Total revenue amounts to HK$4,807 million

Profit attributable to equity shareholders of HK$461 million

Interim dividend per share of HK6.0 cents

(15 August 2025, Hong Kong) — CITIC Telecom International Holdings Limited (“CITIC Telecom” or the “Group”; stock code: 1883) has reported that the profit attributable to equity shareholders was HK$461 million for the six months ended 30 June 2025 (the “Period”) (1H2024: HK$455 million), an increase of 1.3% year-on-year, or an increase of 3.3% year-on-year if the effect of investment property valuation is excluded.

The Group’s total revenue decreased 1.7% year-on-year to HK$4,807 million, while revenue from telecommunications services decreased 2.1% year-on-year to HK$4,072 million. The decrease was due to the drop in revenue from enterprise solutions and fixed line services, but was partially offset by the increase in revenue from mobile services, internet services and international telecommunications services. Basic earnings per share increased 1.6% year-on-year to HK12.5 cents (1H2024: HK12.3 cents).

The Board declared an interim dividend of HK6.0 cents per share for 2025, which is in line with the corresponding period of the previous year.

Mr. LUO Xicheng, Chairman of CITIC Telecom, said, “In the first half of 2025, the international economic landscape remained complex and intricate. The accelerated iteration of technologies and products in the information and communication industry has made market competition increasingly fierce, while opportunities and challenges coexist in development. The Group seized firmly the opportunities presented by the latest technological revolution and industrial transformation to step up with the building of itself into a technology-based enterprise. Focused on technological aspects such as cloud network, computing and AI, the Group continued to increase its effort in mastering critical core technologies and expedited the development of new quality productive forces, consistently improving the standard of international operations. The Group remained deeply committed to the Hong Kong and Macau markets, firmly seized opportunities for development presented by the ‘Belt and Road’ initiative and explored broader overseas emerging markets, and strives to become the preferred partner in digitalisation and intelligentisation for enterprises seeking international business development. The Group actively coordinated its current operations and long-term development with a dual emphasis on growth in scale and improvement in value. The Group’s operating efficiency has been sound and stable while new dynamics and advantages have been rapidly coming into shape. The Group has advanced in solid steps towards the goal of becoming a ‘leading digitalised and intelligentised comprehensive telecommunications enterprise in the Asia Pacific region’.”

The Group has maintained a healthy financial position and stable cash flows. As at 30 June 2025, the Group recorded cash and deposits of approximately HK$1,714 million, which is sufficient to cover its financial obligations and contractual capital commitments in the coming 12 months. The Group has also actively reduced its debt and continued to optimise its net gearing ratio. As at 30 June 2025, the Group’s net gearing ratio further declined to 14% (31 December 2024: 18%).

Business Highlights

Companhia de Telecomunicações de Macau, S.A. (“CTM”) has further explored the Macau market. As at 30 June 2025, the Group stayed firmly atop in the Macau broadband market in terms of market share. The Group has over 800,000 5G users registered in Macau, with a penetration rate of nearly 100%. During the Period, CTM consistently expanded superb private network products and scenario-based services, in adherence to the principle of achieving leadership in the smart-home segment through innovation. In the Macau market, the Group provided customised 5.5G private network service to government and corporate customers, and continued to enrich novel personal digital applications such as cloud-based games to add value for mobile users and increase user stickiness.

Mobile sales & services revenue increased by 3.6% year-on-year to HK$1,283 million, including the revenues from sales of mobile handsets and equipment and mobile services. Besides, mobile services revenue was up 7.5% to HK$548 million when compared to the corresponding period of last year, mainly as a result of higher postpaid revenue contributed by an increase in the number of mobile subscribers, mobile market share, as well as the 5G penetration rate.

The Group continuously focused on the upgrade of Internet services, advanced large-scale penetration. During the Period, the Group continued to lead the industry in the Macau market, taking the lead in launching F5.5G fiber broadband internet service in an ongoing improvement of user experience. The Group integrated 50G-PON, 5.5G (5G-A) and Wi-Fi 7 network technologies and implemented the first “10 Gigabit Neighbourhood” in Macau in a continuous effort to drive the construction of “Digital Macau” as a 10 Gigabit smart city. As at 30 June 2025, the Group stayed firmly atop in the Macau broadband market in terms of market share. Internet services revenue increased by 2.3% year-on-year to HK$754 million, mainly driven by the increase in demand for internet services in Chinese mainland and the increase in revenue from fibre broadband service.

