Far EasTone 2026 Annual General Meeting

Far EasTone Telecommunications Co., Ltd. (TAIEX: 4904, FET) held its 2026 Annual General Meeting today, presenting its 2025 operational results and future strategic direction to shareholders. Following the merger with Asia Pacific Telecom, the company set a three‑year strategic roadmap of “build the foundation in year one, deliver results in year two, and accelerate growth in year three.” Thanks to the dedicated efforts of all employees, the second year post‑merger saw full realization of synergies and outstanding performance.

In 2025, Far EasTone achieved record highs across key financial metrics, with consolidated revenue, EBITDA, and net income all posting industry‑leading growth rates, once again earning the title of “Telecom Growth Leader” and delivering strong results in the second year after the merger.

For 2025, consolidated revenue, EBITDA, and net income reached NT$110.346 billion, NT$38.080 billion, and NT$13.732 billion, representing year‑on‑year growth of 5.5%, 4.9%, and 6.9%, respectively. Both revenue and EBITDA set new historical records, while net income reached a nearly 20‑year high. Earnings per share (EPS) also hit a record high of NT$3.81, exceeding the company’s financial forecast with an achievement rate of 105%. These results highlight the continued realization of merger synergies and strong growth momentum as the company moves into 2026, its “takeoff year.”

FET continues to translate steady growth into shareholder returns by maintaining an attractive dividend policy. This year, the company distributed a cash dividend of NT$3.81 per share, a record high, representing a 7% year‑on‑year increase with a payout ratio of 100%. Since the beginning of the year, FET’s stock price has continued to rise, with market capitalization growth leading the telecom sector, reflecting strong market recognition of its operational performance and growth potential.

Record‑Breaking Financial Performance; “Amplify Three Strategies” to Accelerate Value Creation in 2026

Chairman Douglas Hsu stated, “FET continues to enhance service value and operational efficiency, driving revenue and all key financial metrics to new highs, with overall growth leading the industry. While delivering solid profitability, we have also embedded ESG into our core strategy and upheld the highest standards of corporate governance. For three consecutive years, FET has ranked No.1 globally in the telecom sector in the Dow Jones Best‑in‑Class Indices (DJBIC), bringing Taiwan’s sustainability leadership onto the global stage. Shareholder confidence is also reflected in our stock performance, which has outperformed peers this year. Looking ahead, FET will continue to drive innovation with AI—moving faster and aiming higher—to unlock the next phase of growth.”

President Chee Ching stated, “With the strong support of our Chairman and the continued efforts of all employees, the second year following the APT merger has delivered outstanding results ahead of expectations. Key indicators—including revenue, EBITDA, net income, and market capitalization—have all achieved industry‑leading growth rates. Leveraging AI, FET is accelerating the dual transformation in digitalization and net‑zero, while deepening our ‘Big Data, AI, IoT’ strategy. We are advancing both consumer essential services and enterprise solutions to expand application scenarios and strengthen growth momentum. In 2026, FET will launch the ‘Amplify Three Strategies’—amplifying synergies, expanding service reach, and scaling AI impact—to deeply integrate technology into everyday life and business operations, moving beyond traditional telecom to become a true value creator and unlocking a new growth curve.”

Mobile Service Revenue Reaches 9‑Year High; LEO Satellite to Strengthen Network Resilience for Enterprise and Government

Despite global telecom growth slowing, FET continued to drive mobile service revenue to a nine‑year high of NT$62.0 billion in 2025 through innovative service pricing plans and high‑quality network experiences, while maintaining a low churn rate. Postpaid ARPU remains the highest in the industry, and the postpaid 5G penetration reached 48.7% as of April, ranking first among peers.

FET announced a partnership with Amazon’s low Earth orbit (LEO) satellite network service, becoming its authorized distributor in Taiwan. By integrating Amazon LEO into its existing network architecture and telecom service portfolio, Far EasTone aims to support government applications and enterprise customers in maintaining critical system operations and ensuring uninterrupted connectivity, further enhancing overall communication resilience.

