StarHub Ltd
SGX:CC3
Income Statement
Earnings Waterfall
StarHub Ltd
Income Statement
StarHub Ltd
| Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
26
|
0
|
0
|
0
|
30
|
0
|
0
|
0
|
30
|
0
|
0
|
0
|
38
|
0
|
0
|
0
|
38
|
0
|
46
|
0
|
43
|
0
|
39
|
0
|
42
|
0
|
|
| Revenue |
1 355
N/A
|
1 406
+4%
|
1 458
+4%
|
1 517
+4%
|
1 571
+4%
|
1 623
+3%
|
1 684
+4%
|
1 747
+4%
|
1 805
+3%
|
1 851
+3%
|
1 896
+2%
|
1 948
+3%
|
2 014
+3%
|
2 076
+3%
|
2 118
+2%
|
2 130
+1%
|
2 128
0%
|
2 123
0%
|
2 124
+0%
|
2 137
+1%
|
2 150
+1%
|
2 177
+1%
|
2 214
+2%
|
2 229
+1%
|
2 238
+0%
|
2 239
+0%
|
2 238
0%
|
2 258
+1%
|
2 312
+2%
|
2 344
+1%
|
2 366
+1%
|
2 380
+1%
|
2 422
+2%
|
2 411
0%
|
2 407
0%
|
2 400
0%
|
2 359
-2%
|
2 361
+0%
|
2 351
0%
|
2 364
+1%
|
2 387
+1%
|
2 434
+2%
|
2 447
+1%
|
2 458
+0%
|
2 444
-1%
|
2 417
-1%
|
2 414
0%
|
2 396
-1%
|
2 397
+0%
|
2 398
+0%
|
2 379
-1%
|
2 359
-1%
|
2 411
+2%
|
2 382
-1%
|
2 412
+1%
|
2 429
+1%
|
2 362
-3%
|
2 396
+1%
|
2 351
-2%
|
2 342
0%
|
2 331
0%
|
2 240
-4%
|
2 141
-4%
|
2 058
-4%
|
2 029
-1%
|
2 043
+1%
|
2 043
0%
|
2 128
+4%
|
2 327
+9%
|
2 375
+2%
|
2 373
0%
|
2 372
0%
|
2 368
0%
|
2 392
+1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(460)
|
(464)
|
(477)
|
(489)
|
(495)
|
(513)
|
(528)
|
(548)
|
(554)
|
(562)
|
(587)
|
(628)
|
(696)
|
(751)
|
(788)
|
(793)
|
(782)
|
(772)
|
(773)
|
(791)
|
(830)
|
(880)
|
(932)
|
(933)
|
(913)
|
(880)
|
(850)
|
(868)
|
(929)
|
(958)
|
(971)
|
(974)
|
(1 011)
|
(995)
|
(986)
|
(980)
|
(942)
|
(934)
|
(920)
|
(931)
|
(949)
|
(1 014)
|
(1 028)
|
(1 035)
|
(1 053)
|
(997)
|
(988)
|
(984)
|
(975)
|
(1 004)
|
(1 014)
|
(1 007)
|
(2 082)
|
(1 357)
|
(1 395)
|
(1 430)
|
(2 150)
|
(1 415)
|
(1 398)
|
(1 372)
|
(1 074)
|
0
|
0
|
0
|
(952)
|
(447)
|
(972)
|
(1 102)
|
(1 191)
|
(1 330)
|
(1 179)
|
(1 305)
|
(1 179)
|
(1 353)
|
|
| Gross Profit |
895
N/A
|
942
+5%
|
981
+4%
|
1 028
+5%
|
1 075
+5%
|
1 110
+3%
|
1 156
+4%
|
1 199
+4%
|
1 251
+4%
|
1 289
+3%
|
1 308
+1%
|
1 321
+1%
|
1 318
0%
|
1 325
+1%
|
1 330
+0%
|
1 337
+1%
|
1 345
+1%
|
1 351
+0%
|
1 352
+0%
|
1 346
0%
|
1 320
-2%
|
1 296
-2%
|
