) | 11.5 | (38.9) | 4.4 | (0.2) | 431.6 | PDF p. 118 |
Definitions & sources
Original report: PDF p. 118 ↗
Printed component columns retain their original source order. Wide Group statements are split into two tables; all printed numeric and dash cells are retained.
Statements of Changes in Equity — Group — 2024 (columns 10–13)
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group; Total reserves | 2024Group; Perpetual capital securities | 2024Group; Non-controlling interests | 2024Group; Total equity | Source |
|---|---|---|---|---|---|
| Statements of Changes in Equity — Group | |||||
| At 1 January 2024$m | 69.2 | 199.9 | 136.6 | 705.4 | PDF p. 118 |
| Profit for the year$m | 160.6 | – | 7.6 | 168.2 | PDF p. 118 |
| Gain on disposal of rights issues of equity investment at FVOCI$m | 0.1 | – | – | 0.1 | PDF p. 118 Label p. 118 |
| Change in fair value of equity investments at FVOCI, net of taxation$m | (1.9) | – | – | (1.9) | PDF p. 118 Label p. 118 |
| Share of other comprehensive income of associate, net of tax$m | (0.6) | – | – | (0.6) | PDF p. 118 Label p. 118 |
| Foreign currency translation differences$m | (0.6) | – | 0.2 | (0.4) | PDF p. 118 Label p. 118 |
| Effective portion of changes in fair value of cash flow hedges, net of taxation$m | 5.7 | – | – | 5.7 | PDF p. 118 Label p. 118 |
| Total comprehensive income for the year$m | 163.3 | – | 7.8 | 171.1 | PDF p. 118 Label p. 118 |
| Accrued perpetual capital securities distribution$m | (7.9) | 7.9 | – | – | PDF p. 118 Label p. 118 |
| Perpetual capital securities paid$m | 1.4 | (7.9) | – | (6.5) | PDF p. 118 Label p. 118 |
| Purchase of treasury shares$m | (0.4) | – | – | (0.4) | PDF p. 118 Label p. 118 |
| Issue of shares pursuant to share plans$m | – | – | – | – | PDF p. 118 Label p. 118 |
| Share-based payment expenses$m | 6.1 | – | – | 6.1 | PDF p. 118 Label p. 118 |
| Tax on share-based payments$m | 0.4 | – | – | 0.4 | PDF p. 118 Label p. 118 |
| Dividends paid (Note 32)$m | (123.8) | – | (5.4) | (129.2) | PDF p. 118 |
| Acquisition of additional interest in subsidiaries$m | – | – | 1.4 | 1.4 | PDF p. 118 Label p. 118 |
| Disposal of subsidiary with NCI$m | – | – | 18.9 | 18.9 | PDF p. 118 Label p. 118 |
| Total transactions with equity holders of the Company$m | (124.2) | – | 14.9 | (109.3) | PDF p. 118 Label p. 118 |
| At 31 December 2024$m | 108.3 | 199.9 | 159.3 | 767.2 | PDF p. 118 |
Definitions & sources
Original report: PDF p. 118 ↗
Printed component columns retain their original source order. Wide Group statements are split into two tables; all printed numeric and dash cells are retained.
Statements of Changes in Equity — Company — 2025
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company; Share capital | 2025Company; Treasury shares | 2025Company; Share-based payments reserve | 2025Company; Fair value reserve | 2025Company; Hedging reserve | 2025Company; Retained profits | 2025Company; Total reserves | 2025Company; Perpetual capital securities | 2025Company; Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Company | ||||||||||
| At 1 January 2025$m | 299.7 | (14.6) | 11.5 | (38.9) | (0.6) | 2,122.3 | 2,079.7 | 199.9 | 2,579.3 | PDF p. 119 |
| Profit for the year$m | – | – | – | – | – | 104.2 | 104.2 | – | 104.2 | PDF p. 119 |
| Change in fair value of equity investments at FVOCI, net of taxation$m | – | – | – | (1.3) | – | – | (1.3) | – | (1.3) | PDF p. 119 Label p. 119 |
| Effective portion of changes in fair value of cash flow hedges, net of taxation$m | – | – | – | – | 1.1 | – | 1.1 | – | 1.1 | PDF p. 119 Label p. 119 |
| Total comprehensive income for the year$m | – | – | – | (1.3) | 1.1 | 104.2 | 104.0 | – | 104.0 | PDF p. 119 |
| Accrued perpetual securities distribution$m | – | – | – | – | – | (8.9) | (8.9) | 8.9 | – | PDF p. 119 |
| Perpetual capital securities paid (Note 21)$m | – | – | – | – | – | 1.4 | 1.4 | (7.9) | (6.5) | PDF p. 119 |
| Incremental costs in relation to perpetual capital securities (Note 21)$m | – | – | – | – | – | – | – | (0.7) | (0.7) | PDF p. 119 Label p. 119 |
| Issue of shares pursuant to share plans$m | – | 4.7 | (4.7) | – | – | – | – | – | – | PDF p. 119 |
| Share-based payment expenses$m | – | – | 5.0 | – | – | – | 5.0 | – | 5.0 | PDF p. 119 |
| Tax on share-based payments$m | – | – | 0.2 | – | – | – | 0.2 | – | 0.2 | PDF p. 119 |
| Dividends paid (Note 32)$m | – | – | – | – | – | (106.7) | (106.7) | – | (106.7) | PDF p. 119 |
| Total transactions with equity holders of the Company$m | – | 4.7 | 0.5 | – | – | (114.2) | (109.0) | 0.3 | (108.7) | PDF p. 119 Label p. 119 |
| At 31 December 2025$m | 299.7 | (9.9) | 12.0 | (40.2) | 0.5 | 2,112.3 | 2,074.7 | 200.2 | 2,574.6 | PDF p. 119 |
Definitions & sources
Original report: PDF p. 119 ↗
Printed component columns retain their original source order. Wide Group statements are split into two tables; all printed numeric and dash cells are retained.
