13/02/2026

FRIDAY | FEB 13, 2026

BIZ & FINANCE 15 Maxis FY25 net profit up 11.8% year-on-year to RM1.56 billion

KUALA Mobile telecommunication services provider Maxis Bhd’s revenue increased by 3.8% to RM2.87 billion for Q4 ended Dec 31, 2025 (FY25) from RM2.77 billion in Q4’24, while service revenue grew by 2.1% to RM2.29 billion despite the impact of a new commercial arrangement for the Maxis Device Care programme and lower regulated interconnect rates. Consumer business revenue rose by 1.8% to RM1.85 billion in Q4’25, driven by a 3% increase in postpaid revenue to RM976 million on the back of a 7% growth in postpaid subscribers, while home revenue improved by 2.8% to RM254 million. Enterprise business revenue increased by 3.8% to RM442 million, supported by stronger wholesale services. EBITDA for Q4’25 grew by 9.6% to RM1.07 billion, underpinned by higher service revenue and continued effective cost management, which in turn contributed to profit before tax and profit after tax rising by 13.6% and 18.4%, respectively. Maxis’ capital expenditure increased by 63.8% to RM511 million as the company continued investing in integrated network infrastructure to support capacity growth, while OFCF improved by 52.9% due to strong working capital management and lower regulatory-related payments. For FY25, net profit grew by 11.8% year-on-year (YoY) to RM1.56 billion, underpinned by stronger earnings before interest, taxes, depreciation, and amortisation (EBITDA), which increased by 5% YoY to RM4.32 billion. This performance marks one of Maxis’ highest ever full-year EBITDA, reflecting sustained gains from disciplined cost management, digitalisation initiatives, and operational efficiencies. Service revenue grew by 0.5% YoY to RM8.91 billion, supported by consistent performance in the consumer business and growth in the enterprise business. Segmentally, Maxis’ consumer mobile service revenue declined marginally by 0.6% YoY to RM6.23 billion, primarily due to changes in commercial arrangements related to the Maxis Device Care programme, consistent with prior quarterly announcements during FY25. LUMPUR:

o Strong Ebitda and disciplined cost management drive earnings growth and dividend uplift Excluding this impact and lower interconnect rates, the underlying consumer mobile revenue improved. Total mobile subscribers grew by 2.8% YoY to 9.98 million, driven by fresh acquisitions and successful prepaid-to-postpaid migration strategies. Meanwhile, the consumer home segment achieved a significant milestone, crossing the RM1 billion service revenue mark for the first time. Home revenue grew by 2.4% YoY to RM1.01 billion, while total subscriptions rose by 1.9% to 799,000, driven by wireless broadband take up. This performance reflects the company’s focus on value creation despite intensified price competition. Furthermore, Maxis’ enterprise business recorded robust growth, with service revenue rising 3.4% YoY to RM1.66 billion, driven by the fixed & solutions portfolio and resilient mobile growth. Maxis’ Q4 performance was boosted by successful project completions and deal closures, reflecting the company’s strength in strategic execution. Maxis CEO Goh Seow Eng said the company’s disciplined execution and operational focus delivered results consistent with its guidance, underscored by the highest-ever EBITDA. “Reflecting this strong profitability, we are pleased to announce a total dividend of 17.5 sen

Consumer home revenue crossed the RM1 billion mark for the first time, with subscriptions rising to 799,000.

optimising operational efficiencies to support sustainable long-term growth. “In 2026, our priorities are centred on strengthening our customer base through strategic bundling to improve retention and lifetime value, expanding our enterprise business beyond connectivity, growing our network infrastructure and wholesale capabilities to meet future demand. “Maxis will also leverage digitalisation and AI to enhance customer experience and drive efficiency, and foster a high performance culture focused on accountability, execution, and results. “For the financial year ending Dec 31, 2026, we are guiding for low single-digit growth in service revenue and EBITDA, with capex intensity expected to be between 10% and 12%,” it said.

At the same time, it launched a GenAI-powered conversational assistant within the Maxis app to enhance customer engagement. Beyond connectivity, Maxis introduced Maxis Home Solar to broaden renewable energy access for Malaysian households. In addition, Maxis launched Malaysia’s first Quantum-Safe Networking solution to enhance security for government and business entities, and partnered with the Education Ministry to introduce GenAI modules through Maxis eKelas, providing AI skills training for students and teachers. In a Bursa Malaysia filing, Maxis said the local telecommunications sector remains highly competitive. The company will continue to focus on enhancing customer value through innovative connectivity solutions and a highly reliable nationwide network, while

for the year, including a fourth interim dividend of 4 sen and a one time dividend of 1.5 sen declared for the quarter. “Looking ahead, our strategy is to strengthen our consumer segment and expand our enterprise offerings beyond connectivity, including the growth of our wholesale business. “We are investing in our network infrastructure and utilising AI-driven digitalisation to enhance efficiency and meet future demands,” he said in a statement. Highlighting key initiatives in FY25, Maxis accepted the 2x10MHz of 2100MHz spectrum assignment from the Malaysian Communications and Multimedia Commission (MCMC). The company initiated a significant expansion of Maxis’ proprietary fibre network in Penang, targeting over 100,000 homes by 2027.