China Mobile 1H FY26 profit attributable to shareholders falls 6.3% to RMB 78.9 billion; revenue slips 1.1% to RMB 538 billion

• China Mobile posted 1H 2026 revenue of RMB 538 billion, down 1.1% year-on-year; profit attributable to equity shareholders fell 6.3% to RMB 78.9 billion.
• EBITDA slid 6.6% to RMB 173.6 billion; free cash flow more than doubled to RMB 53.9 billion on net cash from operating activities up 37%.
• Revenue from principal businesses dropped 3.1% to RMB 452.7 billion, while other businesses rose 11.2% to RMB 85.4 billion.
• Communications service revenue declined 5.7% to RMB 350.4 billion, with pressure tied to VAT scope adjustments and shifting growth drivers.
• Computing service revenue climbed 14% to RMB 52.9 billion; AIDC revenue rose 486.1% and intelligent computing service revenue jumped 130.1% to RMB 5.3 billion.

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