Axiata Group Berhad (AXIATA) Q4 2025 earnings summary

Executive summary

• FY2025 profit was MYR 365 million with strong cash flow generation of MYR 1.6 billion and a full-year dividend of 10 sen per share, maintaining prior guidance.

• Underlying performance was strong across digital telcos and businesses, though reported results were impacted by a 7%-13% ringgit appreciation against operating currencies.

• Significant debt reduction and ongoing monetization of infrastructure businesses, with net debt/EBITDA improved to 2.46x.

• Major mergers and market consolidations completed in Indonesia, Sri Lanka, and Malaysia.

• Discontinued operations included a net gain on disposal of XL Group and a net loss on disposal of EIS Group.

Financial highlights

• FY2025 group revenue was MYR 11.8 billion, down 6.3% year-on-year due to forex, but up 2.2% on constant currency.

• EBITDA at MYR 5.46 billion, down 4% year-on-year (up 5.7% constant currency); EBIT at MYR 1.57 billion, down 19.1% year-on-year, but normalized EBIT growth was 20.2%.

• PATAMI reported at MYR 365 million; normalized for impairments, PATAMI would be MYR 762 million.

• Underlying PATAMI at MYR 537 million, up 36.3% year-on-year.

• Group borrowings reduced by 35.1% year-on-year to just over MYR 15 billion.

Outlook and guidance

• 2026 focus on telecom and technology portfolios, aiming for profitability, valuation growth, and sustainable external funding.

• Monetization of infrastructure assets targeted for completion in 2026, with guidance to be updated post-monetization.

• Continued emphasis on market leadership in 5G, operational excellence, and portfolio optimization.

• EBIT growth of 20.2% at constant currency exceeded headline KPI.