Statements of Changes in Equity — Company — 2024
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Company; Share capital | 2024Company; Treasury shares | 2024Company; Share-based payments reserve | 2024Company; Fair value reserve | 2024Company; Hedging reserve | 2024Company; Retained profits | 2024Company; Total reserves | 2024Company; Perpetual capital securities | 2024Company; Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Company | ||||||||||
| At 1 January 2024$m | 299.7 | (18.6) | 9.4 | (37.1) | (0.2) | 2,012.8 | 1,966.3 | 199.9 | 2,465.9 | PDF p. 120 |
| Profit for the year$m | – | – | – | – | – | 239.8 | 239.8 | – | 239.8 | PDF p. 120 |
| Gain on disposal of rights issues of equity investment at FVOCI$m | – | – | – | 0.1 | – | – | 0.1 | – | 0.1 | PDF p. 120 Label p. 120 |
| Change in fair value of equity investments at FVOCI, net of taxation$m | – | – | – | (1.9) | – | – | (1.9) | – | (1.9) | PDF p. 120 Label p. 120 |
| Effective portion of changes in fair value of cash flow hedges, net of taxation$m | – | – | – | – | (0.4) | – | (0.4) | – | (0.4) | PDF p. 120 Label p. 120 |
| Total comprehensive income for the year$m | – | – | – | (1.8) | (0.4) | 239.8 | 237.6 | – | 237.6 | PDF p. 120 |
| Accrued perpetual securities distribution$m | – | – | – | – | – | (7.9) | (7.9) | 7.9 | – | PDF p. 120 |
| Perpetual capital securities paid$m | – | – | – | – | – | 1.4 | 1.4 | (7.9) | (6.5) | PDF p. 120 |
| Purchase of treasury shares$m | – | (0.4) | – | – | – | – | (0.4) | – | (0.4) | PDF p. 120 |
| Issue of shares pursuant to share plans$m | – | 4.4 | (4.4) | – | – | – | – | – | – | PDF p. 120 |
| Share-based payment expenses$m | – | – | 6.1 | – | – | – | 6.1 | – | 6.1 | PDF p. 120 |
| Tax on share-based payments$m | – | – | 0.4 | – | – | – | 0.4 | – | 0.4 | PDF p. 120 |
| Dividends paid (Note 32)$m | – | – | – | – | – | (123.8) | (123.8) | – | (123.8) | PDF p. 120 |
| Total transactions with equity holders of the Company$m | – | 4.0 | 2.1 | – | – | (130.3) | (124.2) | – | (124.2) | PDF p. 120 Label p. 120 |
| At 31 December 2024$m | 299.7 | (14.6) | 11.5 | (38.9) | (0.6) | 2,122.3 | 2,079.7 | 199.9 | 2,579.3 | PDF p. 120 |
Definitions & sources
Original report: PDF p. 120 ↗
Printed component columns retain their original source order. Wide Group statements are split into two tables; all printed numeric and dash cells are retained.
Group Financial Review — Revenue — monetary values
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | 2025Incr/(Decr); $m; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Revenue | ||||
| Mobile$m | 532.5 | 577.0 | (44.5) | PDF p. 46 |
| Broadband (1)$m | 248.9 | 250.1 | (1.2) | PDF p. 46 |
| Entertainment$m | 197.3 | 212.4 | (15.1) | PDF p. 46 |
| Regional Enterprise Business (1), (2), (5)$m | 614.6 | 597.2 | 17.4 | PDF p. 46 |
| Cybersecurity Services (3)$m | 408.9 | 392.1 | 16.8 | PDF p. 46 |
| Total service revenue$m | 2,002.2 | 2,028.9 | (26.7) | PDF p. 46 |
| Sales of equipment (4)$m | 350.6 | 338.8 | 11.8 | PDF p. 46 |
| Total$m | 2,352.8 | 2,367.7 | (14.9) | PDF p. 46 |
Definitions & sources
Original report: PDF p. 46 ↗
(1) Includes service revenue from MyRepublic Broadband.
(2) Consists of segments previously known as Network Solutions and Regional ICT Services.
(3) Includes service revenue from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(4) Includes sales of equipment revenue from MyRepublic Broadband.
(5) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to Managed Services under Regional Enterprise Business.
Numbers may not add up due to rounding.
