EX-99.3

Exhibit 99.3

Chunghwa Telecom Co., Ltd. and Subsidiaries

Consolidated Financial Statements for the

Nine Months Ended September 30, 2025 and 2024

CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In Millions of New Taiwan Dollars)


	September 30, 2025 (Unaudited)			December 31, 2024 (Audited)			September 30, 2024 (Unaudited)
ASSETS		Amount	%		Amount	%		Amount	%
CURRENT ASSETS
Cash and cash equivalents	$	23,527	5	$	36,260	7	$	31,215	6
Financial assets at fair value through profit or loss		1	—		—	—		1	—
Hedging financial assets		6	—		1	—		—	—
Contract assets		8,052	2		8,401	1		7,444	1
Trade notes and accounts receivable, net		26,521	5		26,026	5		23,086	5
Receivables from related parties		234	—		193	—		182	—
Inventories		13,209	3		12,087	2		11,807	2
Prepayments		6,420	1		3,138	1		5,933	1
Other current monetary assets		17,489	3		23,408	4		14,693	3
Incremental costs of obtaining contracts		339	—		339	—		339	—
Other current assets		3,990	1		3,115	1		4,223	1

Total current assets		99,788	20		112,968	21		98,923	19

NONCURRENT ASSETS
Financial assets at fair value through profit or loss		1,222	—		1,005	—		1,033	—
Financial assets at fair value through other comprehensive income		5,683	1		4,667	1		4,808	1
Financial assets at amortized cost		2,000	—		2,000	—		—	—
Investments accounted for using equity method		8,631	2		8,879	2		8,558	2
Contract assets		4,483	1		4,327	1		4,244	1
Property, plant and equipment		283,740	55		289,840	54		283,083	56
Right-of-use assets		11,055	2		10,912	2		11,002	2
Investment properties		12,304	3		12,302	2		11,642	2
Intangible assets		61,373	12		66,283	12		67,858	13
Deferred income tax assets		1,729	—		1,661	—		2,055	—
Incremental costs of obtaining contracts		1,133	—		1,222	—		1,125	—
Net defined benefit assets		9,373	2		8,884	2		6,417	2
Prepayments		5,738	1		4,461	1		4,144	1
Other noncurrent assets		4,651	1		4,886	2		4,543	1

Total noncurrent assets		413,115	80		421,329	79		410,512	81

TOTAL	$	512,903	100	$	534,297	100	$	509,435	100


	September 30, 2025 (Unaudited)			December 31, 2024 (Audited)			September 30, 2024 (Unaudited)
LIABILITIES AND EQUITY		Amount	%		Amount	%		Amount	%
CURRENT LIABILITIES
Short-term loans	$	755	—	$	215	—	$	430	—
Financial liabilities at fair value through profit or loss		—	—		—	—		1	—
Hedging financial liabilities		—	—		2	—		1	—
Contract liabilities		19,010	4		16,301	3		16,239	3
Trade notes and accounts payable		13,471	3		17,743	3		12,380	3
Payables to related parties		121	—		480	—		196	—
Current tax liabilities		4,602	1		6,822	1		3,944	1
Lease liabilities		3,811	1		3,558	1		3,539	1
Other payables		23,055	4		26,581	5		21,693	4
Provisions		437	—		442	—		309	—
Current portion of long-term liabilities		1,900	—		8,803	2		8,798	2
Other current liabilities		958	—		1,050	—		1,249	—

Total current liabilities		68,120	13		81,997	15		68,779	14

NONCURRENT LIABILITIES
Long-term loans		1,600	—		1,631	1		1,600	—
Bonds payable		23,287	5		21,689	4		21,688	4
Contract liabilities		6,599	1		7,541	2		7,639	2
Deferred income taxes liabilities		2,742	1		2,658	1		2,596	2
Provisions		319	—		535	—		501	—
Lease liabilities		7,226	2		7,334	1		7,457	1
Customers’ deposits		5,227	1		5,311	1		5,115	1
Net defined benefit liabilities		2,148	—		2,107	—		2,133	—
Other noncurrent liabilities		7,000	1		7,688	1		6,933	1

Total noncurrent liabilities		56,148	11		56,494	11		55,662	11

Total liabilities		124,268	24		138,491	26		124,441	25

EQUITY ATTRIBUTABLE TO STOCKHOLDERS OF THE PARENT
Common stocks		77,574	15		77,574	15		77,574	15

Additional paid-in capital		150,594	29		150,054	28		150,049	29

Retained earnings
Legal reserve		77,574	15		77,574	15		77,574	15
Special reserve		2,676	1		2,676	—		2,676	1
Unappropriated earnings		65,469	13		74,362	14		64,123	13

