TAIPEI, May 8, 2025 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) today reported its un-audited operating results for the first quarter of 2025. All figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“T-IFRSs”) on a consolidated basis.

(Comparisons throughout the press release, unless otherwise stated, are made with regard to the prior year period.)

First Quarter 2025 Financial Highlights

Total revenue increased by 1.6% to NT$ 55.81 billion.Consumer Business Group revenue decreased by 0.2% to NT$ 34.57 billion.Enterprise Business Group revenue increased by 2.3% to NT$ 17.34 billion.International Business Group revenue increased by 0.9% to NT$ 2.44 billion.Total operating costs and expenses increased by 0.6% to NT$ 43.29 billion.Operating income increased by 5.0% to NT$ 12.52 billion.EBITDA increased by 3.2% to NT$ 22.53 billion.Net income attributable to stockholders of the parent increased by 4.3% to NT$ 9.80 billion.Basic earnings per share (EPS) was NT$1.26.Operating income, income before tax, net income attributable to stockholders of the parent and EPS all exceeded our proposed guidance.

“Chunghwa reported a solid start to 2025, achieving strong EPS and net income growth in the first quarter driven by robust operations and a leading market position,” stated Mr. Chih-Cheng Chien, Chairman and CEO of Chunghwa Telecom. “Despite the rapid changes in the macroeconomic climate due to global tariff concerns, we see no material impact and believe these changes may present future growth avenues for our international business. That’s why we expanded our Arizona office and launched a new office in Texas recently to support business development.”

“In the first quarter, we continued to see penetration of cross-tier upgrade promotion packages and capitalized on strong momentum in Taiwan’s mobile market, expanding market share to 40.5% and further strengthening our position as the market leader with the highest subscriber share at 39.1%. Such achievement helped drive our Consumer Business Group to deliver a 4.9% year-over-year increase in income before tax. Our Enterprise Business Groups leveraged momentum delivering 11.6% year-over year growth in Enterprise ICT revenue fueled by project revenue recognition, strong execution across our core business pillars, and sustained growth in recurring revenue including positive revenue growth in our cybersecurity, IDC, and cloud businesses. This growth was offset by continued decline in EBG’s fixed voice revenue, which led to a 3.8% year over-year decrease in income before tax. In our International Business Group, income before tax increased 1.6% year-over-year driven by growth in overseas subsidiaries and double-digit revenues growth in businesses in Singapore, Vietnam and Thailand.” said Mr. Rong-Shy Lin, President of Chunghwa Telecom.

“In January, as a part of our “Sea, Land, and Sky” initiative, we successfully collaborated with partners to integrate ST-2 high-orbit satellite with 5G base stations to realize end-to-end two-way video calls based on the latest 3GPP communication protocol. In April, we finalized a strategic partnership with the U.S. innovator Astranis to bring a dedicated Micro GEO satellite to Taiwan. Finally, we announced our investment in E2A, the trans-Pacific undersea cable connecting Asia to North America,” added Mr. Lin.

Revenue

Chunghwa Telecom’s total revenues for the first quarter of 2025 increased by 1.6% to NT$ 55.81 billion.

Consumer Business Group’s revenue for the first quarter of 2025 decreased by 0.2% YoY to NT$ 34.57 billion. Mobile service revenue increased 3.1% YoY, mainly due to 5G migration and increasing postpaid subscribers, and the increase of OTT revenue driven by sports content and our exclusive release of popular dramas. CBG’s income before tax increased 4.9% YoY, which is quite healthy, as our fixed broadband ARPU continue to hold up.

Enterprise Business Group’s revenue for the first quarter of 2025 increased 2.3% YoY to NT$ 17.34 billion, mainly driven by our robust growth in ICT business, which saw a 11.6% year-over-year increase in revenue, fueled by the strong performance of our emerging services. This growth was offset by continued declines in EBG’s fixed voice revenue which led to a 3.8% year over-year decrease in income before tax.

International Business Group’s revenue for the first quarter of 2025 increased by 0.9% to NT$ 2.44 billion, while its income before tax increased 1.6% YoY. The positive growth was mainly due to its robust international IDC business growth and the continued strong demand for integrated ICT services in the global market.

Operating Costs and Expenses

Total operating costs and expenses for the first quarter of 2025 increased by 0.6% to NT$ 43.29 billion, mainly due to higher manpower cost and the growing ICT business.

Operating Income and Net Income

Operating income for the first quarter of 2025 increased by 5.0% to NT$ 12.52 billion. The operating margin was 22.4%, as compared to 21.7% in the same period of 2024. Net income attributable to stockholders of the parent increased by 4.3% to NT$ 9.80 billion. Basic earnings per share was NT$1.26.