Group Financial Review — Revenue — percentages
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; % of total revenue | 2024Group; % of total revenue | 2025Incr/(Decr); %; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Revenue | ||||
| Mobile% | 22.6 | 24.4 | (7.7) | PDF p. 46 |
| Broadband (1)% | 10.6 | 10.6 | (0.5) | PDF p. 46 |
| Entertainment% | 8.4 | 9.0 | (7.1) | PDF p. 46 |
| Regional Enterprise Business (1), (2), (5)% | 26.1 | 25.2 | 2.9 | PDF p. 46 |
| Cybersecurity Services (3)% | 17.4 | 16.6 | 4.3 | PDF p. 46 |
| Total service revenue% | 85.1 | 85.7 | (1.3) | PDF p. 46 |
| Sales of equipment (4)% | 14.9 | 14.3 | 3.5 | PDF p. 46 |
| Total% | 100.0 | 100.0 | (0.6) | PDF p. 46 |
Definitions & sources
Original report: PDF p. 46 ↗
(1) Includes service revenue from MyRepublic Broadband.
(2) Consists of segments previously known as Network Solutions and Regional ICT Services.
(3) Includes service revenue from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(4) Includes sales of equipment revenue from MyRepublic Broadband.
(5) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to Managed Services under Regional Enterprise Business.
Numbers may not add up due to rounding.
Group Financial Review — Operating Expenses — monetary values
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | 2025Incr/(Decr); $m; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Operating expenses | ||||
| Cost of sales (1) (3)$m | 974.3 | 933.8 | 40.5 | PDF p. 46 |
| Other operating expenses (1) (3)$m | 833.9 | 822.8 | 11.1 | PDF p. 46 |
| Cybersecurity Services (2)$m | 408.1 | 390.1 | 18.0 | PDF p. 46 |
| Total$m | 2,216.2 | 2,146.7 | 69.6 | PDF p. 46 |
Definitions & sources
Original report: PDF p. 46 ↗
(1) Includes cost of sales and other operating expenses from MyRepublic Broadband, Strateq, JOS SG and JOS MY.
(2) Includes cost of sales and other operating expenses from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(3) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to cost of sales and other operating expenses (excluding Cybersecurity Services).
Numbers may not add up due to rounding.
Group Financial Review — Operating Expenses — percentages
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Incr/(Decr); %; 2025 vs 2024 | Source |
|---|---|---|
| Operating expenses | ||
| Cost of sales (1) (3)% | 4.3 | PDF p. 46 |
| Other operating expenses (1) (3)% | 1.3 | PDF p. 46 |
| Cybersecurity Services (2)% | 4.6 | PDF p. 46 |
| Total% | 3.2 | PDF p. 46 |
Definitions & sources
Original report: PDF p. 46 ↗
(1) Includes cost of sales and other operating expenses from MyRepublic Broadband, Strateq, JOS SG and JOS MY.
(2) Includes cost of sales and other operating expenses from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(3) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to cost of sales and other operating expenses (excluding Cybersecurity Services).
Numbers may not add up due to rounding.
Group Financial Review — Cybersecurity Services Operating Expenses — monetary values
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | 2025Incr/(Decr); $m; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Cybersecurity services | ||||
| Cost of sales$m | 261.4 | 244.9 | 16.4 | PDF p. 47 |
| Other operating expenses$m | 146.7 | 145.1 | 1.6 | PDF p. 47 |
| Total$m | 408.1 | 390.1 | 18.0 | PDF p. 47 |
Definitions & sources
Original report: PDF p. 47 ↗
(1) Includes cost of sales and other operating expenses from Ensign and D’Crypt; D’Crypt was divested in February 2024.
Numbers may not add up due to rounding.
Group Financial Review — Cybersecurity Services Operating Expenses — percentages
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Incr/(Decr); %; 2025 vs 2024 | Source |
|---|---|---|
| Cybersecurity services | ||
| Cost of sales% | 6.7 | PDF p. 47 |
| Other operating expenses% | 1.1 | PDF p. 47 |
| Total% | 4.6 | PDF p. 47 |
Definitions & sources
Original report: PDF p. 47 ↗
(1) Includes cost of sales and other operating expenses from Ensign and D’Crypt; D’Crypt was divested in February 2024.
Numbers may not add up due to rounding.
Group Financial Review — Cost of Sales — monetary values
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | 2025Incr/(Decr); $m; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Cost of sales | ||||
| Cost of equipment sold$m | 325.2 | 313.2 | 12.1 | PDF p. 47 |
| Cost of services (2)$m | 578.7 | 549.9 | 28.8 | PDF p. 47 |
| Traffic expenses$m | 41.0 | 41.3 | (0.3) | PDF p. 47 |
| Customer acquisition costs$m | 29.3 | 29.4 | (0.1) | PDF p. 47 |
| Cost of sales (excluding Cybersecurity services) (2)$m | 974.3 | 933.8 | 40.5 | PDF p. 47 |
| Cost of sales (Cybersecurity services) (1)$m | 261.4 | 244.9 | 16.4 | PDF p. 47 |
| Total$m | 1,235.6 | 1,178.7 | 56.9 | PDF p. 47 |
Definitions & sources
Original report: PDF p. 47 ↗
(1) Includes cost of sales from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(2) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to cost of services (excluding Cybersecurity Services).
Numbers may not add up due to rounding.