Total retained earnings		145,719	29		154,612	29		144,373	29

Others		1,098	—		586	—		561	—

Total equity attributable to stockholders of the parent		374,985	73		382,826	72		372,557	73
NONCONTROLLING INTERESTS		13,650	3		12,980	2		12,437	2

Total equity		388,635	76		395,806	74		384,994	75

TOTAL	$	512,903	100	$	534,297	100	$	509,435	100

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Millions of New Taiwan Dollars, Except Earnings Per Share)

(Unaudited)


	Three Months Ended September 30										Nine Months Ended September 30
	2025					2024					2025					2024
	Amount			%		Amount			%		Amount			%		Amount			%
REVENUES	$	57,924			100	$	55,614			100	$	170,463			100	$	164,673			100
OPERATING COSTS		36,413			62		35,208			63		105,571			62		102,948			63

GROSS PROFIT		21,511			38		20,406			37		64,892			38		61,725			37

OPERATING EXPENSES
Marketing		6,418			11		6,294			11		18,970			11		18,416			11
General and administrative		1,785			3		1,663			3		5,373			3		4,980			3
Research and development		1,098			2		1,067			2		3,229			2		3,015			2
Expected credit loss (reversal of credit loss)		113			—		(4	)		—		161			—		76			—

Total operating expenses		9,414			16		9,020			16		27,733			16		26,487			16

OTHER INCOME AND EXPENSES		2			—		(9	)		—		8			—		(10	)		—

INCOME FROM OPERATIONS		12,099			22		11,377			21		37,167			22		35,228			21

NON-OPERATING INCOME AND EXPENSES
Interest income		181			—		173			—		695			—		568			—
Other income		62			—		94			—		443			—		419			—
Other gains and losses		(52	)		—		(109	)		—		(46	)		—		(142	)		—
Interest expenses		(91	)		—		(86	)		—		(273	)		—		(252	)		—
Share of profits of associates and joint ventures accounted for using equity method		55			—		37			—		98			—		74			—

Total non-operating income and expenses		155			—		109			—		917			—		667			—

INCOME BEFORE INCOME TAX		12,254			22		11,486			21		38,084			22		35,895			21
INCOME TAX EXPENSE		2,918			5		2,686			5		6,931			4		6,343			3

NET INCOME		9,336			17		8,800			16		31,153			18		29,552			18

TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
Items that will not be reclassified to profit or loss:
Unrealized gain or loss on investments in equity instruments at fair value through other comprehensive income		(283	)		—		(155	)		—		754			1		86			—
Gain or loss on hedging instruments subject to basis adjustment		19			—		(1	)		—		7			—		(1	)		—
Share of other comprehensive income (loss) of associates and joint ventures		—			—		(1	)		—		(1	)		—		—			—

		(264	)		—		(157	)		—		760			1		85			—

Items that may be reclassified subsequently to profit or loss:
Exchange differences arising from the translation of the foreign operations		161			—		(22	)		—		(270	)		—		115			—

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Millions of New Taiwan Dollars, Except Earnings Per Share)

(Unaudited)


	Three Months Ended September 30										Nine Months Ended September 30
	2025					2024					2025					2024
	Amount			%		Amount			%		Amount			%		Amount		%
Share of other comprehensive income (loss) of associates and joint ventures	$	19			—	$	20			—	$	(4	)		—	$	42		—

		180			—		(2	)		—		(274	)		—		157		—

Total other comprehensive income (loss), net of income tax		(84	)		—		(159	)		—		486			1		242		—

TOTAL COMPREHENSIVE INCOME	$	9,252			17	$	8,641			16	$	31,639			19	$	29,794		18

NET INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	8,941			16	$	8,534			16	$	29,896			17	$	28,751		18
Noncontrolling interests		395			1		266			—		1,257			1		801		—

	$	9,336			17	$	8,800			16	$	31,153			18	$	29,552		18

COMPREHENSIVE INCOME ATTRIBUTABLE TO
Stockholders of the parent	$	8,846			16	$	8,373			16	$	30,406			18	$	28,959		18
Noncontrolling interests		406			1		268			—		1,233			1		835		—

	$	9,252			17	$	8,641			16	$	31,639			19	$	29,794		18

EARNINGS PER SHARE
Basic	$	1.15				$	1.11				$	3.85				$	3.71

Diluted	$	1.15				$	1.10				$	3.85				$	3.70

(Concluded)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In Millions of New Taiwan Dollars)

(Unaudited)


