Maxis reported impressive third-quarter results with Service Revenue rising 3.2% year-on-year (YoY) to RM2,213 million, earnings before interest, tax, depreciation and amortisation (EBITDA) strengthened by 12.8% YoY to RM1,048 million, whilst reported Profit After Tax (PAT) grew by 27.5% to RM366 million. Excluding a one-off adjustment related to cost optimisation in the previous year's corresponding quarter, underlying PAT grew by 6.4% YoY.

The group attributed the improved underlying profitability to being driven by both higher service revenue as well as prudent cost management. The Company declared an interim dividend of 4 sen per share.

Maxis' Consumer Business recorded a 2.9% increase in service revenue YoY, with growth across its Mobile and Home Connectivity segments. Consumer Mobile, including postpaid and prepaid, recorded 2.1% revenue growth

The Enterprise Business continued its growth momentum, delivering a 4.2% YoY increase in service revenue as the private and public sectors continue to digitalise.

Goh Seow Eng, Chief Executive Officer of Maxis said, "We are on course for a strong close to the year. Our focus to provide the best connectivity experience, enabled by network excellence and disciplined execution in each segment remains unchanged. This is in line with our steadfast commitment to address customer needs through first-rate products and services."

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Q3 2024 financial highlights: Q3 2024 vs Q3 2023
 Service Revenue increased by 3.2% to RM2,213 million, driven by Consumer and
Enterprise business growth.
o Consumer Mobile revenue grew by 2.1% in tandem with steady subscriber
growth of 3.8%, bringing total postpaid and prepaid subscribers to 9.56
million. The focus on segmentation and enhanced value propositions,
including offering faster speeds and upgraded internet quotas, drove growth.
o Consumer Home Connectivity service revenue rose by 8.7% to RM251
million. Home connections reached 782,000 driven by continued expansion in
fibre broadband customers.
o Enterprise service revenue grew by 4.2% to RM396 million from a segment-
focused strategy to meet growing demand for connectivity and connectivity-
plus solutions.

 EBITDA strengthened by 12.8% to RM1,048 million.
 PAT grew by 27.5% to RM366 million. Excluding a one-off adjustment related to cost
optimisation in the previous year's corresponding quarter, underlying PAT grew by
6.4% YoY. The improved underlying profitability was driven by both higher service
revenue as well as prudent cost management.
 Capex of RM140 million invested strategically during the quarter to future-proof
targeted areas, including strengthening our transmission backbone, expanding fibre
footprint and digitalising processes.
 Operating free cash flow declined to RM753 million due to higher tax payment, with
a healthy cash balance of RM827 million.