Maxis (MAXIS) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 4.7% year-over-year to RM2,731 million, driven by higher service and device sales.

• Service revenue reached RM2,242 million, up 3.3% YoY, with EBITDA at RM1,099 million, up 4.2% YoY, and profit after tax at RM417 million, up 12.4% YoY.

• Operational efficiencies contributed to improved earnings and net profit margins.

• Dividend payout maintained at 4 sen per share.

Financial highlights

• Service revenue: RM2,242 million, up 3.3% YoY, down 2.4% QoQ.

• EBITDA: RM1,099 million, up 4.2% YoY, up 1.9% QoQ; margin on service revenue at 49.0%.

• Profit after tax: RM417 million, up 12.4% YoY, up 9.7% QoQ.

• Operating free cash flow: RM983 million, up 49.2% YoY.

• Capex: RM142 million, down 72.2% QoQ, focused on network upgrades.

Outlook and guidance

• FY2026 guidance projects low single-digit growth for both service revenue and EBITDA, with capex intensity of 10–12%.

• Strategic focus on customer retention, enterprise expansion, network growth, digitalisation, and high-performance culture.