APT Satellite reports profit decline amid challenging market conditions

For the six months ended June 30, 2025, APT Satellite Holdings Limited reported revenue of HK$379,673,000, a 3.11% decrease from HK$391,842,000 in the prior year. Profit attributable to equity shareholders fell by 23.88% to HK$77,383,000, resulting in basic earnings per share of HK8.33 cents, down from HK10.95 cents. The board declared an interim dividend of HK2.50 cents per ordinary share.

The revenue decline was primarily due to a decrease in income from satellite transponder capacity provision, reflecting downturns in the global and Asia Pacific satellite transponder market. Despite these challenges, the group's financial position remains sound, with total cash and bank balances increasing to HK$2,511,187,000. Total liabilities decreased by 3.64% to HK$845,473,000, and the gearing ratio improved to 12.1%.

Capital expenditure for property, plant, and equipment amounted to HK$15,550,000. The group continues to expand its high-throughput satellite communications market and service offerings, leveraging APSTAR-6D and APSTAR-6E, and exploring new satellite projects to maintain stable and sustainable business development.