KUALA LUMPUR: Maxis Bhd
is anticipating its service revenue to return to low single-digit growth as well as flat to low single-digit earnings before interest, tax, depreciation and amortisation (Ebitda) by the year-end.
To achieve this, the telco said it will keep to a disciplined capital expenditure under RM1bil, "strategically invested in key areas for long-term growth and enhanced customer value".
This was in line with the company's efforts to build greater resilience via strengthening core operaitons and driving digital transformation, said Maxis CEO Goh Seow Eng in a press statement.
On Friday, the telco reported its first-quarter result for 2025, registering a net profit of RM371mil as compared to RM353mil in the year-ago quarter on lower depreciation and net finance costs.
Revenue was marginally higher at RM2.61bil from RM2.6bil in 1QFY24, while earnings per share share rose to 4.7 sen from 4.5 sen in the comparative quarter.
A first interim dividend of four sen per share was declared for the quarter, with entitlement date set on June 3, 2025, and payable on June 20, 2025.
During the quarter, Maxis said service revenuue was 0.9% lower year-on-year (y-o-y) at RM2.17bil due mainly to changes in commercial arrangement related to the telco's device protection programme.
The consumer mobile segment's service revenue was down 2.6% to RM1.52bil in accordance to the commercial arrangements, in addition to seasonal fluctuations and lower internconnect rates.
However, the consumer mobile segment grew its subscriber base by 3.7% to 9.77 million.
In the consumer home segment, Maxis's revenue expanded 4.1% to RM254mil while home subscribers grew 2.9% to 787,000, amid the adoption of fibre broadband and customised offerings through bundled and value-added services.
According to Maxis, the recent launch of its solar installation prgoramme, Maxis Home Solar, also strengthened its converged home proposition as it expanded access to renewable energy to households in Peninsular Malaysia.
For the enterprise segment, Maxis recorded a 2.8% increase in service revenue y-o-y to RM398mil on higher mobile subscriptions and deliveries of fixed and solution services.
Maxis said it maintained an operating free cash flow of RM883mil, with a strong cash balance of RM1.23bil as at 1Q25, supported by effective working capital management.