Cash Flow and EBITDA

Cash flow from operating activities, as of March 31th, 2025, decreased by 8.6% year over year to NT$ 12.91 billion, mainly due to the rise in settlements of accounts payable.

Cash and cash equivalents, as of March 31th, 2025, decreased by 12.8% to NT$ 29.05 billion as compared to that as of March 31th, 2024.

EBITDA for the first quarter of 2025 was NT$ 22.53 billion, increasing by 3.2% year over year. EBITDA margin was 40.37%, as compared to 39.74% in the same period of 2024.

Business Highlights

Mobile

As of March 31th, 2025, Chunghwa Telecom had 13.11 million mobile subscribers, representing a 0.9% year-over-year decrease. In the first quarter, total mobile service revenue increased by 1.9% to NT$ 16.95 billion, while mobile post-paid ARPU excluding IoT SIMs maintained stable and flat year over year at NT$ 553.

Fixed Broadband/HiNet

As of March 31th, 2025, the number of broadband subscribers slightly increased by 0.8% to 4.43 million. The number of HiNet broadband subscribers increased by 1.4% to 3.75 million. In the first quarter, total fixed broadband revenue grew 2.5% year over year to NT$ 11.46 billion, while ARPU increased 2.1% to NT$ 798.

Fixed line

As of March 31th, 2025, the number of fixed-line subscribers was 8.83 million.

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;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

LONDON, May 8, 2025 /PRNewswire/ — Cadent, the UK’s largest gas distribution network and GD4S member, has selected OverIT as its new strategic Field Service Management (FSM) software partner. The deployment of OverIT NextGen Platform will support 3,600 users (incl. field engineers and back-office teams), streamlining operations and driving innovation across Cadent’s expansive 82,000-mile gas pipeline network.

Serving over 11 million customers across its five networks (from North West to South East) and England’s three biggest cities, Cadent operates within one of the UK’s most complex and high-pressure utility environments. In this context, field efficiency, safety, and responsiveness are essential to ensuring a reliable delivery of energy to homes, businesses, hospitals, and schools. Cadent’s decision to partner with OverIT reflects its commitment to digital transformation, sustainability, and future-ready infrastructure.

The OverIT NextGen Platform offers a utility-specific, modern, and flexible solution capable of ensuring business continuity and improving operational excellence and reliability, even under the pressure of mission-critical operations. It provides end-to-end FSM capabilities, covering every phase of the field service lifecycle, from scheduling to mobile execution, within a single, integrated environment. Users will benefit from being able to access a single source of truth system, improving data access and streamlining workflows.

Ultimately, Cadent’s selection of OverIT was driven by the demonstrated track record of complex implementations for utilities across the globe, combined with OverIT’s deep expertise and knowledge of gas utility operations and processes.

Simon Eves, Head of IT Business Partnering at Cadent
“As a future-focused business, implementing a new strategic Field Services Management solution is important for us to keep our systems modern. Our IT and Business Teams are excited to partner with OverIT and we’ll be working very closely over the next 12 months and beyond, to bring the best from its excellent product set to bear in Energy and Customer Operations.” 

Paolo Bergamo, CEO at OverIT
“We are extremely excited to support Cadent, a true leader in the gas utility sector. We look forward to a strong, long-term partnership, providing Cadent with the field service tools, technology, and support it needs to manage its mission-critical operations and ensure the safe and reliable delivery of energy to millions of customers across the UK.”

Cadent is the UK’s largest gas distribution network with a 200-year legacy. We are in a unique position to build on strong foundations whilst encouraging the curiosity to think differently and the courage to embrace change. Day to day we continue to operate, maintain and innovate the UK’s largest gas network, transporting gas safely and protecting people in an emergency. Our skilled engineers and specialists remain committed to the communities we serve, working day and night to ensure gas reaches 11 million homes from Cumbria to North London and the Welsh Borders to East Anglia, to keep your energy flowing.

Here at Cadent we support the Government’s plans to reach Net Zero by 2050. That means we’re backing the introduction of hydrogen as a low carbon alternative to natural gas for the future. We know people love the controllability of gas and, with our network already in place, it makes sense to switch to the lower carbon alternative offered by hydrogen, which we believe can keep homes and businesses warm for generations to come.

Cadent manages the national gas emergency service free phone line on behalf of the gas industry – 0800 111 999*

Cadent Gas Ltd is owned by a consortium of global investors.

*All calls are recorded and may be monitored.

OverIT, backed by Bain Capital and Renaissance, is a multinational company with 25+ years of international and cross-industry experience in Field Service Management software. The company is recognised by premier global advisory and consulting organisations as a leading FSM, geospatial, and AR industries vendor, according to its product offering and deep industry expertise.

