$CHT

CHUNGHWA TELECOM CO LTD

CIK:0001132924|SEC Filings

Consolidated Statements of Comprehensive Income $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025 TWD ($) $ / shares	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2024 TWD ($) $ / shares	Dec. 31, 2023 TWD ($) $ / shares
Statement [LineItems]
REVENUES	$ 236,114	$ 7,527	$ 229,968	$ 223,199
OPERATING COSTS	149,145	4,754	146,583	141,767
GROSS PROFIT	86,969	2,773	83,385	81,432
OPERATING EXPENSES
Marketing	26,019	829	25,104	23,599
General and administrative	7,718	246	7,175	6,801
Research and development	4,362	139	4,167	3,892
Expected credit loss	209	7	188	152
Total operating expenses	38,308	1,221	36,634	34,444
OTHER INCOME AND EXPENSES	(112)	(4)	122	(635)
INCOME FROM OPERATIONS	48,549	1,548	46,873	46,353
NON-OPERATING INCOME AND EXPENSES
Interest income	904	29	781	618
Other income	492	16	463	382
Other gains and losses	627	20	(94)	(279)
Interest expense	(370)	(12)	(339)	(319)
Share of profits of associates and joint ventures accounted for using equity method	65	2	157	253
Total non-operating income and expenses	1,718	55	968	655
INCOME BEFORE INCOME TAX	50,267	1,603	47,841	47,008
INCOME TAX EXPENSE	9,776	312	9,333	8,947
NET INCOME	40,491	1,291	38,508	38,061
Items that will not be reclassified to profit or loss:
Remeasurements of defined benefit pension plans	98	3	2,255	157
Unrealized gain or loss on investments in equity instruments at fair value through other comprehensive income	620	20	48	619
Gain or loss on hedging instruments subject to basis adjustment	4	0	(1)	(13)
Share of other comprehensive income of associates and joint ventures	10	0	14	6
Income tax relating to items that will not be reclassified to profit or loss	(20)	(1)	(451)	(31)
Items that will not be reclassified to profit or loss	712	22	1,865	738
Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations	(218)	(6)	192	(46)
Share of other comprehensive income (loss) of associates and joint ventures	12	0	24	(23)
Items that may be reclassified subsequently to profit or loss	(206)	(6)	216	(69)
Total other comprehensive income, net of income tax	506	16	2,081	669
TOTAL COMPREHENSIVE INCOME	40,997	1,307	40,589	38,730
NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	38,705	1,234	37,189	36,958
Noncontrolling interests	1,786	57	1,319	1,103
NET INCOME	40,491	1,291	38,508	38,061
COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	39,223	1,250	39,223	37,658
Noncontrolling interests	1,774	57	1,366	1,072
TOTAL COMPREHENSIVE INCOME	$ 40,997	$ 1,307	$ 40,589	$ 38,730
EARNINGS PER SHARE
Basic \| (per share)	$ 4.99	$ 0.16	$ 4.79	$ 4.76
Diluted \| (per share)	4.98	0.16	4.78	4.76
American Depositary Shares [Member]
EARNINGS PER SHARE
Basic \| (per share)	49.89	1.59	47.94	47.64
Diluted \| (per share)	$ 49.77	$ 1.59	$ 47.83	$ 47.58

