KUALA LUMPUR (Aug 14): Mobile network operator Maxis Bhd (KL:MAXIS) said its net profit rose 9.6% year-on-year in the second quarter ended June 30, 2026 (2QFY2026), while revenue grew 3.7%.

Net profit for the quarter came in at RM436 million, compared with RM398 million a year earlier, according to an exchange filing on Friday. Maxis also declared an interim dividend of four sen per share.

Revenue rose to RM2.66 billion from RM2.56 billion, mainly supported by higher service revenue and device sales. Service revenue increased 2.2% to RM2.25 billion.

“The quarter’s performance demonstrates Maxis’ operating discipline, bolstered by deeper AI integration across its operations and network infrastructure,” said the group in a press statement. 

Earnings before interest, taxes, depreciation and amortisation (Ebitda) — a proxy for cash flow — rose 2.7% to RM1.12 billion, while earnings before interest and tax increased 4.2% to RM691 million.

For the first six months of FY2026 (1HFY2026), Maxis’ net profit increased 10.9% to RM853 million, while revenue grew 4.2% to RM5.39 billion.

The group said the growth in its consumer business was supported by higher postpaid revenue, while its enterprise business benefitted from higher project deliveries in its fixed and solutions portfolio.

“Our second-quarter results reflect our approach to the business, combining steady top-line performance with operating discipline to accelerate profit growth. We continue to drive margin expansion through focused execution across the business,” said Maxis chief executive officer Goh Seow Eng in the statement. 

Maxis spent RM171 million on capital expenditure in 2QFY2026, mainly on mobile network upgrades and fibre expansion. Operating free cash flow rose 8.9% year-on-year to RM991 million. 

Goh, who has been the CEO of Maxis since December 2022, was made an executive director just a day before the results announcement.

At noon break on Friday, shares of Maxis were down by one sen or 0.3% to RM3.67. At its last price, the group was valued at RM28.8 billion. Year to date, the counter has declined by 3.67%.