Latest news with #MaxisBhd
Malaysian Reserve
19-05-2025
- Business
- Malaysian Reserve
Maxis downgraded to Neutral, with an unchanged target price of RM3.90
Maxis Bhd posted a 5.1% year-over-year increase in 1QFY25 net profit to RM371m on the back of lower depreciation and net interest costs. The results came in within our and consensus expectations, accounting for 25.4% and 25% of full-year estimates, respectively. Revenue came in flat as the increase in fibre, postpaid and device revenue was offset by lower contribution from the prepaid segment. We expect earnings to remain resilient in FY25F, supported by a steady domestic demand for affordable postpaid mobile services as well as fibre connectivity to homes. However, given the limited upside potential to our target price of RM3.90, we downgrade our rating from Trading Buy to Neutral. A first interim dividend per share of 4.0 sen was declared (1QFY24: 4.0 sen per share). – Public Investment Bank Bhd (May 19, 2025) (Calls by analysts tracked by Bloomberg: 9 Buy, 13 Hold, 2 Sell; Consensus target price: RM3.99)
New Straits Times
16-05-2025
- Business
- New Straits Times
Maxis' net profit up 5.1pct to RM371mil, revenue rises to RM2.61bil in Q1
KUALA LUMPUR: Telecommunications company Maxis Bhd reported a 5.1 per cent increase in net profit to RM371 million for the first quarter ended March 31 2025. This was mainly due to lower net finance costs compared to RM353 million in the same quarter last year, Maxis said today. Its revenue inched up 0.2 per cent to RM2.61 billion from RM2.6 billion previously, supported by higher device sales driven by increased volume. However, the company's service revenue dipped 0.9 per cent to RM2.17 billion, impacted by a revised commercial structure for the SafeDevice programme and lower regulated interconnect rates. The company also announced an interim dividend of four sen per share for the quarter. Maxis said it remains committed to boosting customer value by driving service innovation and maintaining a highly reliable network. "We are committed to optimising operational efficiencies to ensure sustainable long-term growth," it added. Maxis has identified five key focus areas for 2025. This includes bundling and cross-selling to strengthen its consumer base, and growing its enterprise business while remaining aligned with its core offerings. The company will also prioritise infrastructure and wholesale development, digitalisation and artificial intelligence (AI) adoption, as well as operational excellence. Maxis chief executive officer Goh Seow Eng said the company expects to see a rebound in service revenue with low single-digit growth, along with flat to modest growth in earnings before interest, taxes, depreciation and amortisation by the end of the year. This is backed by disciplined capital spending of under RM1 billion, strategically directed toward key areas that support long-term growth and improved customer value. "We are actively building greater resilience in a dynamic market by strengthening our core operations and driving digital transformation," Goh added.
The Star
16-05-2025
- Business
- The Star
Maxis posts higher net profit of RM371mil, declares 4c div/share
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.
