KUALA LUMPUR: Maxis Bhd
registered earnings growth in the third quarter of the year as service revenue rose in tandem with improved operational efficiencies, network optimisation and digitalisation initiatives.
In the quarter under review, Maxis posted a net profit of RM412mil, up from RM366mil in the year-ago quarter for a higher earnings per share of 5.3 sen against 4.6 sen previously.
The telco reported quarterly revenue of RM2.59bil as compared to RM2.58bil in the previous corresponding quarter.
In line with the performance, the board of directors declared a dividend of four sen per share, with entitlement date on Nov 28, 2025, and payable on Dec 19, 2025.
According to Maxis' results announcement, service revenue rose 1.3% to RM2.24bil due to a steady performance in the consumer postpaid, home and enterprise segments.
It noted however that changes to the commercial arrangement for the company's device protection program continued to impact results.
Consumer mobile registered a 3.2% year-on-year (y-o-y) increase in subscribers to 9.87 million, led by 7.7% y-o-y postpaid growth.
The consumer home service segment saw service revenue rise 1.6% y-o-y to RM255mil and subscriptions gaining 0.8% to 788,000.
In the enterprise business segment, service revenue grew 5.6% y-o-y to RM418mil due to significant growth in fixed and solutions revenue, particularly in network (including data centre connectivity), cloud, and wholesale solutions.
"We’re leveraging AI and automation for cost efficiencies while our investment to maintain our network leadership continues, with quarterly capex of RM224mil.
"We affirm our full year guidance for low -single -digit growth in service revenue and mid-single -digit growth in EBITDA, supported by capex of around RM1 billion," said Maxis CEO Goh Seow Eng.
For the nine-month period, Maxis recorded a net profit of RM1.18bil as compared to RM1.08bil in the same period in 2024, while revenue dipped slightly to RM7.76bil from RM7.77bil in the comparative period.