1 282
-1%
|
1 295
+1%
|
1 325
+2%
|
1 359
+3%
|
1 388
+2%
|
1 390
+0%
|
1 384
0%
|
1 387
+0%
|
1 396
+1%
|
1 406
+1%
|
1 411
+0%
|
1 416
+0%
|
1 421
+0%
|
1 420
0%
|
1 418
0%
|
1 427
+1%
|
1 431
+0%
|
1 433
+0%
|
1 438
+0%
|
1 420
-1%
|
1 419
0%
|
1 423
+0%
|
1 391
-2%
|
1 421
+2%
|
1 426
+0%
|
1 411
-1%
|
1 422
+1%
|
1 393
-2%
|
1 365
-2%
|
1 352
-1%
|
329
-76%
|
1 025
+212%
|
1 018
-1%
|
1 000
-2%
|
212
-79%
|
981
+363%
|
953
-3%
|
970
+2%
|
1 257
+30%
|
0
N/A
|
0
N/A
|
0
N/A
|
1 077
N/A
|
527
-51%
|
1 071
+103%
|
1 025
-4%
|
1 137
+11%
|
1 044
-8%
|
1 194
+14%
|
1 067
-11%
|
1 189
+11%
|
1 038
-13%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(910)
|
(899)
|
(868)
|
(840)
|
(819)
|
(819)
|
(839)
|
(859)
|
(890)
|
(902)
|
(906)
|
(914)
|
(901)
|
(903)
|
(927)
|
(934)
|
(935)
|
(943)
|
(932)
|
(922)
|
(910)
|
(938)
|
(946)
|
(963)
|
(984)
|
(984)
|
(995)
|
(1 007)
|
(1 013)
|
(970)
|
(964)
|
(950)
|
(967)
|
(964)
|
(954)
|
(955)
|
(954)
|
(957)
|
(967)
|
(965)
|
(962)
|
(959)
|
(953)
|
(949)
|
(952)
|
(941)
|
(944)
|
(963)
|
(992)
|
(989)
|
(981)
|
(992)
|
34
|
(676)
|
(690)
|
(685)
|
64
|
(719)
|
(718)
|
(731)
|
(1 001)
|
(1 997)
|
(1 903)
|
(1 836)
|
(846)
|
(1 371)
|
(839)
|
(803)
|
(982)
|
(878)
|
(968)
|
(837)
|
(965)
|
(838)
|
|
| Selling, General & Administrative |
(507)
|
(518)
|
(529)
|
(535)
|
(553)
|
(559)
|
(565)
|
(585)
|
(613)
|
(620)
|
(622)
|
(623)
|
(608)
|
(609)
|
(627)
|
(624)
|
(610)
|
(607)
|
(589)
|
(582)
|
(581)
|
(603)
|
(617)
|
(628)
|
(645)
|
(643)
|
(652)
|
(664)
|
(655)
|
(648)
|
(633)
|
(623)
|
(623)
|
(624)
|
(629)
|
(637)
|
(650)
|
(652)
|
(655)
|
(659)
|
(645)
|
(634)
|
(625)
|
(620)
|
(642)
|
(652)
|
(658)
|
(646)
|
(650)
|
(635)
|
(620)
|
(618)
|
(614)
|
(604)
|
(609)
|
(607)
|
(602)
|
(575)
|
(543)
|
(512)
|
(521)
|
0
|
0
|
0
|
(468)
|
(162)
|
(412)
|
(432)
|
(518)
|
(557)
|
(555)
|
(566)
|
(551)
|
(582)
|
|
| Depreciation & Amortization |
(340)
|
(316)
|
(281)
|
(244)
|
(204)
|
(198)
|
(202)
|
(207)
|
(211)
|
(215)
|
(219)
|
(221)
|
(226)
|
(231)
|
(232)
|
(234)
|
(235)
|
(236)
|
(239)
|
(242)
|
(245)
|
(245)
|
(248)
|
(252)
|
