KUALA LUMPUR, May 18 – Maxis has reported a robust first quarter, showcasing significant growth across its core business segments. For the quarter ending 31 March 2024, Maxis achieved a 10.3% year-on-year (YoY) increase in Profit After Tax (PAT) to RM353 million and a 3.7% YoY rise in Service Revenue to RM2,191 million. This performance is attributed to the company’s integrated telco strategy, driving growth in both its Consumer and Enterprise businesses. Maxis’ EBITDA grew by 7.4% YoY to RM1,044 million, reflecting improved margins and strong revenue growth.
The company’s Consumer business saw a 3.3% rise, fueled by a 5.4% increase in postpaid revenue and a 9.9% uptick in home connectivity. The Enterprise segment posted a 6.0% revenue growth, bolstered by robust fixed connectivity and enterprise solutions. As digital adoption surges, Maxis remains poised to meet the rising demand for advanced connectivity solutions, including IoT, cloud services, generative AI, and managed network services. An interim dividend of 4 sen per share has been declared for the quarter.
