Financial Performance and Key Metrics - Chunghwa Telecom reported a record high full-year revenue of TWD 236.11 billion for 2025, reflecting a 2.7% increase compared to 2024, driven by strong mobile device sales and robust performance in the ICT sector [20][21] - The company's EPS reached TWD 4.99, marking an 8-year high and extending annual growth momentum for the sixth consecutive year [3][21] - In Q4 2025, consolidated revenue was TWD 65.65 billion, a 0.5% year-over-year increase, marking the highest fourth-quarter revenue in nearly a decade [18][19] Business Line Performance - Mobile revenue market share increased to 41%, with subscriber market share at 39.7%, driven by growth in postpaid subscribers [7] - Fixed broadband ARPU reached NT$819 per month, a 3.8% increase year-over-year, supported by high-speed upgrade promotions [8] - ICT revenue declined by 6% year-over-year in Q4 due to a high comparison base, but full-year ICT revenues still recorded robust growth [10][11] Market Performance - 5G subscriber market share increased to 39.2%, with a penetration rate of 46.4% among smartphone users by the end of 2025 [7] - Revenue from international subsidiaries decreased by 7% year-over-year, primarily due to lower demand for voice services [14] - However, revenue in South Asia and Southeast Asia markets increased by 12% year-over-year, supported by completed construction projects [15] Company Strategy and Industry Competition - The company plans to focus on extending pre-6G opportunities in AIOT, satellite, and big data services, expecting combined revenue to surpass TWD 10 billion in 2026 [5] - Chunghwa Telecom aims to leverage its satellite services as part of government contracts to enhance long-term service agreements [14] - The company is also investing in AI-driven connectivity and edge computing to create new revenue streams [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence entering 2026, citing a stable mobile market and successful fixed broadband strategies [4] - The company anticipates continued growth in ICT business driven by digital transformation opportunities [26] - Operating costs are expected to increase by 3.5% to 3.7%, primarily due to investments in talent and infrastructure [26][33] Other Important Information - Chunghwa Telecom received multiple awards for its ESG accomplishments and was recognized as one of the World's Most Trustworthy Companies in 2025 [6] - The company secured a 20-year corporate power purchase agreement for renewable energy to support its 2045 net zero commitment [6] Q&A Session Summary Question: Details on the increase in non-mobile CapEx for 2026 - Management explained that the increase is driven by fixed line maintenance, satellite, cables, and IDC investments [31][32] Question: Clarification on the increase in operating costs - Management highlighted that the increase is due to investments in human resources, electricity costs, and higher depreciation [33][34] Question: Request for more detailed breakdown of non-mobile CapEx - Management acknowledged the request but noted that they do not separately disclose exact numbers for each non-mobile item [35][36]

Core Viewpoint - Viasat, Inc. reported mixed results for the fourth quarter of fiscal 2025, with adjusted earnings missing estimates while revenue exceeded expectations. The overall revenue remained flat year-over-year, impacted by declines in fixed broadband and product revenues, but offset by growth in Aviation and Information Security, as well as Defense and Advanced Technologies segments [1][4]. Financial Performance - Viasat incurred a net loss of $246.1 million, or a loss of $1.89 per share, compared to a net loss of $100.3 million, or a loss of 80 cents per share in the prior-year quarter [2]. - For fiscal 2025, the company reported a net loss of $575 million, or a loss of $4.48 per share, an improvement from a net loss of $1.06 billion, or a loss of $9.12 per share in fiscal 2024 [3]. Revenue Breakdown - Total revenues for Q4 were $1.15 billion, surpassing the consensus estimate by $13 million. Product revenues increased to $349.7 million from $337.9 million year-over-year, while service revenues decreased to $797.4 million from $812 million [4]. - Communication Services segment revenues were $825 million, down 4% from $859.9 million in the prior-year quarter, primarily due to declines in fixed services and maritime service revenues [5]. - Defense and Advanced Technologies segment revenues were $322 million, up 11% year-over-year, driven by growth in information security and cyber defense [6]. Operational Metrics - Viasat reported an operating loss of $153.8 million in Q4, compared to an operating income of $0.3 million in the prior-year quarter. Adjusted EBITDA increased to $374.8 million from $357.7 million [7]. - The company generated an operating cash flow of $298 million in Q4, up from $232 million in the prior-year period, reflecting improved operating performance [8]. Future Outlook - For fiscal 2026, Viasat expects low single-digit year-over-year revenue growth and flat adjusted EBITDA. The Communication Services segment is anticipated to show flat revenue performance, while the Defense and Advanced Technologies segment is expected to grow in the mid-teens [10].