KUALA LUMPUR: Axiata Group Bhd
slipped into the red with a net loss of RM27.35 million in the third quarter ended Sept 30, 2025 (3Q FY2025) from a net profit of RM976.67 million in the same period last year, as revenue was weighed down by unfavourable foreign currency translation.
In a filing with Bursa Malaysia today, the telecommunications company (telco) said its revenue fell to RM2.92 billion from RM3.06 billion previously, mainly due to unfavourable foreign currency translation impact as a result of operating companies’ (OpCos) currencies depreciating against the ringgit.
“At constant currency, revenue increased 3.2 per cent, contributed by all OpCos, except for the infrastructure operation of Linknet,” it said.
Axiata said its earnings before interest, taxes, depreciation, and amortisation (EBITDA) decreased 3.6 per cent to RM1.36 billion in 3Q FY2025. At constant currency, its EBITDA increased 5.1 per cent, mainly flow through from revenue growth.
“EBIT decreased 26.8 per cent (at constant currency, at 15.5 per cent) to RM343.4 million, mainly impacted by impairment of goodwill of infrastructure operations (Linknet) in Q3 FY2025,” it said.
For the cumulative nine-month period ended Sept 30, 2025, the telco saw its net profit shrink to RM403.3 million from RM1.17 billion previously, and revenue declined to RM8.78 billion from RM9.57 billion previously.
In a separate statement, Axiata said it had strengthened its financial position by disciplined debt reduction and improved cashflows during the quarter by reducing the holding company debt by 8.9 per cent quarter-on-quarter to RM7.2 billion.
It was achieved via proactive liability management with the partial redemption of the Euro Medium Term Notes, it said.
Group chief executive officer and managing director Vivek Sood said Axiata has delivered a resilient third quarter in 2025, and its disciplined balance sheet optimisation has reduced net debt/EBITDA to 2.6 times.
“This has reinforced our financial resilience and positioned us well to achieve our 2026 targets,” he said.
He added that Axiata’s operational strength has resulted in the group, at the holding company level, receiving RM1.2 billion in dividends from its operating companies.
“As we move forward, we remain focused on unlocking value, accelerating growth and delivering sustainable performance for all our stakeholders,” he said. – Bernama
