Maxis Bhd has delivered a strong performance for its financial year ended Dec 31, 2024 (FY24), as its profit after tax increased by 40.7% year-on-year (YoY) to RM1.4 billion.
The Malaysia’s leading integrated telecommunication company (telco) also achieved its highest-ever service revenue after it surged 3.5% YoY to RM8.7 billion, underpinned by the healthy growth momentum across its core connectivity services and adjacent digital solutions.
Improved revenue and disciplined cost management also resulted in a 4.1% YoY increase in its EBITDA to RM4.1 billion.
Due to the telco’s strong performance for the year, it has declared a fourth interim dividend of four sen per share and a one-time dividend of one sen per share for the fourth quarter ended Dec 31, 2024, bringing the full year total dividend to 17 sen per share.
Other FY24 financial highlights versus FY23 include capital expenditure amounted to RM674 million, with a focus on prioritising essential investments that enhance Maxis’ integrated network capabilities and operating free cash flow increased to RM3.1 billion, driven by enhanced working capital management and operational efficiencies. The cash balance remained stable at RM464 million.
