Technology

Chunghwa Telecom Reports 2025 Guidance

Published

1 year ago

January 22, 2025

TAIPEI, Jan. 22, 2025 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) today reported its guidance for 2025 on a consolidated basis. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“T-IFRSs”).

Looking ahead to 2025, Chunghwa Telecom remains to focus on providing the industry-leading safe, reliable, and trustworthy ICT services. In addition, to response to the global trends of ESG sustainability, AI boom, industrial transformation, growing demands for security and resilience, and alignment with national policies, Chunghwa Telecom will center its effort on three strategic pillars: “Sustainable Future,” “Smart Empowerment,” and “Digital Resilience.” Building on these pillars, Chunghwa Telecom will concentrate on six key themes to drive its growth: “Sustainability Opportunities,” “AI Applications,” “Resilience Enhancement,” “Next-Generation Networks,” “Reinvestments,” and “Asset Revitalization.” By leveraging its advantage of cross-sector collaboration, Chunghwa Telecom aims to accurately identify and address customer needs and business opportunities, enhance user value, consistently increase ARPU, and achieve steady growth in revenue and profitability across the Group.

In terms of market strategies, the three business groups—Consumer, Enterprise, and International—will capitalize on their momentum, accelerate expansion, and collaborate to explore new markets. The three technical divisions—Networks, Information, and Telecommunication Laboratories—will center on developing open, energy-efficient, all-photonic and converged networks, while strengthening data governance and deploying cutting-edge technologies. The Chunghwa team will embrace the new vision of “Chunghwa AI Ignites the Future,” by adopting two pivotal roles: an “Enabler” (delivering computing power services) and a “Co-creator” (driving AI applications across industries). These initiatives aim to accelerate dual transformations across different industries—digital transformation and net-zero transformation—boosting operational efficiency and enhancing industry competitiveness.

For 2025, the Company expects its total revenue to increase by NT$ 2.71~NT$3.71 billion, or 1.2%~1.6%, to NT$232.74~NT$233.74 billion as compared to the un-audited consolidated total revenue of 2024. The increase in revenue is expected to be propelled by the growth in mobile communications revenue, broadband access revenue, and data communications revenue, as well as revenue coming from the expansion of emerging businesses driven by the sustainable transformation opportunities, network resilience and security opportunities, and digital economy opportunities empowered by AI.

Operating costs and expenses for 2025 are expected to increase by NT$4.31~NT$4.38 billion, or 2.4%, to NT$187.58~NT$187.65 billion as compared to the prior year. The increase is mainly from the increasing cost of infrastructure that supports future business development, investment in talents, as well as the increasing operational cost due to the enhancement of network resilience and security driven by the evolving technologies, and higher electricity expense.

Income from operations is expected to decrease by NT$0.16~NT$1.58 billion, or -0.3%~3.4% to NT$45.30~NT$46.72 billion as compared to the prior year. Income before income tax, net income attributable to stockholders of the parent and net earnings per share are expected to be NT$46.11~NT$47.88 billion, NT$35.84~NT$37.39 billion and NT$4.62~NT$4.82, respectively, representing a decrease of NT$1.65 to an increase of NT$0.12 billion, a decrease of NT$1.37 to an increase of NT$ 0.18 billion and a decrease of NT$0.18 to an increase NT$0.02 respectively, year over year.

Acquisition of Property, Plant and Equipment in 2025 is expected to increase by NT$3.37 billion to NT$32.36 billion as compared to the prior year, owing to the expansion of AI internet data center, new construction of submarine cable, the investments in 5G deployment to maintain a competitive edge, enhance the network resilience and security, and the elimination of energy-intensive equipment to realize ESG practices.

