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MEDIA RELEASE For immediate release StarHub Reports 5.1 % YoY Growth in 3Q2021 Net Profit to $ 40.0M¹ ; Upgrades FY2021 Service EBITDA Guidance Singapore , 10 November 2021 - StarHub reported 5.6 % YoY growth in revenue to $ 517.2 million and 5.1 % YoY increase in Net Profit attributable to shareholders ( " Net Profit " ) of $ 40.0 million for the quarter ended 30 September ( " 3Q " ) 2021. For the nine months ( " 9M " ) ended 30 September 2021 , StarHub's revenue rose 2.9 % to $ 1.49 billion while Net Profit grew 6.0 % to $ 107.4 million ' . StarHub today increased its FY2021 Service EBITDA margin guidance to at least 26 % , an improvement from the original 24 % -26 % range . This is a result of the postponement of operating expenditure ( " Opex " ) relating to the IT Transformation programme and higher contributions expected from Cybersecurity Services . StarHub also expects to achieve significant Opex reductions for the year with the company's disciplined approach to expenditure and the implementation of various cost optimisation initiatives . This follows last quarter's lowering of the FY2021 Capex Commitment guidance to 7 % -9 % of Total Revenue . Service EBITDA margin was 30.1 % in 3Q2021 and 29.9 % in 9M2021 . StarHub's balance sheet remained healthy with 9M2021 Free Cash Flow of $ 348.6 million and a lower Net Debt to EBITDA of 1.27 times as at 30 September 2021 . StarHub's Chief Executive , Nikhil Eapen , commented on the results , " We continued to see top- and bottom - line growth in 3Q2021 , following the strong numbers recorded the previous quarter . This reflects our differentiated strategy to drive enriching digital experiences for our consumers across Mobile , Broadband and Entertainment , coupled with our focus on Cybersecurity and ICT as key drivers of our Enterprise business . We also concluded our DARE programme , exceeding our initial cost savings target by 30 % , giving us the confidence to upgrade our Service EBITDA margin guidance and set the stage for DARE + . " 1 Excluding the effect of JSS payouts recognised over the comparative periods . JSS in 3Q2021 was $ 0.4M , while JSS in 3Q2020 was $ 7.0M . STARHUB 1 @STARHUB 0 67 Ubi Avenue , StarHub Green , 408942 , Singapore