Group Financial Review — Cost of Sales — percentages
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Incr/(Decr); %; 2025 vs 2024 | Source |
|---|---|---|
| Cost of sales | ||
| Cost of equipment sold% | 3.9 | PDF p. 47 |
| Cost of services (2)% | 5.2 | PDF p. 47 |
| Traffic expenses% | (0.7) | PDF p. 47 |
| Customer acquisition costs% | (0.4) | PDF p. 47 |
| Cost of sales (excluding Cybersecurity services) (2)% | 4.3 | PDF p. 47 |
| Cost of sales (Cybersecurity services) (1)% | 6.7 | PDF p. 47 |
| Total% | 4.8 | PDF p. 47 |
Definitions & sources
Original report: PDF p. 47 ↗
(1) Includes cost of sales from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(2) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to cost of services (excluding Cybersecurity Services).
Numbers may not add up due to rounding.
Group Financial Review — Other Operating Expenses — monetary values
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | 2025Incr/(Decr); $m; 2025 vs 2024 | Source |
|---|---|---|---|---|
| Other operating expenses | ||||
| Staff costs (2)$m | 252.9 | 255.6 | (2.7) | PDF p. 48 |
| Operating leases (2)$m | 47.1 | 41.5 | 5.6 | PDF p. 48 |
| Marketing and promotion (2)$m | 29.9 | 28.0 | 1.9 | PDF p. 48 |
| Loss allowance for trade receivables (2)$m | 17.2 | 15.3 | 1.9 | PDF p. 48 |
| Repairs and maintenance (2)$m | 117.6 | 116.1 | 1.5 | PDF p. 48 |
| Other expenses (2)$m | 130.6 | 138.6 | (7.9) | PDF p. 48 |
| Depreciation and amortisation (2)$m | 238.6 | 227.9 | 10.7 | PDF p. 48 |
| Other operating expenses (excluding Cybersecurity services) (2)$m | 833.9 | 822.8 | 11.1 | PDF p. 48 |
| Other operating expenses (Cybersecurity services) (1)$m | 146.7 | 145.1 | 1.6 | PDF p. 48 |
| Total$m | 980.6 | 968.0 | 12.7 | PDF p. 48 |
Definitions & sources
Original report: PDF p. 48 ↗
(1) Includes other operating expenses from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(2) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to other operating expenses (excluding Cybersecurity Services).
Numbers may not add up due to rounding.
Group Financial Review — Other Operating Expenses — percentages
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Incr/(Decr); %; 2025 vs 2024 | Source |
|---|---|---|
| Other operating expenses | ||
| Staff costs (2)% | (1.0) | PDF p. 48 |
| Operating leases (2)% | 13.6 | PDF p. 48 |
| Marketing and promotion (2)% | 7.0 | PDF p. 48 |
| Loss allowance for trade receivables (2)% | 12.7 | PDF p. 48 |
| Repairs and maintenance (2)% | 1.3 | PDF p. 48 |
| Other expenses (2)% | (5.7) | PDF p. 48 |
| Depreciation and amortisation (2)% | 4.7 | PDF p. 48 |
| Other operating expenses (excluding Cybersecurity services) (2)% | 1.3 | PDF p. 48 |
| Other operating expenses (Cybersecurity services) (1)% | 1.1 | PDF p. 48 |
| Total% | 1.3 | PDF p. 48 |
Definitions & sources
Original report: PDF p. 48 ↗
(1) Includes other operating expenses from Ensign and D’Crypt; D’Crypt was divested in February 2024.
(2) Comparatives have been restated to take into account the reclassification of Strateq, JOS SG and JOS MY (formerly disclosed under the Regional ICT Services segment) to other operating expenses (excluding Cybersecurity Services).
Numbers may not add up due to rounding.
Group Financial Review — Profitability — percentage change
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Incr/(Decr); %; 2025 vs 2024 | Source |
|---|---|---|
| Profitability | ||
| Total revenue% | (0.6) | PDF p. 49 |
| Operating expenses% | 3.2 | PDF p. 49 |
| Other income% | nm | PDF p. 49 |
| Profit from operations% | (29.9) | PDF p. 49 |
| Non-operating income% | (100.0) | PDF p. 49 |
| Non-operating expenses% | nm | PDF p. 49 |
| Finance income% | (36.5) | PDF p. 49 |
| Finance expense% | 0.1 | PDF p. 49 |
| Subtotal% | (44.6) | PDF p. 49 |
| Share of gain of associate, net of tax% | 152.1 | PDF p. 49 |
| Share of gain of joint venture, net of tax% | 17.9 | PDF p. 49 |
| Profit before taxation% | (42.1) | PDF p. 49 |
| Taxation% | (26.4) | PDF p. 49 |
| Profit for the year% | (45.6) | PDF p. 49 |
| EBITDA% | (12.3) | PDF p. 49 |
| Service EBITDA% | (13.0) | PDF p. 49 |
| Service revenue% | (1.3) | PDF p. 49 |
Definitions & sources
Group Financial Review — Liquidity and Resources
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m | 2024Group; $m | Source |
|---|---|---|---|
| Liquidity and resources | |||
| Net cash from operating activities$m | 354.5 | 361.3 | PDF p. 51 |
| Net cash used in investing activities$m | (364.7) | (101.9) | PDF p. 51 |
| Net cash from/ (used in) financing activities$m | 326.0 | (221.8) | PDF p. 51 |
| Net change in cash and cash equivalents$m | 315.8 | 37.6 | PDF p. 51 |
| Exchange difference on cash and cash equivalents$m | (0.3) | (0.3) | PDF p. 51 |
| Cash and cash equivalents at beginning of the year$m | 535.2 | 497.9 | PDF p. 51 |
| Cash and cash equivalents at end of the year$m | 850.7 | 535.2 | PDF p. 51 |
| Free Cash Flow (1)$m | (24.0) | 162.2 | PDF p. 51 |
Definitions & sources
Original report: PDF p. 51 ↗
(1) Free Cash Flow refers to net cash from operating activities less purchase of property, plant and equipment and intangible assets in the cash flow statement.