Chunghwa Telecom Chairman Chien emphasized that the Company will follow a management philosophy focused on simplification (refining product value and simplify the process), pragmatism (optimizing resource allocation and boosting efficiency), and intelligence (advancing AI applications and enhancing overall synergy). This approach will lead the entire team in moving forward with “steadiness”. The first “steadiness” refers to ensuring stable growth in revenue and profits. The second aspect involves establishing a strong foothold in emerging markets and new technologies. Together, these efforts will drive the company towards its vision, achieving better business results, and leading the company to not only be “Always Ahead” but also “Always Amazingly Ahead”! Chunghwa Telecom will continuously create greater value for customers, strategic partners, shareholders, and its employees!

(NT$ billion except EPS)

2025(F)

2024

(un-audited)

change

YoY(%)

Revenue

232.74~233.74

230.03

2.71~3.71

1.2%~1.6%

Operating Costs and Expenses

187.58~187.65

183.27

4.31~4.38

2.4 %

Other Income and Expense

0.13~0.63

0.12

0.01~0.51

8.6%~419.0%

Income from Operations

45.30~46.72

46.88

(1.58)~(0.16)

(3.4%)~(0.3%)

Non-operating Income

0.81~1.16

0.88

(0.07)~0.28

(8.0%)~31.8%

Income before Income Tax

46.11~47.88

47.76

(1.65)~0.12

(3.5%)~0.3%

Net Income Attributable to Stockholders of The Parent

35.84~37.39

37.21

(1.37)~0.18

(3.7%)~0.5%

EPS(NT$)

4.62~4.82

4.80

(0.18)~0.02

(3.8%)~0.4%

EBITDA

86.04~87.46

86.50

(0.46)~0.96

(0.5%)~1.1%

EBITDA Margin

37.0%~37.4%

37.6 %

(0.6%)~(0.2%)

Acquisition of Material Assets

35.37

30.24

5.13

17.0 %

Acquisition of Property,

Plant and Equipment
and Intangible Assets

32.36

28.99

3.37

11.6 %

Others

3.01

1.25

1.76

140.8 %

Disposal of Material Assets

–

0.02

(0.02)

(100 %)

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.

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) certain financing costs, (iii) other expenses or income not related to the operation of the business, (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) other expenses or income not related to the operation of the business, (iv) income tax, (v) (income) loss from discontinued operations.

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;these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company’s T-IFRSs financial measures;these non-GAAP financial measures should not be considered to be superior to the Company’s T-IFRSs financial measures; andthese 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

Contact:              Angela Tsai
Phone:                 +886 2 2344 5488
Email:                chtir@cht.com.tw

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SOURCE Chunghwa Telecom

Technology

HKU holds Entrance Scholarships Award Ceremony for 2025-26

Published

23 minutes ago

May 5, 2026

HONG KONG, May 5, 2026 /PRNewswire/ — The University of Hong Kong (HKU) recently held the HKU Entrance Scholarships Award Ceremony to recognise the outstanding academic and non-academic achievements of students admitted to the University in the 2025-26 academic year.

Over 700 student awardees, parents, and guests attended the ceremony, which was officiated by Professor Xiang Zhang, President and Vice-Chancellor of HKU. In his welcoming remark, Professor Zhang said that the University was establishing a new AI Hub initiative to fundamentally transform the way of teaching with the integration of AI. Noting that AI development might drastically redefine education and certain professions within the next decade, he encourages students to be creative and equip themselves as future pioneers to help drive the transformation.

Benefactors of the ‘Hon Ping Entrance Scholarship for Nigerian Students,’ ‘Jardine HKU Scholarship,’ ‘Lee Shau Kee Top Athletes Scholarships,’ ‘QRT-HKU Scholarship,’ ‘Rosita King Ho Scholarship,’ ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ and ‘The Hong Kong Jockey Club Striding On Scholarship,’ as well as Professor Jay Siegel, Vice-President and Pro-Vice-Chancellor (Teaching and Learning) at HKU, and Professor Ian Holliday, Registrar at HKU, were among the guests of honour who presented awards to the students.

