CHT(US:CHT)2025-11-10 11:03Financial Position - As of September 30, 2025, total assets amounted to NT$ 513,095,556 thousand, a decrease from NT$ 534,491,827 thousand as of December 31, 2024[8] - Current assets were reported at NT$ 99,787,952 thousand, representing 20% of total assets, while noncurrent assets accounted for NT$ 413,307,604 thousand, or 80%[8] - Total liabilities stood at NT$ 122,665,684 thousand, which is 23% of total assets, compared to NT$ 136,386,971 thousand (26%) at the end of 2024[8] - The company's cash and cash equivalents decreased to NT$ 23,526,659 thousand, down from NT$ 36,259,689 thousand, reflecting a decline of approximately 35%[8] - Total equity attributable to stockholders of the parent was NT$ 376,613,756 thousand, representing 74% of total equity, compared to NT$ 384,950,690 thousand (72%) at the end of 2024[8] - The balance of equity attributable to stockholders of the parent as of September 30, 2025, was NT$376,613,756,000, compared to NT$374,105,135,000 as of September 30, 2024, indicating a growth of approximately 0.7%[12] - The total equity as of September 30, 2025, was NT$390,429,872,000, an increase from NT$386,687,601,000 in 2024, representing a growth of about 1.0%[12] Revenue and Income - Revenues for Q3 2025 reached NT$57,924,337, a 4.2% increase from NT$55,613,476 in Q3 2024[9] - Net income for Q3 2025 increased to NT$9,854,849, up 6.1% from NT$9,285,286 in Q3 2024[11] - The company reported a total of NT$170,463,142 in revenues for the nine months ended September 30, 2025, a 3.4% increase from NT$164,672,680 in the same period of 2024[9] - Net income for the nine months ended September 30, 2025, was NT$29,406,456,000, an increase from NT$28,216,292,000 in the same period of 2024, representing a growth of approximately 4.2%[12] - Total comprehensive income for Q3 2025 was NT$9,771,252, a 7.1% increase from NT$9,126,773 in Q3 2024[11] - Basic earnings per share for Q3 2025 were NT$1.22, up from NT$1.16 in Q3 2024[11] Expenses and Costs - Operating expenses for Q3 2025 totaled NT$9,413,711, maintaining 16% of revenues, similar to Q3 2024[9] - Research and development expenses for Q3 2025 were NT$1,097,567, consistent with 2% of revenues[9] - Total employee benefit expenses for the nine months ended September 30, 2025, were $38,047,239, up from $36,284,679 in the same period of 2024, indicating a growth of 4.9%[162] - Total depreciation and amortization expenses for the nine months ended September 30, 2025, were NT$30,762,010, slightly up from NT$30,350,253 in the same period of 2024, showing a growth of 1.4%[161] Cash Flow and Investments - Cash generated from operations for the nine months ended September 30, 2025, was NT$54,905,131,000, a decrease from NT$58,875,832,000 in 2024, reflecting a decline of approximately 6.3%[14] - Cash dividends distributed by Chunghwa Telecom for 2024 amounted to NT$38,787,232,000, compared to NT$36,909,931,000 for 2023, reflecting an increase of about 5.0%[12] - Net cash used in investing activities was NT$10,645,711, a slight decrease from NT$11,127,584 in the prior year, indicating a 4.3% improvement[18] - The company reported a net cash used in financing activities of NT$47,473,586, up from NT$41,272,741, indicating a 15% increase[18] Assets and Liabilities - Current liabilities totaled NT$ 66,517,984 thousand, which is 13% of total liabilities, compared to NT$ 79,893,042 thousand (15%) at the end of 2024[8] - The total noncurrent liabilities were NT$ 56,147,700 thousand, which is 10% of total liabilities, compared to NT$ 56,493,929 thousand (11%) at the end of 2024[8] - The company’s investments accounted for using the equity method were NT$ 8,823,513 thousand, a decrease from NT$ 9,073,464 thousand, indicating a decline of about 2.8%[8] - The company recognized a total of $755,792 in provisions as of September 30, 2025, a decrease from $976,485 at the end of 2024[137] Ownership and Investments in Associates - The company maintained a consistent ownership interest of 100% in several subsidiaries, including Chunghwa Telecom Singapore and Chunghwa Telecom Global[26] - Chunghwa's ownership interest in CHT Security Co., Ltd. decreased to 56.69% as of September 30, 2025, from 63% in December 2024[31] - The company recognized a loss of control over Chunghwa Smart Technology Co., Ltd. and reclassified it as an investment in associate[31] - The carrying amount of the investment in Next Commercial Bank Co., Ltd. (NCB) was $3,680,266 thousand as of September 30, 2025, down from $3,950,922 thousand as of December 31, 2024[82] Financial Instruments and Hedging - The company entered into forward exchange contracts to hedge against foreign currency risk, with a notional amount of NT$297,544,000 for forecast purchases[128] - The change in fair value of hedging instruments for forecast equipment purchases was $(7,049) as of September 30, 2025[128] - The company’s hedge strategy includes assessing market conditions to determine the hedge ratio for foreign currency exposure[123] Capital Management - The company maintained a balanced capital structure by paying cash dividends, increasing share capital, and managing debt levels[192] - The company’s capital management strategy focuses on optimizing the debt and equity balance to maximize stakeholder returns[191]