Numbers may not add up due to rounding.
Group Financial Review — Financial Position
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; $m; as at 31 December | 2024Group; $m; as at 31 December | Source |
|---|---|---|---|
| Financial position | |||
| Non-current assets$m | 1,743.1 | 1,594.0 | PDF p. 52 |
| Current assets$m | 1,860.9 | 1,526.6 | PDF p. 52 |
| Less: Current liabilities$m | 1,292.5 | 1,374.3 | PDF p. 52 |
| Less: Non-current liabilities$m | 1,669.9 | 979.2 | PDF p. 52 |
| Net assets$m | 641.6 | 767.2 | PDF p. 52 |
| Equity$m | 641.6 | 767.2 | PDF p. 52 |
| Equity attributable to owners and perpetual capital securities holders$m | 500.8 | 607.8 | PDF p. 52 |
| Non-controlling interests$m | 140.8 | 159.3 | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
Numbers may not add up due to rounding.
FY2025 financial performance infographic — rounded revenue
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; as at 31 December 2025; original rounded infographic amounts | Source |
|---|---|---|
| FY2025 financial performance infographic — rounded revenue | ||
| Total RevenueSGD billions | 2.4 | PDF p. 9 |
| Service RevenueSGD billions | 2.0 | PDF p. 9 |
Definitions & sources
Original report: PDF p. 9 ↗
FY2025 financial performance infographic — net debt to EBITDA
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; as at 31 December 2025 | Source |
|---|---|---|
| FY2025 financial performance infographic — net debt to EBITDA | ||
| Net Debt to EBITDAtimes | 2.0 | PDF p. 9 |
Definitions & sources
Original report: PDF p. 9 ↗
FY2025 return on equity — Chairman’s Message
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; FY2025 | Source |
|---|---|---|
| FY2025 return on equity — Chairman’s Message | ||
| Return on Equity% | 14.3 | PDF p. 9 |
Definitions & sources
Original report: PDF p. 9 ↗
FY2025 dividends per share — Chairman’s Message
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company; dividends attributed to FY2025; recommended final and interim | Source |
|---|---|---|
| FY2025 dividends per share — Chairman’s Message | ||
| final dividendcents per share | 3.0 | PDF p. 10 |
| interim dividendcents per share | 3.0 | PDF p. 10 |
| total dividend in FY2025cents per share | 6.0 | PDF p. 10 |
Definitions & sources
Original report: PDF p. 10 ↗
Statement of Financial Position — as reported in the annual report
44 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | 2024Company | 2023Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment$m | 634.5 | 607.9 | 355.3 | 325.6 | PDF p. 209 |
| Intangible assets$m | 750.6 | 754.9 | 93.6 | 88.4 | PDF p. 209 |
| Right-of-use assets$m | 119.4 | 95.4 | 95.9 | 68.5 | PDF p. 209 |
| Subsidiaries$m | – | – | 3,354.0 | 3,351.5 | PDF p. 209 |
| Associate$m | 30.0 | 28.8 | 27.8 | 27.8 | PDF p. 209 |
| Joint venture$m | 21.1 | 18.2 | – | – | PDF p. 209 |
| Other investment$m | 1.6 | 3.5 | 1.6 | 3.5 | PDF p. 209 |
| Contract assets$m | 31.4 | 66.4 | 1.9 | 0.1 | PDF p. 209 |
| Contract costs$m | 2.8 | 4.6 | 0.4 | 0.4 | PDF p. 209 |
| Other receivables and prepayments$m | 2.7 | 74.2 | 8.6 | 5.8 | PDF p. 209 |
| Non-current assets subtotal | |||||
| Subtotal$m | 1,594.1 | 1,653.9 | 3,939.1 | 3,871.6 | PDF p. 209 |
| Current assets | |||||
| Inventories$m | 47.0 | 46.9 | 4.6 | 4.8 | PDF p. 209 |
| Contract assets$m | 377.9 | 290.0 | 21.0 | 18.1 | PDF p. 209 |
| Contract costs$m | 13.8 | 12.3 | 1.4 | 1.2 | PDF p. 209 |
| Trade receivables$m | 289.4 | 278.3 | 171.0 | 186.3 | PDF p. 209 |
| Other receivables, deposits and prepayments$m | 235.8 | 139.7 | 52.4 | 35.8 | PDF p. 209 |
| Amounts due from related parties$m | 23.1 | 19.2 | 232.5 | 190.9 | PDF p. 209 |
| Cash and cash equivalents$m | 539.6 | 502.2 | 360.8 | 375.8 | PDF p. 209 |
| Current assets subtotal | |||||
| Subtotal$m | 1,526.6 | 1,288.6 | 843.7 | 812.9 | PDF p. 209 |
| Current assets | |||||
| Assets held for sale$m | – | 92.6 | – | – | PDF p. 209 |
| Current assets subtotal including assets held for sale | |||||
| Subtotal$m | 1,526.6 | 1,381.2 | 843.7 | 812.9 | PDF p. 209 |
| Current liabilities | |||||
| Contract liabilities$m | (89.1) | (85.4) | (38.4) | (32.1) | PDF p. 209 |