Representatives from 11 Consulates-General, including Bangladesh, India, Indonesia, Mongolia, Myanmar, Nigeria, Pakistan, the Philippines, Turkey, Thailand, and Vietnam, attended the event to extend their warm wishes to the student awardees. Representatives from over 30 local secondary schools were also present to celebrate with their former students.

The students awarded have excelled in a variety of fields. They include 55 President’s Scholars. Other scholarships awarded include ‘The Hong Kong Jockey Club Chairman’s Scholarship,’ for students with exceptional academic achievements; the ‘Lee Shau Kee Top Athletes Scholarship,’ for outstanding young athletes admitted to HKU through the ‘Top Athletes Direct Admission Scheme’; and the ‘Belt and Road Scholarship,’ which recognises students coming from Belt and Road countries.

In addition to expressing their happiness at receiving the scholarships, the awardees also look forward to their university life and future career endeavours.

João Davi de Morais, recipient of the HKU Scholarship for Future Leaders from the Bachelor of Arts in Humanities and Digital Technologies programme, emphasised the transformative impact of the scholarship in enabling him to become the first person in his community to pursue international higher education. Raised in Brazil’s seventh-largest vulnerable community, João is a strong advocate for education for underprivileged youth. He presented his journalism work on Brazilian early childhood education at the 80th United Nations General Assembly, where he met the Brazilian Minister of Education and contributed to the announcement of new daycare centres in his home state. João hoped his story would inspire low-income youth to pursue education as a path beyond social barriers, and he remains committed to creating positive change in education as a young leader.

Awarded the HKU Undergraduate Entrance Scholarship for President’s Scholars and currently pursuing the Bachelor of Engineering Elite Programme, Aryan Sokhiya recounted his high school project developing and pitching a gamified platform to address plastic litter. This experience inspired him to see engineering as a discipline that can transform ideas into scalable, real-world impact by connecting people, ideas, and purpose. Aryan expressed his appreciation for HKU’s interdisciplinary approach to tackling technological challenges and thanked the scholarship for providing not only financial support but also opportunities for intentional personal growth.

As a recipient of the Lee Shau Kee Top Athletes Scholarship and a long-jump athlete representing Hong Kong at the 15th National Games of China and the Asian Athletics Championships, Jia Wai Yin Tiffany is now pursuing the Bachelor of Biomedical Sciences. Tiffany shared her unique educational journey as a student-athlete. She credited the perseverance and resilience developed through sports for her academic success and expressed deep gratitude to the University and scholarship for providing flexibility, guidance, and support as she continues to pursue excellence in both athletics and academics.

Naziba Sayem, recipient of the Belt and Road Scholarship from Bangladesh and a Bachelor of Science student, highlighted her mother’s resilience in battling a rare autoimmune disease as the inspiration behind her pursuit of Molecular Biology and Biotechnology at HKU. Despite financial constraints, her parents’ unwavering support for her education encouraged Naziba to remain ambitious and hopeful. As a Belt and Road Scholar, she is proud to represent her country and the spirit of the initiative. Naziba hopes to leverage her education at HKU to contribute to research in Bangladesh and inspire others to overcome challenges, pursue their dreams, and further the values of global cooperation.

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Technology

MSEED and SCOPE Global Skills University Sign Strategic Partnership to Shape the Future of Experiential Marketing Education

Published

23 minutes ago

May 5, 2026

MUMBAI, India and BHOPAL, India, May 5, 2026 /PRNewswire/ — Premium education institute MSEED (The Management School of Events and Experience Design) today partnered with SCOPE Global Skills University, Bhopal, to introduce a two-year MBA in Event Management and Experiential Marketing.

Besides boosting students academically, this association intends to equip them with the evolving demands of events and the experiential marketing ecosystem. Furthermore, the collaboration will be fueled by industry expertise and academic structure, helping students build a career in the fast-growing fields of events, entertainment, and experiential marketing.

At a time when experiential marketing is ‘evolving from a tactical activation to a strategic growth engine for brands’, this collaboration serves right.

