TM reports 47.6% jump in 3Q profit to RM686mil

KUALA LUMPUR: Telekom Malaysia Bhd (TM), which posted a 47.6% jump in net profit for the third quarter ended Sept 30 (3Q25), said it will focus on sustaining profit growth in the final quarter while continuing to invest in infrastructure to support the nation’s digital economy.

“As we move into the final quarter, our priority is to ensure growth in profitability whilst continuing to invest strategically in future-ready infrastructure that will catalyse the nation’s digital economy, driving inclusivity for all.

“This is in line with our aspiration of becoming a Digital Powerhouse by 2030 while positioning Malaysia as the digital hub for Asean,” group chief executive officer Amar Huzaimi Md Deris said in a statement.

In 3Q25, TM’s net profit jumped 47.6% to RM686.3mil, or 17.88 sen per share, bringing its nine-month profit 15.9% higher to RM1.49bil, or 38.84 sen per share.

TM said the higher profit reflected the group’s execution discipline, coupled with one-off items recognised during the quarter.

Quarterly revenue rose 2.6% to RM2.99bil, lifting nine-month revenue to RM8.61bil.

No dividend is declared for the current quarter ended Sept 30.

“TM’s stronger third-quarter results underscore our momentum in transformation and new growth areas. The improved performance reflects our consistent focus on execution discipline and commitment towards value creation.

“We are executing our strategy with vigour, solidifying our core business, scaling up our sovereign data centre and cloud infrastructure for growth, while embedding AI across our operations to drive long-term competitive advantage,” Amar said.

TM said capital expenditure came in at 14.9% of revenue, in line with its full-year guidance, reflecting disciplined execution of its strategic investments.

It added that the expansion of its data centres in the Klang Valley and Iskandar Puteri has moved into the operational phase, with an additional 20MW of capacity now available, strengthening Malaysia’s position as a regional hub for hyperscalers and cloud service providers.

TM said improved asset utilisation and stronger earnings, combined with disciplined investments, have lifted its return on invested capital (ROIC) to a record 13.5%, contributing positively to stakeholder value.

The group added that it maintains a positive outlook for the remainder of 2025.