Latest news with #MaxisBhd
The Star
02-07-2025
- Business
- The Star
MAXIS POWERS UP HOME SOLAR
MALAYSIA, a land blessed with year-round sunshine and a tapestry of rooftops, possesses an often underutilised natural resource – solar energy. While the nation drives towards the National Energy Transition Roadmap (NETR) goals, to achieve 70% renewable energy installed capacity by 2050, a critical piece of the puzzle – accessible home solar energy – has lagged. This is precisely the gap that integrated telecommunications provider Maxis Bhd aims to fill with its innovative Maxis Home Solar package, launched in 2024, and expanded across Peninsular Malaysia earlier this year. 'The reason why solar energy adoption is not moving forward as fast is that people are still unsure. 'They would ask: 'Do I have to invest thousands of ringgit?' or 'Am I going to get the value for that money?'', said Maxis Green Solutions director and Maxis chief people and transformation officer Patrick Er. 'We feel that there is still a way to give worry-free experiences for Malaysians. 'Not everybody is comfortable with making such big upfront investments,' he added, highlighting the intention of Maxis Home Solar – to de-risk solar adoption and empower more households to embrace cleaner energy alternatives. A household name connecting millions daily, through its mobile and fibre solutions for consumers, homes and businesses, the company realised its expertise and experience in customer service and reliability could be a game-changer in unlocking home solar market potential. 'Our roofs could be doing more. We need to think of them as prime real estate for solar energy,' said Er. — RAJA FAISAL HISHAN/The Star Maxis Home Solar The move to solar is a natural extension of Maxis' converged home solutions ecosystem. As part of its broader push into home solutions across fibre broadband and a wide range of devices, solar is the 'next piece' in the mission to improve lifestyle experiences through technology. Er said that Maxis Home Solar is built on a 10-year subscription model, with a low RM1,000 upfront payment, to address consumer apprehension about solar energy. 'Customers can opt for a fixed rate, which most prefer because there is less uncertainty, or a consumption-based rate based on the amount of energy produced.' The fixed-rate options provide unparalleled peace of mind, locking in rates for a decade (even if tariff rates increase), after which the solar assets are fully transferred to the homeowner. To ensure quality and reliability, Maxis exclusively utilises Tier 1 solar panels and inverters and provides insurance coverage for the system. But the difference that Maxis offers extends far beyond just hardware, as Er explained that the company's comprehensive support sets Maxis Home Solar apart from fragmented market offerings. 'We ensure that what we install will be around for a very long time, and we are happy to choose only the best products for our customers. 'On top of that, we will also monitor the system for you. If maintenance or repairs are required, we will conduct them as needed and even handle warranty claims where necessary. 'So, over the subscription period, you do not have to worry about anything,' said Er. Sustainable energy consumption Leveraging its deep expertise in network operations, Maxis extends this capability with its remote energy monitoring system, enabling the company to proactively identify and rectify any performance issues. 'At one point, we found that about 15% of installations were not optimal, where certain panels were not producing the desired amount of energy. When we saw this, we were able to quickly address it. 'We have already learnt a lot since launching this service. If we were to just install the systems and 'walk away', we would not know if your house had not been generating power optimally,' said Er. He explained that this vigilance allows Maxis to identify issues impacting panel performance, ensuring reliable and consistent performance in customers' solar energy systems. Looking ahead Moving forward, Maxis sees significant potential beyond residential homes, with interest from commercial and industrial sectors, and a keen eye on East Malaysia, should a scheme such as Net Energy Metering (NEM) be made available there. Er believes that reaching the NETR goal necessitates 70%-80% of landed homes adopting solar, making the case for home rooftops as a viable alternative to vast solar farms. 'If you look at the last 10-15 years, solar adoption is less than 5% of households nationwide, and I do not think that we would want to wait another decade or more for minimal growth,' said Er. 'Our roofs could be doing more. We need to think of them as prime real estate for solar energy.' When asked about the future of the NEM scheme, Er states that the hope is for the scheme to continue to thrive and evolve, potentially increasing the adoption rate of solar energy among more households. 