| Trade and other payables$m | (753.2) | (709.1) | (321.7) | (300.2) | PDF p. 209 |
| Amounts due to related parties$m | (37.4) | (34.4) | (554.2) | (640.2) | PDF p. 209 |
| Borrowings$m | (447.5) | (11.2) | (367.5) | – | PDF p. 209 |
| Lease liabilities$m | (40.0) | (32.8) | (13.1) | (16.5) | PDF p. 209 |
| Provision for taxation$m | (7.1) | (56.1) | – | (0.7) | PDF p. 209 |
| Current liabilities subtotal | |||||
| Subtotal$m | (1,374.3) | (929.0) | (1,294.9) | (989.7) | PDF p. 209 |
| Current liabilities | |||||
| Liabilities directly associated with the assets held for sale$m | – | (31.6) | – | – | PDF p. 209 |
| Current liabilities subtotal including liabilities held for sale | |||||
| Subtotal$m | (1,374.3) | (960.6) | (1,294.9) | (989.7) | PDF p. 209 |
| Current assets and liabilities | |||||
| Net current assets/(liabilities)$m | 152.3 | 420.6 | (451.2) | (176.8) | PDF p. 209 |
| Non-current liabilities | |||||
| Contract liabilities$m | (50.8) | (46.9) | (50.8) | (46.9) | PDF p. 209 |
| Trade and other payables$m | (50.0) | (50.1) | (26.7) | (24.4) | PDF p. 209 |
| Borrowings$m | (687.6) | (1,128.2) | (687.6) | (1,054.1) | PDF p. 209 |
| Lease liabilities$m | (85.6) | (71.7) | (85.6) | (56.8) | PDF p. 209 |
| Deferred tax liabilities$m | (105.2) | (72.2) | (57.9) | (46.7) | PDF p. 209 |
| Non-current liabilities subtotal | |||||
| Subtotal$m | (979.2) | (1,369.1) | (908.6) | (1,228.9) | PDF p. 209 |
| Statement of financial position | |||||
| Net assets$m | 767.2 | 705.4 | 2,579.3 | 2,465.9 | PDF p. 209 |
| Equity | |||||
| Share capital$m | 299.7 | 299.7 | 299.7 | 299.7 | PDF p. 209 |
| Reserves$m | 108.3 | 69.2 | 2,079.7 | 1,966.3 | PDF p. 209 |
| Perpetual capital securities$m | 199.9 | 199.9 | 199.9 | 199.9 | PDF p. 209 |
| Equity attributable to owners and perpetual capital securities holders$m | 607.9 | 568.8 | 2,579.3 | 2,465.9 | PDF p. 209 |
| Non-controlling interests$m | 159.3 | 136.6 | – | – | PDF p. 209 |
| Total equity$m | 767.2 | 705.4 | 2,579.3 | 2,465.9 | PDF p. 209 |
Definitions & sources
Original report: PDF p. 209 ↗
Where the money comes from
Segment information
By business
Reportable segment information 2025 (Note 33) 23 lines
| Item / unit | 2025Telecommunications segment | 2025Cybersecurity segment | 2025Elimination of intersegment transactions | 2025Group | Source |
|---|---|---|---|---|---|
| Revenue | |||||
| Mobile revenue$m | 532.5 | – | – | 532.5 | PDF p. 176 |
| Broadband revenue$m | 248.9 | – | – | 248.9 | PDF p. 176 |
| Entertainment revenue$m | 197.3 | – | – | 197.3 | PDF p. 176 |
| Enterprise Business revenue$m | 614.6 | 413.8 | (4.9) | 1,023.5 | PDF p. 176 |
| Sales of equipment$m | 350.6 | – | – | 350.6 | PDF p. 176 |
| Total revenue$m | 1,943.9 | 413.8 | (4.9) | 2,352.8 | PDF p. 176 |
| Results | |||||
| EBITDA$m | 392.7 | 10.9 | – | 403.6 | PDF p. 176 |
| Depreciation and amortisation$m | (238.6) | (7.6) | – | (246.2) | PDF p. 176 |
| Finance income$m | 10.6 | 1.9 | – | 12.5 | PDF p. 176 |
| Finance expense$m | (42.7) | (0.4) | – | (43.1) | PDF p. 176 |
| Other material items of income and expense and non-cash items | |||||
| – Other material items of expense@$m | (15.5) | – | – | (15.5) | PDF p. 176 |
| Results | |||||
| Share of profit of associate (net of tax)$m | 4.2 | – | – | 4.2 | PDF p. 176 |
| Share of profit of joint venture (net of tax)$m | 3.4 | – | – | 3.4 | PDF p. 176 |
| Profit before taxation$m | 114.1 | 4.8 | – | 118.9 | PDF p. 176 |
| Taxation$m | (26.0) | (1.3) | – | (27.3) | PDF p. 176 |
| Profit for the year$m | 88.1 | 3.5 | – | 91.6 | PDF p. 176 |
| Assets and liabilities | |||||
| Segment assets$m | 2,909.3 | 636.4 | – | 3545.7 | PDF p. 176 |
| Equity-accounted investees$m | 58.3 | - | – | 58.3 | PDF p. 176 |
| Total assets$m | 2967.6 | 636.4 | – | 3604.0 | PDF p. 176 |
| Segment liabilities$m | 994.8 | 304.1 | – | 1298.9 | PDF p. 176 |
| Borrowings$m | 1,663.5 | – | – | 1,663.5 | PDF p. 176 |
| Total liabilities$m | 2,658.3 | 304.1 | – | 2,962.4 | PDF p. 176 |
| Other information | |||||
| Capital expenditure *$m | 374.6 | 3.9 | – | 378.5 | PDF p. 176 |
Notes
* Segment capital expenditure is the total costs incurred during the year to acquire property, plant and equipment and intangible assets.
