Revenue grew 3.5% to RM10.54 billion from RM10.18 billion previously.
“The growth was driven by a 3.5% increase in service revenue to reach a record RM8.87 billion as well as a notable 3.7% rise in device revenue to RM1.67 billion,” the telecommunications company said in a filing with Bursa Malaysia today.
“The consumer business service revenue growth reflects Maxis’s successful strategies in enhancing customer engagement and expanding its service offerings across mobile and home connectivity segments.
“The device revenue growth indicates strong demand for devices, supported by promotional activities and seasonal sales,” it said.
Meanwhile, Maxis said, the enterprise business revenue also saw a robust growth of 6.8% largely due to the introduction of 2G and 4G wholesale services and an increase in enterprise mobile subscriptions.
In a press statement, CEO Goh Seow Eng said the group has continued to achieve positive results by focussing on what matters most, delivering value to customers.
“Our sound strategy, combined with disciplined execution, emphasises customer service, network reliability, and operational efficiency, enabling us to expand our offerings and enhance the customer experience across every market segment,” he said.
Maxis said improved revenue and disciplined cost management resulted in a 4.1% year-on-year (y-o-y) increase in earnings before interest, tax, depreciation and amortisation (Ebitda) to RM4.12 billion.
For the fourth quarter (Q4) ended Dec 31, 2024, net profit soared to RM321 million from RM56 million a year earlier.
This was largely due to the non-cash adjustments from a reduction in useful lives of certain assets and assets written off in Q4 FY2023.
Revenue rose 1.1% to RM2.77 billion from RM2.74 billion previously, mainly driven by a 2.1% rise in service revenue to RM2.25 billion.
The group declared a fourth interim dividend of four sen per share and a one-time dividend of one sen per share.
“The one-time dividend is in consideration of the company’s strong performance for the year, bringing the full-year dividend to 17 sen per share,” it said.
For comparison, Maxis paid a total dividend of 16 sen per share for FY2023, including a four sen dividend for Q4.