Axiata Group booked a loss in Q3 with revenue declining year-on-year due to its operating companies’ currencies depreciating against the ringgit, though it highlighted a strengthening financial position.
The group booked a net loss of MYR27.4 million ($6.6 million) compared with a profit of MYR976.7 million in Q3 2024.
Revenue fell 4.6 per cent to MYR2.9 billion.
Forex losses totalled MYR264.2 million.
Group CEO and MD Vivek Sood focused on the positives, noting in a statement its “disciplined balance sheet optimisation” reduced net debt versus EBITDA to 2.6-times.
It forecasts high single-digit EBIT growth for the full year.
The company did not reveal numbers for CelcomDigi in Malaysia or recently merged XLSmart in Indonesia, but stated its jointly controlled entities contributed MYR606 million to its bottom-line in the first nine months of 2025.
Sood noted XLSmart’s merger synergies are ahead of schedule and it is “witnessing early signs of market repair”.
CelcomDigi’s profitability improved in line with operational efficiencies and it is on track to achieve savings of MYR700 to MYR800 million from 2028, the operator stated.
Revenue at its Bangladesh unit Robi and Smart in Cambodia were flat during Q3 at BDT25.5 billion ($208.8 million) and $106 million, respectively.
Tower unit edotco’s revenue fell 3.1 per cent to MYR580.1 million and infrastructure arm Linknet’s 21.2 per cent to MYR211.3 million.
Sales at its digital marketing and analytics company ADA were flat at MYR238 million and fintech business Boost recorded a 50.5 per cent increase to MYR53.3 million.