(260)
|
(268)
|
(273)
|
(278)
|
(278)
|
(276)
|
(277)
|
(274)
|
(273)
|
(273)
|
(271)
|
(271)
|
(270)
|
(268)
|
(270)
|
(270)
|
(271)
|
(273)
|
(274)
|
(274)
|
(271)
|
(269)
|
(265)
|
(263)
|
(265)
|
(266)
|
(268)
|
(276)
|
(280)
|
(283)
|
(286)
|
(283)
|
(291)
|
(304)
|
(318)
|
(332)
|
(361)
|
0
|
0
|
0
|
(307)
|
(125)
|
(279)
|
(268)
|
(267)
|
(259)
|
(241)
|
(237)
|
(236)
|
(248)
|
|
| Other Operating Expenses |
(63)
|
(65)
|
(58)
|
(61)
|
(62)
|
(63)
|
(72)
|
(67)
|
(65)
|
(66)
|
(66)
|
(70)
|
(66)
|
(63)
|
(68)
|
(76)
|
(90)
|
(99)
|
(104)
|
(98)
|
(84)
|
(89)
|
(81)
|
(83)
|
(80)
|
(72)
|
(70)
|
(66)
|
(80)
|
(46)
|
(54)
|
(53)
|
(72)
|
(67)
|
(55)
|
(47)
|
(34)
|
(37)
|
(42)
|
(36)
|
(45)
|
(53)
|
(54)
|
(55)
|
(39)
|
(20)
|
(22)
|
(54)
|
(77)
|
(87)
|
(93)
|
(98)
|
928
|
212
|
205
|
206
|
957
|
160
|
143
|
113
|
(119)
|
(1 997)
|
(1 903)
|
(1 836)
|
(71)
|
(1 083)
|
(149)
|
(103)
|
(198)
|
(63)
|
(172)
|
(35)
|
(178)
|
(9)
|
|
| Operating Income |
(15)
N/A
|
43
N/A
|
114
+165%
|
187
+65%
|
256
+37%
|
291
+13%
|
317
+9%
|
340
+7%
|
361
+6%
|
387
+7%
|
402
+4%
|
407
+1%
|
417
+3%
|
422
+1%
|
404
-4%
|
403
0%
|
411
+2%
|
409
-1%
|
420
+3%
|
424
+1%
|
410
-3%
|
359
-13%
|
336
-6%
|
332
-1%
|
341
+3%
|
375
+10%
|
393
+5%
|
383
-3%
|
371
-3%
|
417
+13%
|
432
+4%
|
456
+5%
|
443
-3%
|
452
+2%
|
467
+3%
|
465
0%
|
464
0%
|
470
+1%
|
464
-1%
|
468
+1%
|
477
+2%
|
460
-3%
|
466
+1%
|
474
+2%
|
439
-7%
|
480
+9%
|
482
+0%
|
448
-7%
|
430
-4%
|
405
-6%
|
384
-5%
|
360
-6%
|
362
+1%
|
349
-4%
|
328
-6%
|
315
-4%
|
276
-12%
|
262
-5%
|
235
-10%
|
239
+2%
|
256
+7%
|
243
-5%
|
238
-2%
|
222
-7%
|
231
+4%
|
225
-3%
|
232
+3%
|
223
-4%
|
155
-31%
|
166
+7%
|
226
+36%
|
230
+2%
|
224
-2%
|
200
-11%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(14)
|
(12)
|
(11)
|
(10)
|
(8)
|
(6)
|
(5)
|
(6)
|
(9)
|
(13)
|
(17)
|
(21)
|
(23)
|
(26)
|
(28)
|
(27)
|
(27)
|
(25)
|
(24)
|
(24)
|
(22)
|
(23)
|
(23)
|
(24)
|
(28)
|
(25)
|
(22)
|
(20)
|
(8)
|
(16)
|
(17)
|
(16)
|
(12)
|
(17)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(21)
|
(19)
|
(19)
|
(19)
|
(14)
|
(17)
|
(19)
|
(22)
|
