Maxis net profit rises 9.5% in second quarter

Maxis Berhad announced a 9.5% year-on-year increase in its net profit after tax, reaching RM436 million for the second quarter ending June 30, 2026. This financial performance reflects a stable growth in service revenue, which rose 2.2% to RM2.25 billion, and an improved EBITDA of RM1.12 billion, up 2.7%.

Maxis CEO Goh Seow Eng attributed the results to the company's strategy of combining steady revenue growth with operational discipline. "We continue to improve our margins through focused execution across the business," he stated. Reflecting this positive performance, the Board of Directors declared an interim dividend of 4.0 sen per share, maintaining consistent dividend payouts.

The company reaffirmed its full-year financial projections, anticipating low single-digit growth for both service revenue and EBITDA. Capital expenditure is expected to remain between 10% and 12%. Maxis highlighted its strong first-half performance, driven by effective working capital management which contributed to RM991 million in operating free cash flow. The company allocated RM171 million for capital expenditure to expand and enhance its network capacity.

In the consumer mobile segment, service revenue grew 2.7% to RM1.58 billion, boosted by new postpaid and prepaid plans. The total mobile subscriber base increased by 1.7% to 9.98 million, primarily due to postpaid customer growth. For the consumer residential segment, subscriptions increased 3.2% to 813,000, driven by integrated mobile and fiber optic packages, although service revenue saw a slight dip of 0.8% to RM252 million. The enterprise segment reported a 2.2% increase in service revenue to RM416 million, supported by its fixed and digital solutions portfolio.

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We continue to improve our margins through focused execution across the business.