Axiata Group sharply narrowed its net loss in the final quarter of 2025 despite revenue remaining flat, aided by forex gains, and lower finance costs and taxes.
The operator’s net loss in Q4 dropped to MYR38.7 million ($10 million) from MYR224.77 million a year earlier. It booked a MYR179.4 million forex gain in the quarter, compared with a loss of MYR489.3 million in Q4 2024.
Sales in the quarter were steady year-on-year at MYR3 billion.
For the full year, net profit tumbled 61.5 per cent to MYR364.6 million, with sales down 6.2 per cent to MYR11.8 billion.
The company said it strengthened its balance sheet in 2025, with the net debt to EBITDA ratio improving to 2.46 times from 2.74 times in 2024, supported by “continued deleveraging and disciplined capital allocation”.
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In is earning release, CEO and MD Vivek Sood last year marked the completion of a key phase in the group’s transformation with the conclusion of its Axiata 5*5 Strategy.
He added with key market consolidations completed and integration progressing well, “our operating companies are now positioned to deliver strong cashflows in a more
rational market structure”.
Outside of its home market, XLSmart in Indonesia saw revenue increase 23.5 per cent to IDR42.5 trillion ($2.5 billion), with EBITDA flat at IDR17.9 trillion.
Its tower unit edotco posted a 6 per cent decline in revenue to MYR2.4 billion, while EBIDTA slipped 1.6 per cent to MYR1.8 billion.
Earlier in the month, the company promoted CFO Nik Rizal to replace Sood effective 1 June.