(20)
|
(26)
|
(29)
|
(29)
|
(28)
|
(29)
|
(27)
|
(27)
|
(28)
|
(30)
|
(33)
|
(37)
|
(37)
|
(37)
|
(38)
|
(36)
|
(36)
|
(40)
|
(36)
|
(39)
|
(8)
|
(25)
|
(18)
|
(20)
|
(18)
|
(17)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
15
|
15
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
(60)
|
0
|
(17)
|
0
|
(0)
|
0
|
|
| Total Other Income |
0
|
(1)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
(1)
|
0
|
6
|
0
|
0
|
0
|
21
|
0
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
10
|
10
|
0
|
9
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
(5)
|
(3)
|
7
|
(29)
|
5
|
(9)
|
(1)
|
(15)
|
|
| Pre-Tax Income |
(28)
N/A
|
31
N/A
|
103
+237%
|
178
+73%
|
248
+40%
|
284
+14%
|
312
+10%
|
334
+7%
|
353
+5%
|
374
+6%
|
385
+3%
|
386
+0%
|
394
+2%
|
396
+1%
|
376
-5%
|
375
0%
|
383
+2%
|
384
+0%
|
396
+3%
|
401
+1%
|
385
-4%
|
336
-13%
|
313
-7%
|
308
-2%
|
318
+3%
|
351
+10%
|
371
+6%
|
363
-2%
|
380
+5%
|
401
+6%
|
415
+3%
|
439
+6%
|
431
-2%
|
434
+1%
|
450
+4%
|
448
0%
|
447
0%
|
453
+1%
|
447
-1%
|
451
+1%
|
456
+1%
|
441
-3%
|
447
+1%
|
470
+5%
|
440
-6%
|
463
+5%
|
472
+2%
|
436
-8%
|
410
-6%
|
388
-5%
|
355
-9%
|
330
-7%
|
333
+1%
|
320
-4%
|
300
-6%
|
288
-4%
|
246
-15%
|
232
-6%
|
202
-13%
|
203
+1%
|
219
+8%
|
206
-6%
|
200
-3%
|
186
-7%
|
193
+4%
|
186
-3%
|
190
+2%
|
182
-4%
|
93
-49%
|
112
+21%
|
197
+75%
|
201
+2%
|
205
+2%
|
168
-18%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(24)
|
(19)
|
(28)
|
(36)
|
(27)
|
(32)
|
(36)
|
(43)
|
8
|
(6)
|
(12)
|
(12)
|
(63)
|
(56)
|
(52)
|
(53)
|
(72)
|
(70)
|
(69)
|
(68)
|
(66)
|
(56)
|
(53)
|
(51)
|
(54)
|
(61)
|
(61)
|
(59)
|
(64)
|
(66)
|
(71)
|
(75)
|
(72)
|
(72)
|
(74)
|
(73)
|
(77)
|
(81)
|
(81)
|
(82)
|
(86)
|
(81)
|
(82)
|
(84)
|
(68)
|
(71)
|
(71)
|
(68)
|
(69)
|
(64)
|
(59)
|
(55)
|
(60)
|
(58)
|
(55)
|
(51)
|
(45)
|
(46)
|
(40)
|
(42)
|
(40)
|
(35)
|
(34)
|
(31)
|
(33)
|
(34)
|
(40)
|
(38)
|
(23)
|
(29)
|
(51)
|
(50)
|
(37)
|
(31)
|
|
| Income from Continuing Operations |
(52)
|
12
|
75
|
141
|
221
|
252
|
275
|
292
|
360
|
369
|
374
|
374
|
330
|
341
|
324
|
322
|
311
|
314
|
327
|
333
|
