Maxis, a leading telecommunications company in Malaysia, reported a positive first-quarter result with a stronger net profit and higher revenue compared to the year-ago quarter. The company's CEO, Goh Seow Eng, attributed the performance to a disciplined approach and an encouraging start to the financial year. Maxis is maintaining its full-year guidance of low single-digit growth in service revenue and Ebitda, as well as a capex intensity of 10% to 12%. The consumer mobile service revenue increased 3.5% year-on-year, driven by targeted customer acquisition and relevant offerings. In the enterprise business, service revenue rose 5.3% year-on-year. Maxis also participates in Bank Negara's SME SRF to support SMEs.
's first-quarter performance is a reflection of a clear execution of its strategy, said CEO Goh Seow Eng, who noted a positive first-quarter result from the group's disciplined approach.
Posting a stronger net profit of RM417mil in 1Q26 as compared to RM371mil in the year-ago quarter, as well a higher quarterly revenue of RM2.73bil from RM2.61bil in the comparative quarter, Goh said the group is seeing an encouraging start to the financial year.
"In recognition of this strong performance, the board declared a dividend of four sen per share, reflecting our continued focus on maintaining a stable dividend payout,” he said in the group's results announcement. Moving forward, the group is maintaining its full-year guidance of low single-digit growth in service revenue and earnings before interest, tax, depreciation and amortisation , as well as a capex intensity of 10% to 12%.
"Mindful of macroeconomic volatility, we are actively optimising our supply chain and operations to mitigate external headwinds. Maxis remains focused on delivering sustainable growth and long -term value for our customers and shareholders," said Goh. By segment, Maxis' consumer mobile service revenue increased 3.5% year-on-year to RM1.57bil, driven by argeted customer acquisition and relevant offerings for different segments. Total mobile subscribers grew 1.6% year-on-year to 9.93 million, led by healthy y-o-y growth in postpaid subscribers.
In the consumer home segment, subscriptions rose 2.5% y-o-y to 807,000, though service revenue saw a slight decline of 1.2% to RM251mil due to heightened price competition. Service revenue in the enterprise business rose 5.3% y-o-y to RM419mil, driven by strong performance in fixed and solutions, particularly in Internet of Things and fixed network solutions. CGC participates in Bank Negara's SME SRF to support SMEs
Maxis First-Quarter Results Strong Performance Low Single-Digit Growth Guidance Capex Intensity SME SRF SME Bank Negara Telecommunications Company Malaysia Revenue Net Profit Consumer Mobile Service Revenue Enterprise Business Consumer Home Segment Price Competition Internet Of Things Fixed Network Solutions
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