Hutchison completes HKD110 million sale of Macau operations

[Photo; Renato Marques]

Hutchison Telecommunications Hong Kong announced its 2025 annual results, reporting the completion of the sale of its Macau business for a total consideration of HKD110 million in January, ending more than 20 years of operations in the territory.

During the 2025 financial year, the group recorded recurring business revenue of HKD5.45 billion, up 17.3% year-on-year, while EBITDA remained stable at HKD1.51 billion.

However, the Macau operations’ losses weighed on the group’s overall performance, resulting in a net loss attributable to shareholders of approximately HKD25 million, a swing from profit to loss.

The telecom’s Hong Kong business posted a profit of HKD18 million, down 42% from the previous year, mainly due to lower bank interest income, while EBITDA rose 6% to HKD180 million.

The Macau segment included a one-time provision for a loss-making contract; excluding this item, the group would have reported a net profit attributable to shareholders of HKD5 million. Capital expenditure for HKT Hong Kong remained stable at HKD433 million.

Commenting on the 2025 annual results, a spokesperson for the company said, “The disposal of our Macau operations, completed in January 2026, will allow us to allocate resources more effectively to our Hong Kong business, strengthen operational performance, and support the stabilization of the overall business.”

According to the Legal Affairs Bureau’s (DSAJ) company registration, the shareholders of Hutchison Telecom have changed to CTM, with the company collectively holding shares valued at MOP10 million.