Maxis Berhad has reported resilient second-quarter results for the period ended 30 June 2025, showing that careful cost management and a disciplined operational strategy continue to strengthen the company’s financial performance.
The integrated telco recorded an earnings before interest, tax, depreciation, and amortisation (EBITDA) of RM1,094 million, representing a 4.6% year-on-year increase. Profit After Tax (PAT) also climbed by 11.8% to RM398 million, reflecting improved profitability despite only marginal changes in revenue.
Total service revenue for the quarter stood at RM2,204 million, a slight decline of 0.5% compared to the same period last year. The dip was mainly due to previously announced changes in commercial arrangements relating to Maxis’ device protection programme, which will continue to affect year-on-year comparisons for the rest of 2025.
Within its consumer mobile business, service revenue eased by 1.3% to RM1,543 million. Yet, subscriptions grew by 2.8%, pushing Maxis’ total mobile subscriber base to 9.81 million. The postpaid segment led this momentum, boosted by enhanced data plans offering better value, while prepaid products remained attractive to budget-conscious customers and international travellers.
In the home segment, revenue improved by 1.2% to RM254 million, supported by a 1.4% rise in total connections. The company’s converged offerings, which combine mobile, broadband, devices, and even solar energy solutions, have been gaining steady traction among households looking for convenience and reliability.
Maxis’ enterprise business also maintained positive momentum, posting a 1.5% increase in service revenue to RM407 million. Demand for fixed connectivity and digital solutions such as cloud, IoT, managed services, and cybersecurity remained strong as businesses of all sizes accelerated their digital transformation.
Commenting on the results, Maxis Chief Executive Officer Goh Seow Eng said the quarter reflected the company’s resilience in navigating industry challenges while strengthening its position in the market.
“We maintain our full-year guidance for low single-digit service revenue growth and flat to low single-digit EBITDA growth, and will continue to strategically invest in our network and offerings to enhance our integrated capabilities and meet evolving customer needs,’ he said.
The company continued to invest strategically, with capital expenditure of RM165 million during the quarter. These funds were primarily allocated to expanding fibre infrastructure and targeted upgrades to its mobile network to meet rising demand.
Maxis’ solid performance was further underlined by a healthy operating free cash flow of RM929 million and a cash balance of RM688 million at the end of the quarter. The board declared an interim dividend of four sen per share, reflecting the company’s confidence in its fundamentals and its ongoing ability to reward shareholders.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri.
