Telekom Malaysia Berhad (TM) today (Feb 23) recorded a Group’s Earnings Before Interest and Tax (EBIT) of RM2.09 billion for FY2023 based on a revenue stream or operating revenue which grew to RM12.26 billion, reflecting a positive growth momentum.
PATAMI increased 63.6% from RM1.14 billion to RM1.87 billion.
TM’s Group Chief Executive Officer Amar Huzaimi Md Deris, announced the results today, adding that the group will release its 2nd interim dividend and final dividend totalling 15.5 sen per share or approximately RM594.9 million on the FY2023 performance.
Amar Huzaimi, said EBIT was affected marginally by higher operational costs. Meanwhile, the Group’s Profit After Tax and Non-Controlling Interest (PATAMI) rose 63.6% from RM1.14 billion to RM1.87 billion due to a lower net finance cost and tax impact.
TM declared a 2nd interim dividend and final dividend totalling 15.5 sen per share amounting to approximately RM594.9 million, demonstrating its commitment to delivering shareholder value.
The financial results for the year ended 31 December 2023 (FY2023) revealed that the Group reported a higher revenue and profitability compared to FY2022, with denoting a strong, viable performance which reaffirms the Group’s resilience in the competitive market landscape.
Amar Huzaimi explained that during the year under review, the Group registered a higher revenue of RM12.26 billion compared to RM12.1 billion in FY2022 propelled by the strong performance of Unifi and TM Global.
Specifically, Unifi’s fixed broadband subscriptions experienced a 3.1% growth, reaching 3.13 million, while TM Global’s revenue grew from heightened demand for domestic and international data services.
The Group’s capital expenditure (CAPEX) in FY2023 stood at RM1.9 billion, or 15.9% of its revenue. These investments were primarily aimed at expanding the Group’s network infrastructure nationwide and regional submarine cable system.
Reflecting on the FY2023 performance, Amar Huzaimi Md Deris said, “I am pleased to share that TM has sustained its performance amidst challenging regulatory landscapes, heightened competition, and evolving market dynamics.
“Our convergence solutions, paired with attractive packages have continued to appeal to our customers, reinforcing our position as the only Fixed Mobile Convergence with quad-play in Malaysia. The ongoing expansion of our nationwide fibre coverage, coupled with the enhancement of our data and network infrastructure, have also contributed to our growth.
“We remain committed to promoting digital inclusivity and wider digital adoption while addressing the evolving needs of our customers, both domestically and internationally.”
“Furthermore, 2023 marked the completion of our initial three-year transformation phase during which we have further solidified our position in the local and global telecommunication landscape. Advancing into the next level of our transformation journey, we are now focused on evolving into a Digital Powerhouse by 2030, while positioning Malaysia as a digital hub for the region.
He added TM’s commitment aligns with the nation’s aspiration of becoming a fully integrated digital society, ensuring that the Group continues to play a key role in the era of digital innovation.
