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Axiata Q2 Net Profit Doubles on Forex Gains Despite 10% Drop in Revenue

Kuala Lumpur, August 28, 2025 — Axiata Group Bhd delivered a remarkable rebound in profitability for the second quarter ended June 30, 2025, with net profit surging to RM270.82 million, more than double the RM134.9 million reported a year earlier, thanks largely to foreign exchange gains and reduced finance costs.

Despite this strong bottom-line performance, the group’s revenue contracted by 10% to RM2.97 billion, down from RM3.32 billion in Q2 2024. Axiata attributed the decline to adverse currency translation, as operating subsidiaries’ local currencies depreciated against the ringgit. On a constant currency basis, revenue was relatively stable, dipping only 0.6%, with muted contributions from digital telco operations in Bangladesh and infrastructure segments including Link Net and Edotco.

For the first half of 2025, Axiata’s net profit similarly more than doubled, reaching RM430.66 million, compared with RM194.93 million a year prior. Meanwhile, cumulative revenue slipped to RM5.86 billion, down from RM6.51 billion in the same period last year. In response to these results, the group declared an interim dividend of five sen per share, with the payment date to be announced.

Axiata’s performance underscores the company’s resilience in a challenging external environment, where forex movements and cost efficiencies were key contributors to earnings. Stakeholders will be watching closely for how the group navigates operational headwinds while sustaining its digital and infrastructure growth roadmap.

Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.

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