Maxis’ Q3 service revenue rose by 1.8% year-on-year (YoY) to RM2.14 billion, contributed by steady growth in both consumer and home segments. EBITDA stood at RM929 million, with a Profit After Tax (PAT) of RM287 million.
The company has declared an interim dividend of 4 sen per share for the quarter.
The telco saw its postpaid revenue increase by 6.3% YoY. Home connectivity registered another quarter of the double-digit subscriber growth rate, contributed by strong fibre demand.
Enterprise business also maintained its upward momentum as revenue grew by 6.4% YoY, supported by fixed and mobile solutions revenue. The Company continues to leverage the potential of its enterprise offerings to benefit businesses of all sizes, including championing the Government’s small-medium enterprise (SME) grant programme, Geran Digital Perusahaan
Mikro Kecil dan Sederhana Madani.
During the quarter, Maxis channeled RM215 million in capex toward network quality and capacity expansion to ensure a solid integrated network experience nationwide. In view of its recent 5G rollout and fibre-related developments, the company said it plans to diligently manage capex while growing its customer base and service offerings.
Commenting on the result, CEO Goh Seow Eng said “We are seeing good take-up of our recently launched 5G and new fibre
plans. Our top priority is to focus on operational excellence and we remain firmly committed to meeting all our customers’ connectivity needs.”
Postpaid mobile sustained momentum with healthy subscriber growth of 8.0%, bringing the total number of postpaid subscriptions to 3.53 million. This contributed to the RM882 million in revenue for the quarter, up by 6.3%. However, Prepaid mobile subscriptions declined by 2.5%, with overall subscribers at 5.68 million. Home connections registered 12.0% subscriber growth in comparison to the same quarter last year, for a net increase of 78,000 in total connections. Enterprise revenue (excluding wholesale voice) grew by 6.4% compared to Q3 2022 to RM380 million.