FET announced that it has signed a distribution agreement with “Amazon Leo”, a low Earth orbit satellite network to become an authorized distributor in Taiwan. By integrating Amazon LEO into its existing network architecture and telecom service portfolio, FET aims to support civilian public sector organizations and enterprise customers in maintaining critical system operations and ensuring uninterrupted connectivity, further enhancing overall communication resilience.

Integrated AI into Core Operations and Services; Dual Engines Driving New Economy Growth; “FET Intelligent Angel” Enters Value Realization Phase

FET is actively integrating AI into the core of its operations and services, with tangible results becoming increasingly evident. Its New Economy business continues to show stable growth, driven by dual engines of consumer essential services and smart ICT solutions. The contribution of New Economy revenue has grown from 5% in 2016 to over 20% in 2025.

On the consumer side, the “FET Mobile Circle” app serves as a central platform, leveraging AI to connect diverse usage scenarios and build a digital ecosystem encompassing shopping, entertainment, travel, lifestyle services, health, and cybersecurity. FET has further expanded into dining and gaming, launching the “Taste Taiwan” one‑stop dining platform to enhance user experience and engagement while driving value‑added service revenue.

On the enterprise side, Far EasTone’s smart ICT business continues to grow across four key areas: digital transformation, sustainable smart city, telecom system integration, and smart healthcare. Projects spanning system integration, IoT, and cloud services are progressing steadily, strengthening revenue contribution. The AI platform, “FET Intelligent Angel,” has been widely deployed across HR, legal, finance, customer service, marketing, and recommendation scenarios, and is being extended externally into industries such as manufacturing, healthcare, education, and government. As AI, cloud, and large‑scale system integration demand continues to rise, the ICT revenue recorded double‑digit growth in 2025, providing strong momentum for New Economy development.

New Milestones in Sustainability: Three Consecutive Years Ranked No.1 Globally in DJBIC; First Telecom in Taiwan to Issue Green Bonds

FET has embedded sustainability into its core strategy, delivering outstanding results across corporate governance, environmental initiatives, and social engagement. FET was once again selected as a constituent of DJBIC for both the World Index and Emerging Markets Index, ranking first globally among telecommunications companies, and securing the top industry position in the World Index for the 3d consecutive year. It has also been selected for the S&P Global Sustainability Yearbook 2026, ranking among the top 1% of global telecommunications companies. Additionally, FET has been included in the Taiwan Sustainability Index for 8 consecutive years and ranked in the top 5% in the Taiwan Stock Exchange’s Corporate Governance Evaluation for 12 consecutive years.

On the environmental front, FET issued the first green bond in Taiwan’s telecom companies, with all proceeds allocated to renewable energy development, including solar and wind power. The company aims to achieve 100% renewable energy usage across IDC facilities, offices, and retail stores by 2030, progressing toward its net‑zero target by 2048. On the social front, FET leverages its telecom expertise and AI capabilities to promote 5G telemedicine, anti‑fraud solutions, and digital inclusion in rural areas, while mobilizing employees and supply chain partners to support education, infrastructure, and community initiatives.

“Amplify Three Strategies” Fully Accelerated to Drive Future Growth

Entering 2026 as the “takeoff year,” FET is advancing its next phase of growth through three core strategies: amplifying group synergies, expanding service reach, and scaling AI impact.

In terms of synergies, FET continues integrating online and offline channels to broaden product offerings and deepen its digital lifestyle ecosystem. It also collaborates with subsidiaries—including cloud and cybersecurity affiliates—to deliver integrated solutions across cloud, cybersecurity, energy management, and system integration.

In service expansion, FET leverages the scale advantage of over 8 million users on the “FET Mobile Circle” app to continuously introduce innovative, high‑frequency digital services, unlocking value through a platform economy model.

In AI development, FET emphasizes that “we are not investing in AI—we are investing in our employees.” By embedding AI deeply into operational workflows, FET transforms technology into scalable competitive advantages and establishes unified governance frameworks. As AI becomes a core capability, FET is accelerating its transition from internal deployment to external commercialization, turning AI into a key growth driver.

Facing a rapidly evolving market and technological landscape, FET will continue to strengthen its telecom core, deepen smart ICT and consumer essential services, and build a global communication network characterized by quality, resilience, and sustainability—creating long‑term value for industries, society, and the environment.