Speaking on this exclusive partnership between MSEED and SCOPE, Joshua Newman, Vice-President – Marketing & Partnerships, MSEED, said, “Our focus has always been on outcomes, not just education. This partnership allows us to extend that vision by working with SCOPE Global Skills University to create a program that prepares students for real careers. From curriculum to classroom delivery and industry exposure, every aspect is designed to ensure that students graduate with confidence, clarity, and practical experience.”

The MBA program is designed to:

Provide a recognized postgraduate qualification with a specialized focusBuild practical skills through real-world projects and case studiesOffering industry interaction, mentorship, and exposureSupport students with internship and placement opportunities

Dr. Vijay Singh, Vice Chancellor of SGSU, hailed the launch as a landmark moment for the city. “This is a remarkable event not just for our university, but for the city of Bhopal. We are witnessing a paradigm shift in how specialized education is delivered in Madhya Pradesh. By launching this MBA in Event Management, we are providing our youth with a platform to master the art of execution, creativity, and management right here in their home state,” he said.

The partnership was formally cemented through the signing of an agreement between the two institutions in the esteemed presence of Mangubhai C. Patel, the current and 19th Governor of Madhya Pradesh, marking a significant milestone in the evolution of industry-integrated education in India.

For more information on events and experiential marketing, please visit our website.

Media Contacts:
For media inquiries, please contact
Tasneem Limbdiwala
tasneem@mseededucation.com

About MSEED

MSEED, a part of EVA Group, India’s one of the largest live event companies, and backed by 200 odd industry veterans, the institute brings with it deep-rooted industry expertise and real-world insights. It is a creative business institute designed for the next generation of storytellers, strategists, producers, and brand builders. The mission is not just to prepare students for jobs, but to lead industries.

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Technology

ADECCO GROUP DIVIDEND 2026: ANNOUNCEMENT OF FINAL TERMS

Published

23 minutes ago

May 5, 2026

AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

Group press release

Scrip dividend take-up rate of 53.01%Reference share price of CHF 18.02, with an issue price of CHF 16.945,268,324 new shares to be issued

ZURICH, May 5, 2026 /PRNewswire/ — Adecco Group’s Annual General Meeting, held on April 15, 2026, offered its shareholders the option to receive the 2025 dividend in cash or in new Adecco Group shares.

The Adecco Group announces today that 53.01% of the dividend for the financial year 2025 was elected to be paid in the form of new Adecco Group AG shares, while the remaining 46.99% will be paid out in cash.

The reference share price was set at CHF 18.02, based on the daily volume-weighted average price of existing Adecco Group AG shares traded on the SIX Swiss Exchange between April 21, 2026 and May 4, 2026. The issue price of the new shares of CHF 16.94, was set at a 6.0% discount to the reference share price, resulting in a conversion ratio of 16.940.

5,268,324 new Adecco Group AG shares will be issued through a capital increase for the scrip dividend. The delivery of new shares and the total CHF 79 million cash dividend payment is planned for May 7, 2026.

Denis Machuel, Adecco Group CEO, commented:

“We are pleased with the take-up of our scrip dividend and thank our shareholders for their partnership and support of the Group’s strategy. We remain focused on ensuring an attractive and sustainable dividend policy, delivering attractive returns to our shareholders while retaining financial flexibility to invest in our competitive differentiators and prioritize deleveraging.”

Adecco Group will be reporting its first quarter results on May 13, 2026.

The Adecco Group is the world’s leading talent and technology expertise company. Our purpose is making the future work for everyone. Through our three global business units – Adecco, Akkodis and LHH – across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organizations to optimize their workforces. The Adecco Group leads by example and is committed to fostering sustainable employability and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

For further information please contact:

Investor Relations
investor.relations@adeccogroup.com
+41 (0)44 878 88 88

Press Office
media@adeccogroup.com
+41 (0) 79 876 09 21

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SOURCE The Adecco Group