@ Other material items of expenses relate to various items as detailed in note 27.
Group has two reportable segments: Telecommunications and Cybersecurity. The Group operates primarily in Singapore; no geographic table is printed.
Reportable segment information 2024 (Note 33, continued) 24 lines
| Item / unit | 2024Telecommunications segment | 2024Cybersecurity segment | 2024Elimination of intersegment transactions | 2024Group | Source |
|---|---|---|---|---|---|
| Revenue | |||||
| Mobile revenue$m | 577.4 | – | (0.4) | 577.0 | PDF p. 177 |
| Broadband revenue$m | 250.1 | – | – | 250.1 | PDF p. 177 |
| Entertainment revenue$m | 212.4 | – | – | 212.4 | PDF p. 177 |
| Enterprise Business revenue$m | 595.0 | 394.4 | – | 989.4 | PDF p. 177 |
| Sales of equipment$m | 338.8 | – | – | 338.8 | PDF p. 177 |
| Total revenue$m | 1,973.7 | 394.4 | (0.4) | 2,367.7 | PDF p. 177 |
| Results | |||||
| EBITDA$m | 449.2 | 11.1 | – | 460.3 | PDF p. 177 |
| Depreciation and amortisation$m | (227.9) | (8.0) | – | (235.9) | PDF p. 177 |
| Finance income$m | 16.0 | 3.6 | – | 19.6 | PDF p. 177 |
| Finance expense$m | (42.2) | (0.8) | – | (43.0) | PDF p. 177 |
| Other material items of income and expense and non-cash items | |||||
| – Fair value gain on contingent consideration$m | – | 3.2 | – | 3.2 | PDF p. 177 |
| – Other material items of expense@$m | (3.6) | – | – | (3.6) | PDF p. 177 |
| Results | |||||
| Share of profit of associate (net of tax)$m | 1.8 | – | – | 1.8 | PDF p. 177 |
| Share of profit of joint venture (net of tax)$m | 2.9 | – | – | 2.9 | PDF p. 177 |
| Profit before taxation$m | 196.2 | 9.1 | – | 205.3 | PDF p. 177 |
| Taxation$m | (34.9) | (2.2) | – | (37.1) | PDF p. 177 |
| Profit for the year$m | 161.3 | 6.9 | – | 168.2 | PDF p. 177 |
| Assets and liabilities | |||||
| Segment assets$m | 2,477.0 | 592.6 | – | 3,069.6 | PDF p. 177 |
| Equity-accounted investees$m | 51.1 | – | – | 51.1 | PDF p. 177 |
| Total assets$m | 2,528.1 | 592.6 | – | 3,120.7 | PDF p. 177 |
| Segment liabilities$m | 960.3 | 258.1 | – | 1,218.4 | PDF p. 177 |
| Borrowings$m | 1,135.1 | – | – | 1,135.1 | PDF p. 177 |
| Total liabilities$m | 2,095.4 | 258.1 | – | 2,353.5 | PDF p. 177 |
| Other information | |||||
| Capital expenditure *$m | 217.5 | 1.2 | – | 218.7 | PDF p. 177 |
Notes
* Segment capital expenditure is the total costs incurred during the year to acquire property, plant and equipment and intangible assets.
@ Other material items of expenses relate to various items as detailed in note 27 (footnote printed on the 2025 page).
Debt
Borrowings
Borrowing notes 4 tables
Borrowings - current and non-current
| Item / unit | 2025Group, $m | 2024Group, $m | 2025Company, $m | 2024Company, $m | Source |
|---|---|---|---|---|---|
| Current | |||||
| Current - Bank loans$m | – | 447.5 | – | 367.5 | PDF p. 160 |
| Current - Medium term notes$m | 300.0 | – | 300.0 | – | PDF p. 160 |
| Current - total$m | 300.0 | 447.5 | 300.0 | 367.5 | PDF p. 160 |
| Non-current | |||||
| Non-current - Bank loans$m | 864.5 | 187.7 | 864.5 | 187.7 | PDF p. 160 |
| Non-current - Medium term notes$m | 499.0 | 499.9 | 499.0 | 499.9 | PDF p. 160 |
| Non-current - total$m | 1,363.5 | 687.6 | 1,363.5 | 687.6 | PDF p. 160 |
Notes
Bank loans note 16.1; medium term notes note 16.2. Rows with no label are subtotals of current and non-current borrowings.