Consolidated Statements of Cash Flows $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025 TWD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 TWD ($)	Dec. 31, 2023 TWD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$ 50,267	$ 1,603	$ 47,841	$ 47,008
Adjustments for:
Depreciation	33,550	1,069	32,920	32,956
Amortization	6,666	212	6,699	6,699
Amortization of incremental costs of obtaining contracts	945	30	906	856
Expected credit loss	209	7	188	152
Valuation loss on financial assets and liabilities at fair value through profit or loss, net	92	3	147	98
Interest expense	370	12	339	319
Interest income	(904)	(29)	(781)	(618)
Dividend income	(281)	(9)	(240)	(167)
Compensation cost of share-based payment transactions	10	0	8	8
Share of profits of associates and joint ventures accounted for using equity method	(65)	(2)	(157)	(253)
Loss on disposal of property, plant and equipment	28	1	17	0
Gain on disposal of intangible assets	0	0	0	0
Gain on disposal of investment properties	0	0	(1)	0
Gain on disposal of investments accounted for using equity method	(733)	(23)	(85)	(6)
Provision for impairment loss and obsolescence of inventory	34	1	60	23
Impairment loss on property, plant and equipment	112	4	0	299
Reversal of impairment loss / (impairment loss) on investment properties	(28)	(1)	(139)	336
Gain on disposal of subsidiaries	(15)	0	0	0
Others	(20)	(1)	(69)	(60)
Changes in operating assets and liabilities:
Contract assets	(594)	(19)	(2,249)	(1,291)
Trade notes and accounts receivable	(1,580)	(50)	(1,322)	(287)
Receivables from related parties	(20)	(1)	(115)	(3)
Inventories	(1,133)	(36)	(626)	(178)
Prepayments	(411)	(13)	(29)	(315)
Other current assets	(328)	(9)	(293)	733
Other current monetary assets	(1,373)	(44)	64	107
Incremental cost of obtaining contracts	(832)	(27)	(1,317)	(1,026)
Contract liabilities	4,029	128	2,194	584
Trade notes and accounts payable	(1,809)	(58)	3,347	(2,033)
Payables to related parties	(303)	(10)	95	(154)
Other payables	1,801	57	1,540	562
Provisions	108	3	153	373
Net defined benefit plans	(663)	(21)	(657)	(728)
Other current liabilities	(96)	(2)	78	(14)
Cash generated from operations	87,033	2,775	88,516	83,980
Interests paid	(364)	(12)	(333)	(314)
Income taxes paid	(9,223)	(294)	(8,939)	(9,107)
Net cash provided by operating activities	77,446	2,469	79,244	74,559
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at fair value through other comprehensive income	(1,518)	(48)	(313)	(305)
Proceeds from disposal of financial assets at fair value through other comprehensive income	0	0	0	0
Proceeds from capital reduction of financial assets at fair value through other comprehensive income	0	0	112	0
Acquisition of financial assets at amortized cost	(20)	(1)	(2,000)	0
Acquisition of financial assets at fair value through profit or loss	(326)	(10)	(162)	(133)
Proceeds from disposal of financial assets at fair value through profit or loss	0	0	5	0
Acquisition of investments accounted for using equity method	(20)	(1)	(776)	(1,555)
Proceeds from disposal of investments accounted for using equity method	886	28	0	0
Net cash outflow from loss of control of subsidiaries	(9)	0	0	0
Acquisition of property, plant and equipment	(27,698)	(883)	(28,756)	(30,741)
Proceeds from disposal of property, plant and equipment	21	1	13	19
Acquisition of intangible assets	(144)	(5)	(234)	(237)
Proceeds from disposal of intangible assets	0	0	0	0
Acquisition of investment properties	(74)	(2)	(4)	(54)
Acquisition of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months	(54,079)	(1,724)	(72,915)	(45,239)
Proceeds from disposal of time deposits, negotiable certificates of deposit with maturities of more than three months	55,182	1,759	69,886	28,577
Decrease (increase) in other noncurrent assets	(623)	(19)	(258)	166
Increase in prepayments for leases	(1,712)	(55)	(1,400)	(1,729)
Interests received	912	29	764	568
Dividends received	912	29	663	467
Proceeds from capital reduction and profit distribution of financial assets at fair value through profit or loss	25	1	43	22
Net cash used in investing activities	(28,285)	(901)	(35,332)	(50,174)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans	3,745	119	700	2,590
Repayments of short-term loans	(3,555)	(113)	(1,070)	(2,727)
Proceeds from issuance of bonds	3,500	112	0	0
Repayments of bonds payable	(8,800)	(281)	0	0
Payments for transaction costs attributable to the issuance of bonds	(5)	0	0	0
Proceeds from long-term loans	0	0	35	0
Repayments of long-term loans	(35)	(1)	0	0
Increase (decrease) in customers' deposits	(39)	(1)	(9)	134
Payments for the principal of lease liabilities	(4,135)	(132)	(3,944)	(3,884)
Increase (decrease) in other noncurrent liabilities	(985)	(31)	282	680
Cash dividends paid	(38,787)	(1,236)	(36,910)	(36,476)
Partial disposal of interests in subsidiaries without losing control	311	9	259	0
Cash dividends distributed to noncontrolling interests	(1,094)	(35)	(898)	(1,092)
Change in other noncontrolling interests	1,420	45	37	43
Unclaimed dividend	2	0	2	2
Net cash used in financing activities	(48,457)	(1,545)	(41,516)	(40,730)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(20)	(1)	40	(24)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	684	22	2,436	(16,369)
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR	36,260	1,156	33,824	50,193
CASH AND CASH EQUIVALENTS, END OF THE YEAR	$ 36,944	$ 1,178	$ 36,260	$ 33,824

