Axiata Group Bhd ( (AXXTF) ) has released its Q2 earnings. Here is a breakdown of the information Axiata Group Bhd presented to its investors.
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Axiata Group Berhad is a leading telecommunications company based in Malaysia, operating in the digital telco and infrastructure sectors, with a focus on providing mobile and broadband services across Asia.
In its latest earnings report for the second quarter ending June 30, 2025, Axiata Group Berhad reported a mixed financial performance. The company experienced a decline in revenue from continuing operations, totaling RM5.86 billion compared to RM6.51 billion in the same period last year. However, the group achieved a total profit of RM512.39 million for the financial period, driven by gains from discontinued operations.
Key financial metrics revealed that Axiata faced challenges in its continuing operations, with a loss of RM34.57 million for the quarter, attributed to increased depreciation and foreign exchange losses. Despite these challenges, the company benefited from a significant gain of RM505.2 million from the disposal of its subsidiary, XL Group, classified under discontinued operations. Additionally, Axiata’s equity position improved slightly, with total equity attributable to owners rising to RM21.46 billion.
Looking ahead, Axiata Group Berhad remains focused on strategic initiatives, including its recent merger of PT XL Axiata Tbk and PT Smartfren Telecom Tbk, which positions the company for potential growth in the Indonesian market. The management remains cautiously optimistic about navigating the competitive landscape and leveraging its digital and infrastructure capabilities.
Overall, Axiata’s financial results reflect a period of transition, with strategic disposals and mergers shaping its future direction. Investors will be keen to see how the company capitalizes on these changes to enhance shareholder value.