MAXIS Bhd saw a 5% year-on-year increase in net profit to RM371 million for the first quarter ended March 31, 2025 (1QFY2025), supported by cost optimisation efforts.
The group maintained its full-year guidance despite ongoing competition in the telecommunications sector.
The mobile network operator also declared a first interim dividend of four sen per share, unchanged from a year ago.
“We are actively building greater resilience in a dynamic market by strengthening our core operations and driving digital transformation,” said CEO Goh Seow Eng in a statement.
Service revenue — which excludes device sales — slipped 0.9% to RM2.03 billion, mainly due to a revised commercial structure for the SafeDevice programme and lower regulated interconnect rates.
Earnings before interest, tax, depreciation and amortisation (Ebitda) rose 1.1% to RM1.06 billion, while capital expenditure for the quarter stood at RM86 million.
For 2025, Maxis reiterated its outlook for low single-digit growth in service revenue and flat to modest growth in Ebitda while capex is expected to stay below RM1 billion.
The group said the operating environment remains competitive, with industry players vying for market share amid evolving consumer demands. — TMR
RELATED ARTICLES
Malaysia to invest significantly in latest generation telecommunications and other technologies
Maxis 3Q profit hit by prepaid weakness
Take advantage of free internet data for PdPR purposes – MCMC
Free daily 1GB data to be extended until July 31 – MCMC
Maxis launches Digital Readiness Index for local SMEs to go digital
Maxis records RM365m 3Q net profit
The post Maxis 1Q net profit up 5%, keeps outlook steady amid competition appeared first on The Malaysian Reserve.
