Astro Malaysia Holdings Bhd recorded a net loss of RM28 million for the second quarter of FY2027, compared with a profit of RM15 million in the corresponding period last year, as weaker market conditions and unrealised foreign exchange losses weighed on earnings.
Revenue for the quarter stood at RM634 million, down 4% quarter-on-quarter due to softer subscription and advertising revenue.
Astro said EBITDA came in at RM130 million, with the EBITDA margin maintained at 20%, supported by disciplined cost management and operational efficiencies.
The group attributed the quarterly loss mainly to unrealised forex losses on unhedged transponder lease liabilities, arising from a weaker ringgit.
For the first half of FY2027, Astro recorded a loss of RM28 million, reversing a profit of RM29 million in the same period a year earlier.
Despite the weaker bottom line, Astro remained cash-generative, producing free cash flow of RM113 million during the quarter.
The group said it continues to reduce its cost base while navigating softer market conditions that have affected profitability.
