On April 25, Gelonghui reported that HKBN (01310.HK) announced that for the six months ending February 28, 2025, revenue (excluding mobile phone sales) grew by 4%. This was mainly due to the sales performance of mobile phones and Other Products falling short of expectations, leading to a total revenue decrease of 1% to 5.734 billion HKD (same unit). Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 5% to 1.206 billion HKD, driven by strong operational performance and strategic initiatives. Adjusted free cash flow grew by 2% to 0.126 billion HKD, attributed to improvements in EBITDA and reduced interest expenses.
During the period, Net income soared from 1.5 million HKD to 0.108 billion HKD, mainly benefiting from improved operational efficiency to reduce operating expenses and decreased financing costs. Considering the company's dividend policy and anticipated capital expenditure needs, to create long-term value for Shareholders, the Board of Directors has resolved to declare an interim dividend of 15.5 HKD cents per share (February 29, 2024: 15 HKD cents per share).
