Maxis' net profit rises to RM1.56bil in FY25

KUALA LUMPUR: Maxis Bhd reported a 12% increase in its bottomline in FY25 as compared to the previous year on the back of higher service revenue in its consumer home and enterprise segments.

The telco said in a statement its annual net profit rose to RM1.56bil as compared to RM1.4bil in FY24, while revenue rose to RM10.64bil from RM10.54bil over the same comparison.

Earnings per share was higher at 19.9 sen as compared to 17.8 sen previously.

In the fourth quarter alone, Maxis' net profit was RM380mil, up from RM321mil in the same quarter of the previous year, while revenue was improved to RM2.88bil from RM2.77bil in the comparative quarter.

The group declared a fourth interim dividend of four sen a share and a one-time dividend of 1.5 sen a share, bringing its total payout for the year to 17.5 sen a share.

"Our disciplined execution and operational focus delivered results consistent with our guidance, underscored by one of our highest-ever earnings before interest, taxes, depreciation and amortisation (Ebitda)," said Maxis CEO Goh Seow Eng.

"Looking ahead, our strategy is to strengthen our

consumer segment and expand our enterprise offerings beyond connectivity, including the growth of our who lesale business. 

"We are investing in our network infrastructure and utilising AI-driven digitalisation to enhance efficiency and meet future demands."

During the year, Maxis said service revenue increased 0.5% year-on-year (y-o-y) to RM8.91bil.

Underpinning this performance, consumer home service revenue grew 2.4% y-o-y to RM1.02bil, with subscriptions increasing 1.9% to 799,000.

Enterprise business service revenue jumped 3.4% y-o-y to RM1.67bil, led by the fixed and solutions portfolio alongside resilient mobile growth.

Consumer mobile service revenue decreased 0.6% to RM6.23bil due to changes in commercial arrangements related to the Maxis Device Care programme. 

Excluding this impact and lower interconnect rates, Maxis said underlying consumer mobile revenue improved. Total subscribers in the segment grew 2.8% to 9.98 million.