320
|
280
|
260
|
257
|
263
|
290
|
310
|
303
|
316
|
335
|
344
|
364
|
359
|
362
|
376
|
375
|
371
|
373
|
366
|
369
|
371
|
360
|
365
|
386
|
372
|
391
|
401
|
368
|
341
|
324
|
296
|
275
|
274
|
262
|
245
|
237
|
201
|
186
|
162
|
161
|
179
|
171
|
166
|
155
|
160
|
152
|
150
|
144
|
70
|
84
|
146
|
151
|
168
|
137
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(3)
|
(4)
|
1
|
7
|
8
|
11
|
8
|
1
|
4
|
2
|
(2)
|
(4)
|
(1)
|
(1)
|
(8)
|
(6)
|
4
|
5
|
(8)
|
(10)
|
|
| Net Income (Common) |
(52)
N/A
|
12
N/A
|
75
+530%
|
142
+89%
|
221
+56%
|
252
+14%
|
275
+9%
|
292
+6%
|
360
+23%
|
369
+2%
|
374
+1%
|
374
0%
|
330
-12%
|
341
+3%
|
324
-5%
|
322
-1%
|
311
-3%
|
314
+1%
|
327
+4%
|
333
+2%
|
320
-4%
|
280
-12%
|
260
-7%
|
257
-1%
|
263
+2%
|
290
+10%
|
310
+7%
|
303
-2%
|
316
+4%
|
335
+6%
|
344
+3%
|
364
+6%
|
359
-1%
|
362
+1%
|
376
+4%
|
375
0%
|
371
-1%
|
373
+0%
|
366
-2%
|
369
+1%
|
371
+1%
|
360
-3%
|
365
+1%
|
386
+6%
|
372
-3%
|
391
+5%
|
401
+2%
|
368
-8%
|
341
-7%
|
324
-5%
|
296
-9%
|
275
-7%
|
273
-1%
|
260
-5%
|
242
-7%
|
234
-3%
|
202
-14%
|
193
-4%
|
171
-12%
|
172
+1%
|
178
+4%
|
165
-8%
|
162
-1%
|
149
-8%
|
150
+1%
|
141
-6%
|
141
+1%
|
142
+1%
|
54
-62%
|
66
+22%
|
142
+114%
|
147
+4%
|
153
+4%
|
119
-22%
|
|
| EPS (Diluted) |
-0.02
N/A
|
0.01
N/A
|
0.03
+200%
|
0.06
+100%
|
0.1
+67%
|
0.11
+10%
|
0.13
+18%
|
0.14
+8%
|
0.17
+21%
|
0.2
+18%
|
0.2
N/A
|
0.2
N/A
|
0.19
-5%
|
0.19
N/A
|
0.19
N/A
|
0.2
+5%
|
0.18
-10%
|
0.19
+6%
|
0.2
+5%
|
0.2
N/A
|
0.19
-5%
|
0.16
-16%
|
0.14
-12%
|
0.14
N/A
|
0.15
+7%
|
0.17
+13%
|
0.19
+12%
|
0.18
-5%
|
0.18
N/A
|
0.19
+6%
|
0.19
N/A
|
0.21
+11%
|
0.21
N/A
|
0.21
N/A
|
0.22
+5%
|
0.22
N/A
|
0.21
-5%
|
0.22
+5%
|
0.21
-5%
|
0.21
N/A
|
0.21
N/A
|
0.2
-5%
|
0.21
+5%
|
0.22
+5%
|
0.21
-5%
|
0.23
+10%
|
0.23
N/A
|
0.21
-9%
|
0.2
-5%
|
0.18
-10%
|
0.17
-6%
|
0.16
-6%
|
0.15
-6%
|
0.16
+7%
|
0.15
-6%
|
0.14
-7%
|
0.11
-21%
|
0.11
N/A
|
0.09
-18%
|
0.09
N/A
|
0.1
+11%
|
0.09
-10%
|
0.09
N/A
|
0.08
-11%
|
0.09
+12%
|
0.08
-11%
|
0.08
N/A
|
0.08
N/A
|
0.03
-63%
|
0.04
+33%
|
0.08
+100%
|
0.09
+12%
|
0.09
N/A
|
0.07
-22%
|
|