Far EasTone''s Q1 Revenue Hits Record High, EPS NT.03; 5G Penetration Reaches 48.4%

Central News Agency (CNA) Reporter Chiang Ming-yen, Taipei, 7th – Far EasTone Telecommunications (FET) achieved its highest-ever first-quarter revenue, with earnings per share (EPS) of NT.03. FET stated that the launch of new devices from major brands in Q1 drove 5G upgrades and replacements, leading to a 42% year-on-year increase in monthly subscription fees for renewing customers, and a 5G penetration rate of 48.4%. In the second half of the year, FET will continue to amplify the benefits of its investment layout and deepen synergies among its subsidiaries. Far EasTone Telecommunications held its Q1 2026 investor conference today. Its three major growth engines – mobile services, personal digital services, and enterprise smart ICT – performed brilliantly, once again setting a new historical high for the same period. Consolidated total revenue reached NT7.81 billion, marking the highest-ever Q1 revenue, with a year-on-year growth rate of 6.8%, achieving 22 consecutive quarters of growth. Consolidated EBITDA (earnings before interest, taxes, depreciation, and amortization) was NT0.08 billion, a year-on-year growth of 6.3%, setting a new single-quarter historical high. Net profit after tax was NT.71 billion, with a year-on-year growth rate of 14.4%, and earnings per share (EPS) of NT.03, achieving 108% of the financial forecast. Far EasTone pointed out that mobile services and handset sales were outstanding in Q1, benefiting from the launch of new devices from major brands driving 5G upgrades and replacements. The demand for 5G upgrades led to a 42% year-on-year increase in monthly subscription fees for overall renewing customers, with 5G penetration reaching 48.4%. Far EasTone noted that enterprise smart ICT services grew steadily, with smart ICT contract value increasing by 84% year-on-year in Q1. In terms of sustainable smart cities, ''Smart Intersection Signal Networking'' has been deployed at over 1,300 intersections in Taipei City, and air quality monitoring services have expanded to three counties and cities. The AI wave is accelerating enterprise digital transformation, and Far EasTone stated that its Microsoft licensing solutions business saw a 51% year-on-year revenue growth in Q1. Furthermore, Far EasTone''s independently developed AI platform, ''Far EasTone Smart Spirit,'' recently debuted at the 2026 Mobile World Congress (MWC), demonstrating its AI application implementation capabilities and potential for scaled development, highlighting its forward-looking layout in enterprise AI and smart ICT. Looking ahead to the second half of 2026, Far EasTone will continue to amplify the benefits of its investment layout and deepen synergistic effects among its subsidiaries; it will also continue to expand its personal digital service ecosystem through the ''Far EasTone Heart Life'' and ''Where to Eat'' platforms; simultaneously, it will scale up AI commercialization to accelerate enterprise clients'' digital transformation and product innovation. Far EasTone will focus on three major strategies: ''Amplify Synergy, Amplify Services, Amplify AI,'' to initiate a new growth curve and embrace a new phase in 2026, a year of takeoff. (Edited by Lin Chia-hsien) 1150507