Logo – https://mma.prnewswire.com/media/2424746/OverIT_Logo.jpg

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Buoyed by the recent release of Apache Airflow® 3, rapid customer momentum and additional funding, Astronomer expands its EMEA presence

LONDON, May 8, 2025 /PRNewswire/ — Astronomer, the company behind Astro, the leading unified DataOps platform powered by Apache Airflow®, today announced an office opening in the City of London to serve as its regional headquarters for EMEA. Astronomer has been experiencing significant momentum in EMEA, and is actively seeking to hire sales and engineering talent.

Airflow has become the de facto standard for data orchestration, downloaded 324 million times in 2024 alone, and EMEA is one of the most popular regions for Airflow usage. More than 21,000 organizations in EMEA depend on Airflow for their data needs. Astronomer has more than 190 customers in the region, leveraging Astronomer to drive everything from production AI to compliance with regulation such as the Digital Operational Resilience Act (DORA). With the recent release of Airflow 3.0, the most significant update in project history, that momentum is anticipated to continue in EMEA.

“In today’s AI era, the organizations that succeed are those that can rely on trustworthy, fresh data delivered consistently and Astronomer’s unified DataOps platform empowers teams to build, run, and observe mission-critical data workflows at enterprise scale,” said Andy Byron, CEO, Astronomer. “EMEA has always been a region that has an elevated standard for data practices, and we are excited to double-down on our investment in the region. This means meeting the global demand we are seeing for Astro, to support everything from production AI to maintaining continuous compliance with evolving data regulation.”

Astronomer Sees Accelerating Momentum Throughout European Customer and Prospect Base

Astronomer has experienced remarkable growth in EMEA since expanding its presence in the region in September 2024. Examples that showcase this growth include:

105% YoY ARR growth in EMEA190+ EMEA customers941M+ annualized task runs in EMEA, representing 34% of global task runs

This momentum contributed to Astronomer’s recent $93M Series D funding round, some of which will be allocated to strategically expand the company’s international presence. 

How Astronomer Helps Financial Institutions on Their Path to DORA Compliance

Astronomer’s cloud-native data orchestration platform, Astro, provides a robust solution for financial institutions seeking to comply with DORA. A critical dimension of operational resilience is data: its accuracy, availability, and trustworthiness underpin everything from regulatory reporting to AI, to analytics, and real-time decision-making. Astronomer is committed to supporting financial institutions in meeting DORA requirements by integrating robust security measures and best practices into its unified DataOps platform. With a focus on resilience, compliance, and secure data orchestration, Astronomer helps organizations strengthen their operational defenses, manage ICT risks, and safeguard critical data assets.

“Throughout our significant expansion in EMEA, which has seen our regional team triple in size in the past year, two critical market needs have consistently emerged from customer conversations,” said Phil Duggan, EMEA Regional Vice President, Astronomer. “Businesses are seeking solutions that boost operational agility, enhance data product reliability, and accelerate development cycles—all while maintaining cost efficiency. Additionally, there is a strong demand for platforms that take AI initiatives out of prototype and into production. At Astronomer, we are uniquely positioned to address these challenges for EMEA’s leading businesses and seize the massive opportunity in the region.”

Learn everything about Airflow 3 at the Astronomer Roadshow: London on May 21

In addition to helping to organize numerous Airflow Community Meetups and Astronomer-led events around the world, Astronomer is hosting a series of free Astronomer Roadshows to showcase the powerful new capabilities in Airflow 3, including an event in the City of London on May 21. Attendees will receive a deep dive into key new features including: DAG Versioning, native backfill management and improved support for AI, ML and event-driven workloads.

Further Resources:

RSVP for the upcoming Astronomer Roadshow: Exploring Apache Airflow 3 event in London on May 21, 2025Download and explore Apache Airflow 3Try Astro now with a 14-day free trial, featuring Airflow 3 support

About Astronomer

Astronomer empowers data teams to bring mission-critical software, analytics, and AI to life and is the company behind Astro, the industry-leading unified DataOps platform powered by Apache Airflow®. Astro accelerates building reliable data products that unlock insights, unleash AI value, and power data-driven applications. Trusted by more than 700 of the world’s leading enterprises, Astronomer lets businesses do more with their data. To learn more, visit www.astronomer.io.

Apache® and Apache Airflow® are either registered trademarks or trademarks of the Apache Software Foundation in the United States and/or other countries. No endorsement by the Apache Software Foundation is implied by the use of these marks. All other trademarks are the property of their respective owners.

Media Contact:
Taylor Jones
press@astronomer.io

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SOURCE Astronomer