	Equity Attributable to Stockholders of the Parent
																	Others
																	Exchange Differences Arising from the Translation of the Foreign Operations			Unrealized Gain or Loss on Financial Assets at FVOCI		Gain or Loss on Hedging Instruments			Total Others		Total Equity Attributable to Stockholders of the Parent



						Retained Earnings
	Common Stocks		Additional Paid-in Capital			Legal Reserve		Special Reserve			Unappropriated Earnings			Total Retained Earnings																Noncontrolling Interests			Total Equity
BALANCE, JANUARY 1, 2024	$	77,574	$	149,828		$	77,574	$	2,899		$	72,059		$	152,532		$	(168	)	$	521	$	—		$	353	$	380,287		$	12,432		$	392,719
Appropriation of 2023 earnings
Special reserve		—		—			—		(223	)		223			—			—			—		—			—		—			—			—
Cash dividends distributed by Chunghwa		—		—			—		—			(36,910	)		(36,910	)		—			—		—			—		(36,910	)		—			(36,910	)
Cash dividends distributed by subsidiaries		—		—			—		—			—			—			—			—		—			—		—			(898	)		(898	)
Payment of unclaimed dividend		—		—			—		—			—			—			—			—		—			—		—			—			—
Change in additional paid-in capital from investments in associates and joint ventures accounted for using equity method		—		—			—		—			—			—			—			—		—			—		—			—			—
Actual disposal of interests in subsidiaries		—		224			—		—			—			—			—			—		—			—		224			35			259
Net income for the nine months ended September 30, 2024		—		—			—		—			28,751			28,751			—			—		—			—		28,751			801			29,552
Other comprehensive income (loss) for the nine months ended September 30, 2024		—		—			—		—			—			—			122			87		(1	)		208		208			34			242

Total comprehensive income (loss) for the nine months ended September 30, 2024		—		—			—		—			28,751			28,751			122			87		(1	)		208		28,959			835			29,794

Changes in equities of subsidiaries		—		(3	)		—		—			—			—			—			—		—			—		(3	)		33			30

BALANCE, SEPTEMBER 30, 2024	$	77,574	$	150,049		$	77,574	$	2,676		$	64,123		$	144,373		$	(46	)	$	608	$	(1	)	$	561	$	372,557		$	12,437		$	384,994

BALANCE, JANUARY 1, 2025	$	77,574	$	150,054		$	77,574	$	2,676		$	74,362		$	154,612		$	23		$	564	$	(1	)	$	586	$	382,826		$	12,980		$	395,806
Appropriation of 2024 earnings
Cash dividends distributed by Chunghwa		—		—			—		—			(38,787	)		(38,787	)		—			—		—			—		(38,787	)		—			(38,787	)
Cash dividends distributed by subsidiaries		—		—			—		—			—			—			—			—		—			—		—			(1,094	)		(1,094	)
Unclaimed dividend		—		2			—		—			—			—			—			—		—			—		2			—			2
Change in additional paid-in capital for not participating in the capital increase of subsidiaries		—		532			—		—			—			—			—			—		—			—		532			500			1,032
Net income for the nine months ended September 30, 2025		—		—			—		—			29,896			29,896			—			—		—			—		29,896			1,257			31,153
Other comprehensive income (loss) for the nine months ended September 30, 2025		—		—			—		—			(2	)		(2	)		(260	)		765		7			512		510			(24	)		486

Total comprehensive income (loss) for the nine months ended September 30, 2025		—		—			—		—			29,894			29,894			(260	)		765		7			512		30,406			1,233			31,639

Changes in equities of subsidiaries		—		6			—		—			—			—			—			—		—			—		6			12			18
Net increase in noncontrolling interests		—		—			—		—			—			—			—			—		—			—		—			19			19

BALANCE, SEPTEMBER 30, 2025	$	77,574	$	150,594		$	77,574	$	2,676		$	65,469		$	145,719		$	(237)		$	1,329	$	6		$	1,098	$	374,985		$	13,650		$	388,635

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)


