Maxis delivers healthy Q2 2026 performance with 9.5% profit growth
- Profit After Tax of RM436 million, a 9.5% increase year-on-year (YoY)
- EBITDA of RM1.12 billion, a 2.7% increase YoY
- Service Revenue of RM2.25 billion, a 2.2% increase YoY
- Interim dividend of 4 sen per share
Maxis Berhad (Maxis) today reported a healthy performance for the second quarter ended 30 June 2026, with Profit After Tax (PAT) increasing 9.5% year-on-year (YoY) to RM436 million. The solid results were driven by steady Service Revenue growth of 2.2% YoY to RM2.25 billion and EBITDA growth of 2.7% YoY to RM1.12 billion.
Supported by effective working capital management, Maxis registered a higher Operating Free Cash Flow of RM991 million. The Company continued to invest strategically in its integrated network infrastructure, allocating RM171 million in CAPEX to expand fibre coverage, upgrade network capacity, and enhance service reliability.
The quarter’s performance demonstrates Maxis’ operating discipline, bolstered by deeper AI integration across its operations and network infrastructure. In the Consumer segment, Maxis continued to enhance its converged mobile and fibre offerings to meet evolving customer needs. Meanwhile, Maxis’ Enterprise business expanded through integrated ICT solutions, reinforcing Maxis’ position as a trusted digital infrastructure and connectivity partner for Malaysian businesses.
Performance by segment:
- Consumer Mobile: Service revenue increased 2.7% YoY to RM1.58 billion, supported by new postpaid and prepaid plans with refreshed data propositions. Total mobile subscribers grew 1.7% YoY to 9.98 million, led by sustained postpaid subscriber growth.
- Consumer Home: Maxis’ strategic focus on converged mobile-fibre bundles continued to strengthen customer loyalty, driving a 3.2% YoY increase in subscriptions to 813,000. While service revenue eased by 0.8% YoY to RM252 million, the segment achieved a 5% margin improvement.
- Enterprise Business: Service revenue grew 2.2% YoY to RM416 million. The segment’s growth was driven by its Fixed & Solutions portfolio, including managed services, cloud connectivity, and digital solutions.
“Our second quarter results reflect our approach to the business, combining steady top-line performance with operating discipline to accelerate profit growth. We continue to drive margin expansion through focused execution across the business. In recognition of these results, the Board declared an interim dividend of 4 sen per share, maintaining our stable dividend payout. As we complete a solid first half, our full-year guidance remains unchanged at low single-digit growth in Service Revenue and EBITDA, with CAPEX intensity between 10% and 12%. Across the remainder of the year, we remain focused on leveraging our integrated network to create value for consumers and power businesses, while delivering sustainable long-term growth for our shareholders. - Goh Seow Eng, Chief Executive Officer of Maxis
Key Initiatives in Q2 2026:
During the quarter, Maxis advanced several key initiatives:
- Enterprise Growth: Introduced an enhanced Maxis Business Postpaid portfolio and secured a three-year renewal from Telekom Malaysia for 4G Multi-Operator Core Network (MOCN) and domestic 4G and 2G roaming services.
- Home Solutions: Expanded Maxis Home Solar with an outright purchase option, offering customers greater flexibility in adopting solar energy.
- Digital Empowerment: Enhanced Program GenAI Maxis eKelas and supported Sabah entrepreneurs through eKelas Usahawan, expanding access to practical AI and digital business skills.
