StarHub Ltd posted a net profit attributable to shareholders of S$258.1 million for the six months ended Jun 30, 2026, swinging sharply on the back of a one-off gain from terminating its Aggregate Assigned Rights in cybersecurity firm Ensign.
Total revenue, excluding Ensign, came in at S$874.3 million, while service revenue reached S$744.4 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at S$158.6 million. The board declared an interim dividend of 3.0 Singapore cents per ordinary share for 1H2026; no comparative figure was provided for the year-earlier period.
Consumer-facing operations benefited from an expanded partnership with virtual operator MyRepublic, which will migrate all of its 4G subscribers onto StarHub’s network, reinforcing StarHub’s position as Singapore’s second-largest mobile player by revenue share. In Enterprise, won orderbook for Regional Enterprise and Managed Services rose about 49 per cent and 52 per cent respectively year-on-year, underpinning service-revenue growth.
Profitability was helped by the S$258.1 million one-off disposal gain linked to Ensign’s reclassification as an associate. Excluding that item, underlying earnings were weighed by ongoing market competition, higher technology infrastructure costs and longer enterprise sales cycles.
To counter margin pressure, the group is pushing ahead with a cost-management programme covering network optimisation, legacy system decommissioning, automation and business simplification. Management expects these initiatives to deliver annualised savings of roughly S$70 million by end-2028; about 10 per cent of that target had been realised by Jun 30.
Chief executive Nikhil Eapen said the company is “competing with greater precision across brands and customer segments” while sharpening capital allocation. He indicated that proceeds from the Ensign transaction have improved financial flexibility, allowing StarHub to pursue higher-return opportunities and to build a more resilient business. Eapen added that Enterprise demand remains healthy but cautioned that tighter customer budgets and AI-driven insourcing could temper near-term revenue conversion.
Looking ahead, StarHub maintained its full-year 2026 guidance. Management reiterated plans to invest selectively in network resilience and differentiated customer propositions, while keeping to its dividend outlook of at least 6.0 Singapore cents per share for the year.