Maxis builds momentum in Q1 2026 with double-digit profit growth
- Profit After Tax of RM417 million, a 12.4% increase year-on-year (YoY)
- EBITDA of RM1.10 billion, a 4.2% increase YoY
- Service Revenue of RM2.24 billion, a 3.3% increase YoY
- Interim dividend of 4 sen per share
Maxis Berhad (Maxis) today reported robust performance for the first quarter ended 31 March 2026, with Profit After Tax (PAT) increasing 12.4% year-on-year (YoY) to RM417 million. The results were underpinned by steady Service Revenue growth of 3.3% YoY to RM2.24 billion and Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) growth of 4.2% YoY to RM1.10 billion.
Maxis recorded higher Operating Free Cash Flow of RM983 million, supported by strong working capital management. CAPEX stood at RM142 million as the Company continues to make focused investments in its integrated network infrastructure, including fibre expansion and essential mobile network capacity upgrades.
The quarter’s performance reflects continued momentum, with strong execution and operational discipline driving growth across the Consumer and Enterprise businesses. Maxis continues to provide converged offerings and leverage digitalisation and AI to deliver greater customer value and a seamless network experience.
Performance by segment:
- Consumer Mobile: Service revenue increased by 3.5% YoY to RM1.57 billion, driven by targeted customer acquisition and relevant offerings for different segments. Total mobile subscribers grew by 1.6% YoY to 9.93 million, led by healthy year-on-year growth in postpaid subscribers.
- Consumer Home: Subscriptions rose 2.5% YoY to 807,000, though service revenue saw a slight decline of 1.2% to RM251 million due to heightened price competition.
- Enterprise Business: Service revenue rose 5.3% YoY to RM419 million, driven by strong performance in Fixed & Solutions, particularly in IoT and fixed network solutions.
"Maxis’ healthy first quarter performance demonstrates clear execution of our strategy. Our disciplined approach continues to yield positive outcomes, translating steady revenue growth into accelerated profitability. In recognition of this strong performance, the Board declared a dividend of 4 sen per share, reflecting our continued focus on maintaining a stable dividend payout. Building on this encouraging start to FY2026, we maintain our full-year guidance of low single-digit growth in Service Revenue and EBITDA, with CAPEX intensity between 10% and 12%. Mindful of macroeconomic volatility, we are actively optimising our supply chain and operations to mitigate external headwinds. Maxis remains focused on delivering sustainable growth and long-term value for our customers and shareholders.” - Goh Seow Eng, Chief Executive Officer of Maxis
Key Initiatives in Q1 2026:
During the quarter, Maxis advanced several key initiatives to drive customer value and operational efficiency:
- Infrastructure Partnerships: Appointed as the Single Preferred Infrastructure Provider and Telecommunications Partner for the East Coast Rail Link (ECRL) project for 10 years.
- Digital Transformation: Migrated mission-critical workloads to the AWS Malaysia Region and deployed an AI-powered network firewall to enhance defence against digital fraud and scams.
- Retail Innovation: Unveiled a new retail concept at Maxis Centre 1 Utama, modernising the customer experience across mobile, home, and business.
- Product Evolution: Introduced new Maxis Family Plans featuring faster home internet and greater value.
