TM starts 2026 with growth momentum; revenue up 2.9% underlying Patami grew 9.3% 

• Declares 6.5 sen dividend amid continued operational resilience and revenue growth
• Cloud, AI, cybersecurity and hyperscaler demand continue driving TM’s digital services growth

Telekom Malaysia (TM) has announced its financial results for the first quarter ended 31 March 2026 (1Q 2026), reporting revenue growth of 2.9% to US$690 million (RM2.9 billion) compared to the same period last year. This reflects a strong start to the year and sustained momentum across all business segments, particularly Business to Consumer (B2C) and Carrier to Carrier (C2C).

During the quarter, the Group recognised a one-off adjustment of US$30 million (RM127 million) related to the write-down of unutilised prepaid capacity under the current 5G access agreement, following an announcement made in February.

[RM1 = US$0.24]

Excluding this and other one-off items, underlying Profit After Tax and Non-Controlling Interests (PATAMI) grew 9.3% to RM436.3 million. TM also declared a dividend of 6.5 sen per share, representing 78% of reported PATAMI for the quarter.

1Q 2026 Group financial highlights (vs 1Q 2025):

• Operating revenue increased 2.9% to RM2.93 billion, driven by growth across all major business segments.
• Underlying Earnings Before Interest and Tax (EBIT) grew 6.3% to RM593.3 million, excluding one-off items. This reflects strong core operational performance and proactive move to unlock future efficiencies through a leaner cost structure.
• Underlying PATAMI increased 9.3% to RM436.3 million after adjusting for one-off items. This growth underscores the Group’s core profitability and supports its enhanced dividend commitment to shareholders.
• Dividend: TM reaffirmed its commitment to its new dividend policy, and declared dividend of 6.5 sen per share, representing 78% of reported PATAMI for 1Q 2026. 

Growth across business segments

• B2C (Unifi) revenue rose 5.1% to RM1.46 billion, driven by stronger convergence adoption and higher device sales from bundled offerings.
• B2B (TM One and Credence) revenue increased to RM671.5 million, driven by expansion in cloud and ICT solutions.
• C2C (TM Global) revenue grew 2.1% to RM776.6 million, supported by rising hyperscaler demand and domestic backhaul expansion.

TM Group CEO Amar Huzaimi Md Deris said the company entered 2026 with encouraging growth momentum supported by stronger quad-play offerings and continued growth across enterprise and digital services.

“This is further complemented by encouraging growth in our B2B and C2C digital offerings, including cloud, cybersecurity, smart services, AI and data centres. All of these contributed to a 9.3% increase in underlying PATAMI, reflecting our core operational resilience,” he added.

“This reaffirms that our PWR 2030 strategy is delivering the right value creation and sustainable returns for shareholders. As we celebrate our 80th anniversary, we remain committed to advancing our Digital Powerhouse aspirations by delivering digital solutions for enterprises, the government and hyperscalers, while supporting Malaysia’s digital transformation and strategically positioning the country as a regional digital hub,” Amar said.

TM said it maintains a measured outlook amid prevailing uncertainties and remains focused on delivering its FY2026 priorities.

Moving forward, the company will continue executing its strategic pillars with discipline to drive growth while ensuring Malaysia remains competitive in the global digital economy.