	Nine Months Ended September 30
	2025			2024
CASH FLOWS FROM OPERATING ACTIVITIES
Income before income tax	$	38,084		$	35,895
Adjustments to reconcile income before income tax to net cash provided by operating activities:
Depreciation		25,050			24,658
Amortization		5,003			5,021
Amortization of incremental costs of obtaining contracts		709			671
Expected credit loss		161			76
Valuation loss on financial assets and liabilities at fair value through profit or loss, net		75			126
Interest expense		273			252
Interest income		(695	)		(568	)
Dividend income		(281	)		(240	)
Compensation cost of share-based payment transactions		4			7
Share of profits of associates and joint ventures accounted for using equity method		(98	)		(74	)
Loss (gain) on disposal of property, plant and equipment		(8	)		10
Gain on disposal of financial instruments		—			(1	)
Loss (gain) on disposal of investments accounted for using equity method		6			(61	)
Provision for impairment loss and obsolescence of inventory		55			63
Gain on disposal of subsidiaries		(15	)		—
Others		(6	)		13
Changes in operating assets and liabilities:
Decrease (increase) in:
Contract assets		181			(1,208	)
Trade notes and accounts receivable		(685	)		1,707
Receivables from related parties		(41	)		(104	)
Inventories		(1,184	)		(349	)
Prepayments		(3,075	)		(2,864	)
Other current assets		(877	)		(1,401	)
Other current monetary assets		(1,471	)		(11	)
Incremental cost of obtaining contracts		(620	)		(985	)
Increase (decrease) in:
Contract liabilities		1,775			2,230
Trade notes and accounts payable		(4,262	)		(2,016	)
Payables to related parties		(359	)		(189	)
Other payables		(2,029	)		(1,626	)
Provisions		(221	)		(12	)
Net defined benefit plans		(448	)		(419	)
Other current liabilities		(95	)		275

Cash generated from operations		54,906			58,876

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)


	Nine Months Ended September 30
	2025			2024
Interests paid	$	(312	)	$	(288	)
Income taxes paid		(9,137	)		(8,831	)

Net cash provided by operating activities		45,457			49,757

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of financial assets at fair value through other comprehensive income		(262	)		(313	)
Proceeds from capital reduction of financial assets at fair value through other comprehensive income		—			6
Acquisition of financial assets at fair value through profit or loss		(297	)		(127	)
Proceeds from disposal of financial assets at fair value through profit or loss		—			4
Acquisition of investments accounted for using equity method		(14	)		(400	)
Proceeds from disposal of investments accounted for using equity method		5			—
Net cash outflow from loss of control of subsidiaries		(9	)		—
Acquisition of property, plant and equipment		(17,301	)		(16,016	)
Proceeds from disposal of property, plant and equipment		15			10
Acquisition of intangible assets		(91	)		(137	)
Acquisition of investment properties		(7	)		—
Acquisition of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months		(43,443	)		(56,161	)
Proceeds from disposal of time deposits, negotiable certificates of deposit and commercial paper with maturities of more than three months		50,767			61,788
Decrease in other noncurrent assets		221			82
Increase in prepayments for leases		(1,485	)		(1,043	)
Interests received		687			605
Dividends received		564			571
Proceeds from profit distribution of financial assets at fair value through profit or loss		4			3

Net cash used in investing activities		(10,646	)		(11,128	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term loans		2,880			720
Repayment of short-term loans		(2,275	)		(875	)
Proceeds from issuance of bonds		3,500			—
Repayment of bonds payable		(8,800	)		—
Payments for transaction costs attributable to the issuance of bonds		(5	)		—

(Continued)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In Millions of New Taiwan Dollars)

(Unaudited)


	Nine Months Ended September 30
	2025			2024
Repayment of long-term loans	$	(35	)	$	—
Decrease in customers’ deposits		(75	)		(205	)
Payments for the principal of lease liabilities		(3,157	)		(2,924	)
Decrease in other noncurrent liabilities		(688	)		(473	)
Cash dividends paid		(38,787	)		(36,910	)
Partial disposal of interests in subsidiaries without losing control		—			259
Cash dividends distributed to noncontrolling interests		(1,079	)		(887	)
Change in other noncontrolling interests		1,045			23
Unclaimed dividend (payment of unclaimed dividend)		2			—

Net cash used in financing activities		(47,474	)		(41,272	)

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(70	)		34

NET DECREASE IN CASH AND CASH EQUIVALENTS		(12,733	)		(2,609	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		36,260			33,824

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	23,527		$	31,215

(Concluded)

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CHUNGHWA TELECOM CO., LTD. AND SUBSIDIARIES

NOTE TO CONSOLIDATED FINANCIAL STATEMENTS

NINE MONTHS ENDED SEPTEMBER 30, 2025 and 2024

(Unaudited)

STATEMENT OF COMPLIANCE

The Company has prepared its consolidated balance sheets as of September 30, 2025 and 2024, the related consolidated statements of comprehensive income for the three months ended September 30, 2025 and 2024, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the nine months ended September 30, 2025 and 2024 in accordance with International Accounting Standards No. 34 “Interim Financial Reporting” as issued by the International Accounting Standard Board (IASB). The consolidated financial statements are incomplete as they omit the related footnote disclosures as required under International Financial Reporting Standards as issued by IASB.

- 8 -