KUALA LUMPUR: Telekom Malaysia Bhd
's (TM) net profit for the first quarter ended March 31, 2026 (1Q FY2026) eased to RM321.51 million from RM401.25 million a year ago.
In a filing with Bursa Malaysia today, the telecommunications company said revenue, however, improved by 2.9 per cent to RM2.93 billion against RM2.85 billion.
"This reflects a strong start to the year and sustained momentum across all business segments, spearheaded by business-to-consumer (B2C) and carrier-to-carrier (C2C)," it said.
During the quarter, the group recognised a one-off adjustment of RM127.3 million related to the write-down of unutilised prepaid capacity under the current 5G access agreement, following a February announcement.
TM reaffirmed its commitment to its new dividend policy and declared a dividend of 6.5 sen per share, representing 78 per cent of reported profit after tax and minority interests (PATAMI) for 1Q FY2026.
Its group chief executive officer Amar Huzaimi Md Deris said the year's growth momentum is backed by proactive moves to boost the competitiveness of its quad play offerings, anchored by mobile, television and smart home.
This is further complemented by encouraging growth in both our B2B and C2C digital offerings, such as cloud, cybersecurity, smart services, artificial intelligence (AI) and data centres.
"All of these contributed to a 9.3 per cent increase in underlying PATAMI, a testament to our core operational resilience.
"This reaffirms that our Pioneer, Win, and Revitalise (PWR) 2030 strategy is yielding the right value creation and sustainable returns for shareholders," he said.
Meanwhile, TM said it maintains a measured outlook amid prevailing uncertainties and remains focused on delivering its FY2026 guidance.
"TM will continue executing its strategic pillars with discipline to advance its growth, while ensuring Malaysia remains competitive in the global digital economy," it added. - Bernama