The Group generally upgraded platform servicing capabilities and extended collaboration with the industry ecosphere, facilitating new business development, both revenue from voice services and “DataMall自由行” services increased. During the Period, vigorous efforts were being made to drive the 4/5G upgrade of our “DataMall自由行” platform, while the VoLTE upgrade of our “SIMN” platform was completed. The trial commercial application of our innovative “Global Smart Mobile Authentication Service” and “Cross-border 5G SD-WAN Lease Line” products and services were officially launched. At the same time, the Group has actively advanced mutually beneficial cooperation with primary telecom carriers and industry partners in areas such as cross-border data, IPX interconnection and others, entered into or renewed strategic cooperation agreements with its business partners, such as communication equipment manufacturers and telecom carriers, to further strengthen cooperation in international telecommunications and enterprise messaging services. The Group also entered into a cooperation agreement with Shenzhen Data Exchange to become a compliance data provider whilst developing compliant cross-border data flow and trade services. Revenue from voice services and “DataMall 自由行” services increased by 11.1% and 11.9% year-on-year to HK$999 million and HK$75 million respectively.

Enabling prospective planning with AI, exploring Enterprise solutions business growth opportunities. Enterprise solutions revenue decreased by 15.2% year-on-year to HK$1,364 million, mainly due to lower project revenue from government and enterprises in Macau, Chinese mainland and Southeast Asian countries, as well as the decrease in leased line revenues. The Group actively explored new paths, launched specific solutions enabling implementation in connection with the emerging new requirements of corporate customers for network and security in AI application scenarios. Two new products, “AI Databank” and “Workflow+”, were introduced to provide assistance to customers in their endeavours to automate business processes and add value to data elements under the trend of digital transformation, so that they could seize the opportunities arising from digital transformation.

The Group focused on serving enterprises “Going Global” and “Bringing In” with enhanced effort in overseas business expansion. The Group has continued to expand in key network hub regions around the globe, enhancing its capabilities in information infrastructure such as network, cloud computing and security. As at 30 June 2025, the Group operated nearly 170 PoPs deployed worldwide, covering 160 countries and regions on five continents with over 60 SD-WAN gateways. During the Period, the Group added a new network PoP in Yibin, Sichuan and built new trusted and innovative hybrid cloud platforms in Beijing and Guangzhou, whilst completing backbone network bandwidth upgrades in Vietnam and Indonesia. ServiceONE in Southeast Asia was offering support to over 90 institutions, serving more than 30,000 end-users. The Group successfully entered into internet service agreements with local customers in the Philippines to achieve new business breakthrough after obtaining the country’s internet licence. In Malaysia, the Group made further business development endeavours with existing customers and entered into network cooperation projects with a large well-known local chain store.

The leading effect of technological innovation in play, achieve fruitful results through digitalised and intelligentised empowerment. During the Period, the RJET project, a smart tourism project jointly developed by the Group and its partners won the third prize in the “Open Gateway Global Use Case Innovation Challenge” during MWC Barcelona 2025. The “Water Regime Forecast in the Minjiang River Basin Based on Artificial Intelligence” project was honoured with a third prize in the “2025 Digital China Innovation Contest” under the data element category. The “AI Databank”, an innovative AI product, received a Silver Medal at the “50^th International Exhibition of Inventions Geneva”. During the Period, the Group was granted 8 newly authorised patents and 1 software copyright, a total of 29 authorised patents and 64 software copyrights had been obtained.

Development Strategies

In the presence of a new market landscape with new opportunities, the Group will deepen reform on all fronts to expedite digitalised and intelligentised transformation. With a persistent market-oriented approach and a strong focus on customers’ requirements and innovative application scenarios, the Group will vigorously establish its presence in strategic new businesses in the ongoing enhancement of its competence in digital products and services. The Group will strengthen the building of customer-centric organisations, processes and mechanisms to foster consolidated strengths through systems integration combining professional capabilities, business expertise, competence in the market ecosphere as well as marketing and servicing capabilities. Digital and AI-powered operations will be introduced with deepened application of digital and intelligent tools, such as big data and AI to drive end-to-end quality and efficiency enhancement across the board.

The Group will build a technology-based enterprise with dedicated effort to advance deeper and more solid technological innovation. Collaboration in scientific research will be pursued with a special focus on novel technological sectors. The Group will enhance cooperation with universities, manufacturers, academia and research institutions in Hong Kong to develop new quality productive forces. Major efforts will be devoted to nurturing of talents for the enterprise underpinned by continuous deepening of our talent development regime and mechanism, with a view to laying a solid foundation in terms of talents for the qualitative development of the enterprise. Taking into account the characteristics of strategic new industries, the Group will continue to optimise our resource allocation and appraisal and incentive mechanism, as well as the configuration of our innovative manufacturing elements, in order to fully motivate the innovative energy of our technological staff.

Mr. WU Jun, Chief Executive Officer of CITIC Telecom, said, “Focused on ‘internationalisation’ and guided by ‘technology-driven approach’, the Group remained committed to its mission of ‘With the backing of Chinese mainland, establishing a foothold in Hong Kong and Macau, and connecting to the world’, as it continued to advance and deepen the implementation of its strategic regime with solid efforts. The Group aims to increase the proportion of new businesses while consolidating the traditional businesses, continue to optimise our business mix, driving long-term and steady development of the Group.”