KUALA LUMPUR: TIME Dotcom Bhd
’s net profit for the second quarter of 2026 (2Q 2026) ended June 30, 2026 rose to RM134.62 million from RM104.63 million in the same quarter last year.
The gains were attributed to higher profit from operations, net foreign exchange gain and a higher share of profit from associates, said the telecommunications and digital infrastructure company in a Bursa Malaysia filing today.
Revenue increased to RM477.77 million in 2Q 2026, which is RM32.1 million, or 7.2 per cent higher, from RM445.67 million recorded in Q2 2025, mainly due to higher revenue from data and other revenues.
For the first half of 2026, with the financial year ending Dec 31, 2026 (1H FY2026), the company posted a higher net profit of RM253.81 million from RM217.62 million, driven by higher overall revenue, improvement in margins and lower net foreign exchange losses.
Revenue for 1H FY2026 rose to RM931.90 million from RM874.62 million due to higher revenue from data products, partially offset by a decline in cloud and other services and voice.
Its group chief executive officer Loh Jenkim said the performance in the first half of the year reflects the company’s relentless focus on delivering reliable, high-quality connectivity to the customers.
"We remain focused on strengthening our network and maintaining a disciplined approach to operational execution,” she said in a statement.
Supported by the group’s profitability and available cash position, the board declared a special interim tax-exempt (single-tier) dividend of 5.41 sen per ordinary share amounting to RM100.0 million, to be paid on Sept 25, 2026.
Looking ahead, the group remains focused on long-term development of its connectivity business through continued investments in network expansion and coverage footprint, alongside enhancements to its products and solutions to deliver innovative customer-centric solutions.
"The group will maintain a prudent stance amid economic uncertainties and evolving industry dynamics with a view to enhancing asset yields.
"The group remains committed to advancing its sustainability agenda by progressively embedding environmental, social and governance across operations and further developing its renewable energy initiatives in support of its net zero ambitions,” said the group.
The company also continues to contribute to the nation’s larger sustainability agenda as reflected in the recent completion of the first phase of its Green Rewards Programme for homeowners by the group’s energy subsidiary, Time Energy Sdn Bhd. - Bernama
