Maxis continues to deliver strong growth

Kuala Lumpur, 24 February 2022 -Maxis Bhd said today that it closed 2021 with a resilient Q4 performance on the back of healthy growth in service revenue and strong Operating Free Cash Flow (OFCF). 

Progressing well with its convergence strategy, performance was driven by its core mobile business as well as solid growth in fibre and wireless broadband. 

Backed by a stable normalised EBITDA, Maxis registered healthy Profit After Tax even as it continued to invest in the nation through its 4G mobile network, fibre coverage and enterprise solutions. 

The quarter was also marked by strong focus on Maxis’ working capital programme and prudent cash flow management, delivering double-digit growth in OFCF.

With a priority in providing the best customer experience, Maxis invested RM1.2 billion in capex for the year, with RM597 million in Q4 alone, the highest in a single quarter.

The investment was primarily to ensure high performance of its All-Ways Connected Network, future proofing for Enterprise solutions as well as its commitments for Jalinan Digital Negara (JENDELA) which included the delivery of 50k Fibre-to-Home in 2021.

Maxis and customer satisfaction

Maxis continued to focus on delivering an unmatched personalized experience, especially in an increasingly digital environment where customer data usage continued an upward trend averaging 24GB a month on a blended basis. The Company recorded a higher customer satisfaction level of +63 points for the quarter.

Maxis recognises the importance of dividends to its equity shareholders and that a prudent dividend preserves an optimal capital structure that protects our core business during this time of uncertainty.

The Company declared a fourth interim dividend of 4 sen per share, plus a special interim 1 sen per share, bringing the increased annual dividend to 17 sen per share.

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