PCCW (00008) Announces Interim Results Shareholders' Losses of HK$276 Million Narrow 38% YoY

According to the Zhitong Finance App, PCCW (00008) announced results for the six months ended June 30, 2026. The group achieved comprehensive income of HK$20.04 billion during the period, an increase of 7% over the previous year; the company's equity holders should have accounted for a loss of HK$276 million, a decrease of 38% over the previous year; and a basic loss of 3.57 points per share.

For the six months ended June 30, 2026, HKT once again demonstrated business resilience with its AI-ready infrastructure, rigorous and pragmatic execution, and continued investment in innovation, and achieved solid mid-term results in all major businesses. Furthermore, HKT is speeding up the application of AI to networks and operating processes, and integrating AI into personal and corporate customer service, thereby improving operational efficiency and service quality, and opening up new growth opportunities.

Broadband revenue increased by 3% during the period, mainly benefiting from the market's continued demand for our high-speed, ultra-low latency optical fiber services, reflecting users' pursuit of high-bandwidth and more stable networks to support digital entertainment, hybrid office, smart home applications and AI-driven services. At the end of June 2026, we reached 1.101 thousand fiber connections to the home, a net increase of 46,000 or 4% over last year, accounting for 74 percent of the 1.497 million broadband lines in our consumer market. Our corporate business continues to grow strongly, with local data revenue growing 8% year-on-year. By providing end-to-end solutions, we help our customers transform operations, improve efficiency, and create new value in a rapidly evolving digital economy. Using AI and our broad portfolio of mission-critical enterprise solutions, we successfully secured numerous project contracts in the first half of 2026, with a total value of over HK$2.2 billion. The exclusive broadcast of the FIFA World Cup 2026 was one of our highlights in the first half of 2026. It brought us a great opportunity to increase sales and cross-sell tailor-made promotion plans, and also attracted new customers, especially non-HKT customers. Now TV's installed user base increased from 1.48 million last year to 1.49 million. As a result, revenue from local telecommunications services increased by 3% to HK$9.014 billion.

In the six months ended June 30, 2026, revenue from international telecommunications services increased by 2% to HK$3,899 billion, mainly driven by increased data and international voice wholesale revenue and increased customer demand for our Console Connect software-defined cloud interconnection platform services. In particular, OTT users in mainland China experienced a healthy increase in demand for our services, and revenue increased by more than 50%.