KUALA LUMPUR (Feb 12): Maxis Bhd (KL:MAXIS) posted an 18% growth in net profit in the final quarter of 2025 from a year earlier thanks to higher service revenue and cost control but flagged slower earnings growth in 2026.

Net profit at the country’s second-largest mobile network operator for the three months ended Dec 31, 2025 (4QFY2025) was RM380 million, or 4.8 sen per share. Revenue for the quarter rose 3.8% higher year-on-year to RM2.88 billion thanks to an increase in postpaid subscribers and wholesale services. 

“Looking ahead, our strategy is to strengthen our consumer segment and expand our enterprise offerings beyond connectivity, including the growth of our wholesale business,” said Maxis chief executive officer Goh Seow Eng in a separate statement.

A fourth interim dividend of four sen per share and another one-off 1.5 sen per share were also declared and payable on March 24.

Maxis expects a “low-single-digit” increase in earnings before interest, taxes, depreciation and amortisation in 2026 versus "mid-single-digit" growth guided for 2025. The company also guided for a “low-single-digit” rise in service revenue and plans to spend 10% to 12% of its revenue as capital expenditure this year. 

Service revenue, which excludes sales of devices, grew 0.5% to RM8.91 billion in 2025. Earnings before interest, tax, depreciation and amortisation rose 5% to RM4.33 billlion. Capital expenditure amounted to RM986 billion.

All in all, the company made a net profit of RM1.56 billion, an increase of nearly 12% from 2024, while revenue was up a little under 1% to RM10.64 billion. Dividends declared for 2025 totalled 17.5 sen per share, up from 17.0 sen per share a year earlier.

The company closed the year with close to 10 million mobile subscribers and another 799,000 subscribers for its fixed home service.