Celcomdigi (CDB) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue was RM3,137m, up 1.3% Q-Q and 0.4% Y-Y, with cumulative nine-month revenue at RM9,513m, up 1.2% from the prior year.

• Profit after tax for Q3 2025 was RM350m, down 20.5% Y-Y, with adjusted PAT at RM409m, up 6.8% Q-Q and 7.0% Y-Y.

• Service revenue grew 1.5% Y-Y to RM2,728m, driven by strong postpaid and Home & Fibre segments.

• Integration and synergy initiatives are nearing completion, supporting cost savings and improved customer experience.

• Third interim dividend of 3.6 sen per share declared, reflecting commitment to shareholder returns.

Financial highlights

• Adjusted EBIT was RM732m, up 0.5% Q-Q and 5.1% Y-Y; reported EBIT was RM648m, down 16% Y-Y.

• EBITDA for Q3 2025 was RM1,340m, down 11.2% Y-Y; EBITDA margin was 42.9%.

• OPEX decreased 1.1% Q-Q but increased 8.3% Y-Y; total costs rose 10.4% Y-Y due to higher traffic and credit loss provisions.

• CAPEX for the quarter was RM343m, with an 11.0% CAPEX intensity.

• Basic EPS for Q3 2025 was 2.91 sen, compared to 3.72 sen in Q3 2024.

Outlook and guidance

• On track to achieve 2025 guidance, with service revenue and EBIT expected to see low to mid single-digit growth.

• CAPEX intensity projected between 14% and 16%.

• Dividend payout policy maintained at a minimum of 80% of net earnings, subject to free cash flow and reserves.

• Strategic investments in IT integration and transformation to drive future earnings and growth.