[SINGAPORE] StarHub reported a net profit of S$5.9 million for its first quarter ended Mar 31, down 81.3 per cent from S$31.8 million in the year-ago period.

Total revenue for the three months declined 6.1 per cent to S$507.3 million from S$540.5 million in Q1 2025, the group said in its business update on Thursday (May 7).

The consumer business logged declines across the board, as revenue fell 10 per cent to S$228.6 million for the quarter, from S$254 million previously.

This was led by the mobile segment, which posted a 10.9 per cent decline in revenue to S$124 million for Q1 2026, from S$139.2 million in the year-ago period.

Revenue for the enterprise business similarly fell 4.8 per cent to S$139.4 million, from S$146.5 million in the previous corresponding period, due to timing of project recognitions from managed services. This was partially offset by higher enterprise connectivity and carrier and voice revenues.

The topline declines led to a 22.5 per cent slide in earnings before interest, taxes, depreciation and amortisation (Ebitda) to S$77.7 million, from S$100.2 million previously - alongside higher depreciation and amortisation and net finance costs, but was partially offset by lower tax expense. The telco said ebitda service margins fell 4.5 percentage points to 16.5 per cent.