Axiata Group Berhad has unveiled a remarkable profit after tax and minority interest (PATAMI) of MYR 430.7 million for the first half of 2025, more than doubling from last year. This impressive growth showcases the company’s disciplined approach to cost management, bolstered cash flow, and significant debt reductions, alongside gains from its ambitious 5*5 strategy.
The board has announced a first interim dividend of 5.0 sen per ordinary share, reflecting Axiata’s dedication to shareholder returns. Operating free cash flow (FCF), after leases, surged over 90% year-on-year to MYR 868.7 million, with the company’s cash reserves standing at a healthy MYR 4.9 billion. While revenue experienced a slight decline of 0.9% year-on-year on a constant currency basis, earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 2.3%. The underlying PATAMI rose by 39% to MYR 203.7 million, driven by stronger earnings before interest and taxes (EBIT) and reduced finance costs.
Chairman Tan Sri Shahril Ridza Ridzuan attributed the robust performance to Axiata’s strategic clarity and disciplined execution, expressing optimism about progress in key markets and asset portfolios. He noted that the MYR 1 billion in dividends received year-to-date reflects the company’s strong financial footing and commitment to rewarding shareholders.
Group CEO and Managing Director Vivek Sood also emphasized the positive outcomes of the company’s realignment strategies, stating, “Axiata’s performance reflects the strength of our strategic realignment and disciplined execution, with a focus on operational excellence and a fortified balance sheet.” He underscored the significance of the XLSMART merger and the exit from Myanmar as crucial elements of the 5*5 strategy, aimed at minimizing structural risks and enhancing financial flexibility.
As Axiata looks ahead, Sood highlighted that improvements in cash flow and shareholder yield will be prioritized in the latter half of 2025. “Our key priorities will include driving operational performance and executing strategic portfolio adjustments to ensure optimal capital allocation,” he affirmed, emphasizing the goal of enhancing dividend yields.
What were Axiata’s PATAMI figures for the first half of 2025?
Axiata reported a profit after tax and minority interest (PATAMI) of MYR 430.7 million, which more than doubled compared to the previous year.
How has Axiata’s financial performance affected its dividends?
The board declared a first interim dividend of 5.0 sen per ordinary share, showcasing the company’s ongoing commitment to delivering shareholder returns as part of its strong financial performance.
What strategies has Axiata implemented for future growth?
Axiata’s future growth strategies include prioritizing cash flow improvement, executing necessary portfolio moves, and enhancing operational performance to optimize capital allocation and boost dividend yields.