Consolidated Balance Sheet $ in Millions	Dec. 31, 2025 TWD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 TWD ($)
CURRENT ASSETS
Cash and cash equivalents	$ 36,944,000,000	$ 1,178	$ 36,260,000,000
Financial assets at fair value through profit or loss	3,000,000	0	0
Financial assets at fair value through other comprehensive income	19,000,000	1	0
Hedging financial assets	3,000,000	0	1,000,000
Contract assets	8,576,000,000	273	8,401,000,000
Trade notes and accounts receivable, net	27,396,000,000	873	26,026,000,000
Receivables from related parties	213,000,000	7	193,000,000
Inventories	13,179,000,000	420	12,087,000,000
Prepayments	3,790,000,000	121	3,138,000,000
Other current monetary assets	23,468,000,000	748	23,408,000,000
Incremental costs of obtaining contracts	339,000,000	11	339,000,000
Other current assets	3,441,000,000	110	3,115,000,000
Total current assets	117,371,000,000	3,742	112,968,000,000
NONCURRENT ASSETS
Financial assets at fair value through profit or loss	1,211,000,000	39	1,005,000,000
Financial assets at fair value through other comprehensive income	6,787,000,000	216	4,667,000,000
Financial assets at amortized cost	2,020,000,000	64	2,000,000,000
Investments accounted for using equity method	8,264,000,000	263	8,879,000,000
Contract assets	4,733,000,000	151	4,327,000,000
Property, plant and equipment	288,165,000,000	9,186	289,840,000,000
Right-of-use assets	10,764,000,000	343	10,912,000,000
Investment properties	12,420,000,000	396	12,302,000,000
Intangible assets	59,762,000,000	1,905	66,283,000,000
Deferred income tax assets	1,782,000,000	57	1,661,000,000
Incremental costs of obtaining contracts	1,109,000,000	35	1,222,000,000
Net defined benefit assets	9,866,000,000	315	8,884,000,000
Prepayments	5,931,000,000	189	4,461,000,000
Other noncurrent assets	5,495,000,000	175	4,886,000,000
Total noncurrent assets	418,309,000,000	13,334	421,329,000,000
TOTAL	535,680,000,000	17,076	534,297,000,000
CURRENT LIABILITIES
Short-term loans	340,000,000	11	215,000,000
Financial liabilitie at fair value through profit or loss	0	0	0
Hedging financial liabilities	0	0	2,000,000
Contract liabilities	21,296,000,000	678	16,301,000,000
Trade notes and accounts payable	15,923,000,000	508	17,743,000,000
Payables to related parties	177,000,000	6	480,000,000
Current tax liabilities	7,346,000,000	234	6,822,000,000
Lease liabilities	3,890,000,000	124	3,558,000,000
Other payables	28,716,000,000	914	26,581,000,000
Provisions	525,000,000	17	442,000,000
Current portion of long-term loans	1,900,000,000	61	8,803,000,000
Other current liabilities	957,000,000	31	1,050,000,000
Total current liabilities	81,070,000,000	2,584	81,997,000,000
NONCURRENT LIABILITIES
Long-term loans	1,600,000,000	51	1,631,000,000
Bonds payable	23,288,000,000	743	21,689,000,000
Contract liabilities	6,567,000,000	209	7,541,000,000
Deferred income tax liabilities	2,829,000,000	90	2,658,000,000
Provisions	560,000,000	18	535,000,000
Lease liabilities	7,001,000,000	223	7,334,000,000
Customers’ deposits	5,262,000,000	168	5,311,000,000
Net defined benefit liabilities	2,329,000,000	74	2,107,000,000
Other noncurrent liabilities	6,703,000,000	214	7,688,000,000
Total noncurrent liabilities	56,139,000,000	1,790	56,494,000,000
Total liabilities	137,209,000,000	4,374	138,491,000,000
EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stocks	77,574,000,000	2,473	77,574,000,000
Additional paid-in capital	150,923,000,000	4,811	150,054,000,000
Retained earnings
Legal reserve	77,574,000,000	2,473	77,574,000,000
Special reserve	2,676,000,000	85	2,676,000,000
Unappropriated earnings	74,364,000,000	2,371	74,362,000,000
Total retained earnings	154,614,000,000	4,929	154,612,000,000
Others	1,020,000,000	32	586,000,000
Total equity attributable to stockholders of the parent	384,131,000,000	12,245	382,826,000,000
NONCONTROLLING INTERESTS	14,340,000,000	457	12,980,000,000
Total equity	398,471,000,000	12,702	395,806,000,000
TOTAL	$ 535,680,000,000	$ 17,076	$ 534,297,000,000