HKBN (01310) Announces Second Interim Results, Net Profit HK$317 million, Up 53% Year-on-Year

HKBN (01310) Announces Second Interim Results for the 12 Months Ended August 31, 2026: Revenue HK$11.821 billion, Up 6% YoY; Net Profit HK$317 million, Up 53% YoY; Earnings Per Share 21.4 HK cents. EBITDA was HK$2.487 billion, up 1% year-on-year, including discretionary bonuses considered for salary adjustments and enhancing employee service quality; excluding these factors, it grew 4% year-on-year. Adjusted free cash flow increased 1% to HK$681 million, attributable to improved EBITDA and reduced bank loan interest expenses, partially offset by increased capital expenditure and working capital outflows. Net profit grew 53% to HK$317 million. During the period, the financing structure was optimized; although one-off expenses were incurred from early repayment of bank financing, interest expenses were significantly reduced, the core business remained solid, and profitability was good.