Celcomdigi (CDB) Q4 2025 earnings summary

Executive summary

• Service revenue and total revenue grew, with FY2025 revenue at RM12.96 billion, up 2.2% year-over-year, and Q4 2025 revenue at RM3,445m, up 10.2% quarter-over-quarter and 5.2% year-over-year, driven by device bundle sales and growth in Postpaid and Home & Fibre segments.

• Profit after tax for FY2025 rose 10.1% to RM1.53 billion, supported by lower depreciation, amortisation, and impairment costs.

• Integration and synergy program is nearing completion, delivering on 2025 guidance and driving operational excellence.

• Total subscribers reached 20.59 million, with Postpaid and Home & Fibre segments showing strong growth.

• Declared a final dividend of 3.6 sen per share, maintaining a commitment to return at least 80% of net earnings to shareholders.

Financial highlights

• EBIT for FY2025 was RM2.7b (normalised RM2.8b), up 1.4% year-over-year; PAT at RM1.5b, up 10.1% year-over-year.

• EBITDA for FY2025 was RM5.48 billion, down 5.6% year-over-year; EBITDA margin declined to 42.3%.

• CAPEX for FY2025 was RM1.6b, down 33.6% year-over-year, with CAPEX intensity at 12.1%.

• Free cash flow for Q4 2025 was RM473m; year-end cash and cash equivalents stood at RM773.9 million.

• Basic EPS for FY2025 was 12.90 sen, up from 11.74 sen in FY2024.

Outlook and guidance

• FY2026 guidance targets low single-digit growth in service revenue and EBIT, with CAPEX intensity between 12% and 13%.

• Strategy focuses on market leadership, customer experience, operational excellence, and future-proofing with AI, data, and 5G innovation.

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