StarHub Ltd (CC3) reported on May, 07 2026 that net profit attributable to shareholders for the three months ended Mar, 31 2026 fell 81.3 per cent year on year to 5.9 million Singapore dollars, dragged by lower service revenue and higher operating costs.

Service revenue declined 3.9 per cent to 445.7 million Singapore dollars, weighed down by softer contributions from consumer mobile, broadband and entertainment businesses as well as a 4.8 per cent slide in regional enterprise sales due to project timing. Total revenue slipped 6.1 per cent to 507.3 million Singapore dollars.

Earnings before interest, tax, depreciation and amortisation (EBITDA) decreased 22.5 per cent to 77.7 million Singapore dollars, as lower gross profit was compounded by higher staff, repair and maintenance, and marketing expenses. Net finance costs and increased depreciation and amortisation also pressured the bottom line.

Free cash flow stood at 26.6 million Singapore dollars, while cash on hand totalled 867.2 million Singapore dollars. Net debt to trailing 12-month EBITDA was 2.09 times as at Mar, 31 2026, with roughly 80 per cent of debt at fixed rates.

In April 2026 the group divested 16.81 per cent of cybersecurity unit Ensign for 121 million Singapore dollars, retaining a 38.92 per cent stake. The transaction is expected to generate a fair-value gain of about 244 million Singapore dollars, bolstering liquidity and improving leverage metrics.

StarHub said it will continue focusing on cost optimisation through legacy decommissioning, network and systems rationalisation, and business simplification, while prioritising customer lifetime value in its consumer segment and scaling its enterprise orderbook.