KUALA LUMPUR (March 25): Astro Malaysia Holdings Bhd’s (KL:ASTRO) net profit for the fourth quarter ended Jan 31, 2026 (4QFY2026) doubled year-on-year (y-o-y) but its full year earnings came in weaker than a year ago.

In 4QFY2026, Astro reported net profit of RM24.07 million, more than double the amount reported in 4QFY2025 of RM10.49 million. The improvement in net profit came on the back of lower net financing costs, thanks to favourable unrealised forex, and was offset by higher staff-related costs and broadband costs.

Revenue was slightly lower at RM712.88 million in 4QFY2026 compared to RM766.41 million in the previous year as the group saw lower subscription revenue and advertising revenue.

However, on a full year basis, net profit fell to RM63.13 million, which was about half of its net profit reported in FY2026 of RM129.15 million on account of higher staff-related costs, broadband costs and marketing and distribution expenses.

Revenue was also weaker at RM2.79 billion in FY2026 compared to RM3.08 billion reported a year ago as it was affected by a decrease in subscription revenue, advertising revenue, rental income and sales of programming rights.

Nevertheless, the content and entertainment company saw revenue growing 2% quarter-on-quarter (q-o-q) to RM713 million in 4QFY2026 from RM696 million in 3QFY2026. Revenue also grew by 2% q-o-q from RM683 million in 2QFY2026 to RM696 million in 3QFY2026. Astro attributed the uplift to improved advertising performance, continued broadband growth and contributions from its film business. 

No dividend was declared for the quarter under review.

Looking ahead, the group said it continues to reprioritise its resources based on business strategies, enhance cost discipline and invest selectively in content, digital capabilities and adjacent businesses.

“We are also seeing some positive signs in advertising across television, radio and digital whilst growing our digital footprint. Our streaming platform, Sooka, continues to gain traction supported by compelling sports, strong local content and strategic partnerships,” said group CEO Euan Smith in a press statement.

Astro’s shares were up 6.7% at 8 sen per share on Wednesday’s closing, giving the company a market capitalisation of RM418.1 million.