Secured: as at 31 Dec 2024 Group bank loans of $2.0 million were secured over Group's fixed deposits at 5.54% to 5.64% p.a.; no secured loans for Group and Company at 31 Dec 2025.
Unsecured bank loans: Group $864.5 million (2024: $185.7 million) at 1.65% to 2.80% (2024: 1.30% to 4.72%) p.a.; Company $864.5 million (2024: 555.2 million) at 1.73% to 2.53% (2024: 1.30% to 4.72%) p.a.
Fair value of bank loans: $867.3 million Group and Company (2024: $630.1 million and $550.4 million). Fair value of medium term notes $801.6 million (2024: $470.2 million).
Unsecured medium term notes (principal amount)
| Item / unit | 2025$m | 2024$m | Source |
|---|---|---|---|
| Medium term notes | |||
| S$ medium term notes (3.55%, issued 2016, maturity 2026)$m | 300.0 | 300.0 | PDF p. 161 |
| S$ medium term notes (2.48%, issued 2021, maturity 2031)$m | 200.0 | 200.0 | PDF p. 161 |
| S$ medium term notes (2.55%, issued 2025, maturity 2035)$m | 300.0 | – | PDF p. 161 |
| Total medium term notes$m | 800.0 | 500.0 | PDF p. 161 |
Notes
S$ notes issued under Original Programme and Updated Programme ($2,000.0 million multicurrency debt issuance programme). All outstanding notes are unsecured.
Lease liabilities
| Item / unit | 2025Group, $m | 2024Group, $m | 2025Company, $m | 2024Company, $m | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| Current$m | 25.9 | 40.0 | 9.7 | 13.1 | PDF p. 161 |
| Non-current$m | 96.1 | 85.6 | 71.4 | 85.6 | PDF p. 161 |
| Lease liabilities total$m | 122.0 | 125.6 | 81.1 | 98.7 | PDF p. 161 |
Interest rate profile of borrowings - fixed vs variable (nominal amount)
| Item / unit | 2025Group nominal amount, $m | 2024Group nominal amount, $m | 2025Company nominal amount, $m | 2024Company nominal amount, $m | Source |
|---|---|---|---|---|---|
| Fixed rate instruments | |||||
| Fixed rate instruments - Borrowings$m | 863.5 | 1,013.1 | 863.5 | 935.1 | PDF p. 181 |
| Variable rate instrument | |||||
| Variable rate instrument - Borrowings$m | 800.0 | 122.0 | 800.0 | 120.0 | PDF p. 181 |
Notes
Interest rate swaps with notional $450.0 million in cash flow hedges, maturing over 2.7 to 4.5 years, fixed rates 1.230% to 1.930% per annum. Group policy: at least 50 percent of long-term borrowings on fixed rate basis. Main foreign currency risk is USD; all medium term notes are S$.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | StarHub remains committed to its dividend policy of distributing at least 80% of net profit attributable to shareholders (adjusted for one-off, non-recurring items) as dividends on a semi-annual basis. | Group policy | PDF p. 85 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Final dividend proposed FY2025 | 0.030 $ per share | Final dividend for FY2025, proposed; comparative 2024: $0.032 | PDF p. 190 |
| Final dividend record date | 7 May 2026 | Final dividend FY2025 book closure date | PDF p. 207 |
| Final dividend payment date | 20 May 2026 | Final dividend FY2025, if approved | PDF p. 207 |
| Interim dividends of $0.030 (2024: $0.030) per share (1-tier tax exempt) paid in respect of the current financial year | 0.030 $ per share | Interim dividend FY2025; comparative 2024: $0.030 | PDF p. 175 |
| Final dividend of $0.032 (2024: $0.042) per share (1-tier tax exempt) paid in respect of the previous financial year | 0.032 $ per share | Final dividend for FY2024 paid in 2025; comparative: final for FY2023 $0.042 paid in 2024 | PDF p. 175 |
Extracted from StarHub Ltd Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | KPMG LLP | Group and Company, FY2025 | PDF p. 113 |
| Engagement partner | Siew Yilin | Group and Company, FY2025 | PDF p. 113 |
| Opinion | In our opinion, the accompanying consolidated financial statements of the Group and the statement of financial position and statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company, year ended 31 December 2025 | PDF p. 109 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revenue recognition ($2,352.8 million) | Revenue recognition ($2,352.8 million) | Group, FY2025 | PDF p. 110 |
| Revenue recognition | There are systems and controls in place, aided by manual procedures to capture revenue to comply with relevant accounting standards. | Group, FY2025 | PDF p. 110 |
| Impairment assessment of non-financial assets | Impairment assessment of non-financial assets | Group, FY2025 | PDF p. 111 |
Extracted from StarHub Ltd Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow StarHub Ltd Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Financial statements use SGD millions unless the original row/unit states otherwise. Source management-review rounding differences are retained.
FY2024 comparisons in this FY2025 report are verified. Earlier annual-report backfill remains pending; this publication does not complete historical or all-company collection.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.