Total revenue rose to RM21.73 billion from RM19.99 billion in FY2021.
Consequently, the group’s Ebitda increased by 7.8% year-on-year to RM9.6 billion with growth across all operating companies, except mobile operations in Sri Lanka and Nepal.
For Q4 FY2022, the group posted a higher net profit of RM9.97 billion from RM116.02 million, contributed by an off-net gain on the Celcom-Digi merger, higher revenue foreign exchange gains and lower taxes, offset by higher depreciation and amortisation, and finance costs.
Revenue rose by 9.3% to RM5.83 billion from RM5.34 billion previously.
In FY2022, Axiata continued to drive cost excellence, achieving capital expenditure savings of RM1.07 billion.
“The group closed the year with a robust balance sheet as gross debt/ Ebitda decreased to 2.9 times compared to two previous quarters primarily impacted by higher debt to fund Link Net and ISOC Philippines’ tower acquisitions but normalised by the proceeds from the completed mergers and acquisitions.
“The cash balance remains healthy at RM7.5 billion,” Axiata said in a filing with Bursa Malaysia today.
Celcom’s revenue recognition for 11 months led revenue ex-device to shrink by 3.7% to RM5.7 billion (on an equalised basis, revenue ex-device grew by 5.7%). Its sustained cost management and absence of 3G accelerated depreciation however reflected positive Ebitda growth of 9.2%.
Revenue for Indonesia increased by 11.2% to RM8.63 billion mainly due to higher prepaid data revenue, growth in the digital advertising business and higher device sales.
Revenue for Bangladesh rose by 2.5% to RM4.05 billion, mainly driven by higher revenue from growth in prepaid business.
For Sri Lanka, revenue fell by 14.8% to RM2.52 billion, mainly due to the depreciation of the Sri Lankan rupee against the ringgit resulting from the current macroeconomic crisis in the country.
In a separate statement, Axiata chairman Shahril Ridza Ridzuan said that for 2023, the group continues to emphasise operational resilience and sound business fundamentals as it accelerates its pace toward achieving TechCo status.
“Following our net-zero emissions and science-based target commitments last year, Axiata has put in place the governance structures and resources to strengthen and oversee matters relating to sustainability within the group including areas of digital inclusion and climate action.
“Our continued improved MSCI ESG ratings and FTSE4Good Bursa Malaysia Index performance will be some of the outcomes of our efforts,” he said.
The group declared a second dividend of five sen a share, which took the overall dividend payout to 14 sen a share for FY2022, which is equivalent to RM1.33 billion or 13.4% payout ratio.
The share price closed 2 sen higher today at RM3.15, giving it a market capitalisation of RM28.91 billion.