KUALA LUMPUR (May 23): TIME dotCom Bhd (KL:TIMECOM) posted a marginal 2.1% increase in net profit to RM112.99 million for the first quarter ended March 31, 2025 (1QFY2025) from RM110.67 million a year earlier, on sustained demand for its data and connectivity services, particularly from the retail segment.

Earnings per share stood at 6.11 sen in 1QFY2025, up from 5.99 sen in 1QFY2024, its bourse filing on Friday showed.

Quarterly revenue also rose 2.6% to RM428.59 million from RM417.77 million a year earlier, driven primarily by a 6.1% rise in data services to RM378.34 million, which offset a 22.2% drop in cloud and other services revenue.

No dividend was declared for 1QFY2025.

TIME dotCom reiterated its focus on long-term growth, highlighting continued investments in expanding its network and scaling renewable energy initiatives.

“We’re cautiously optimistic as we navigate 2025. While the industry continues to evolve, we remain focused on what matters most — delivering reliable services, enhancing the customer experience and strengthening our core capabilities,” said TIME dotCom commander-in-chief Afzal Abdul Rahim.

Looking ahead, the group said it will continue to pursue operational efficiencies and remain agile in navigating an ever-changing domestic and global landscape, proactively managing emerging risks and opportunities.

Shares in TIME dotCom closed down nine sen or 1.71% to RM5.18 on Friday, giving it a market capitalisation of RM9.58 billion. The stock has risen over 9% year to date.