'The government has done an excellent job in supporting solar adoption, and I believe that withcontinued commitment, we can push this even further. In the long term, it's a win-win for everybody,' he said. 'I am confident that we are one of the few companies that can make this ambition come to pass.' For those hesitant about making the switch to solar, Er opines that there is 'no downside' to adopting renewable energy solutions. 'With Maxis Home Solar, there is low risk. Coupled with the low barrier of entry, it could create almost instant savings. And, at the very least, you will be doing your part to protect the environment,' said Er. In all, Maxis Home Solar is not just about providing clean energy but also simplifying complex technology and driving Malaysia towards a sustainable, connected future, one rooftop at a time. For more information, visit
Malaysian Reserve
19-05-2025
- Business
- Malaysian Reserve
Maxis downgraded to Neutral, with an unchanged target price of RM3.90
Maxis Bhd posted a 5.1% year-over-year increase in 1QFY25 net profit to RM371m on the back of lower depreciation and net interest costs. The results came in within our and consensus expectations, accounting for 25.4% and 25% of full-year estimates, respectively. Revenue came in flat as the increase in fibre, postpaid and device revenue was offset by lower contribution from the prepaid segment. We expect earnings to remain resilient in FY25F, supported by a steady domestic demand for affordable postpaid mobile services as well as fibre connectivity to homes. However, given the limited upside potential to our target price of RM3.90, we downgrade our rating from Trading Buy to Neutral. A first interim dividend per share of 4.0 sen was declared (1QFY24: 4.0 sen per share). – Public Investment Bank Bhd (May 19, 2025) (Calls by analysts tracked by Bloomberg: 9 Buy, 13 Hold, 2 Sell; Consensus target price: RM3.99)
New Straits Times
16-05-2025
- Business
- New Straits Times
Maxis' net profit up 5.1pct to RM371mil, revenue rises to RM2.61bil in Q1
KUALA LUMPUR: Telecommunications company Maxis Bhd reported a 5.1 per cent increase in net profit to RM371 million for the first quarter ended March 31 2025. This was mainly due to lower net finance costs compared to RM353 million in the same quarter last year, Maxis said today. Its revenue inched up 0.2 per cent to RM2.61 billion from RM2.6 billion previously, supported by higher device sales driven by increased volume. However, the company's service revenue dipped 0.9 per cent to RM2.17 billion, impacted by a revised commercial structure for the SafeDevice programme and lower regulated interconnect rates. The company also announced an interim dividend of four sen per share for the quarter. Maxis said it remains committed to boosting customer value by driving service innovation and maintaining a highly reliable network. "We are committed to optimising operational efficiencies to ensure sustainable long-term growth," it added. Maxis has identified five key focus areas for 2025. This includes bundling and cross-selling to strengthen its consumer base, and growing its enterprise business while remaining aligned with its core offerings. The company will also prioritise infrastructure and wholesale development, digitalisation and artificial intelligence (AI) adoption, as well as operational excellence. Maxis chief executive officer Goh Seow Eng said the company expects to see a rebound in service revenue with low single-digit growth, along with flat to modest growth in earnings before interest, taxes, depreciation and amortisation by the end of the year. This is backed by disciplined capital spending of under RM1 billion, strategically directed toward key areas that support long-term growth and improved customer value. "We are actively building greater resilience in a dynamic market by strengthening our core operations and driving digital transformation," Goh added.
The Star
16-05-2025
- Business
- The Star
Maxis posts higher net profit of RM371mil, declares 4c div/share
KUALA LUMPUR: Maxis Bhd is anticipating its service revenue to return to low single-digit growth as well as flat to low single-digit earnings before interest, tax, depreciation and amortisation (Ebitda) by the year-end. To achieve this, the telco said it will keep to a disciplined capital expenditure under RM1bil, "strategically invested in key areas for long-term growth and enhanced customer value". This was in line with the company's efforts to build greater resilience via strengthening core operaitons and driving digital transformation, said Maxis CEO Goh Seow Eng in a press statement. On Friday, the telco reported its first-quarter result for 2025, registering a net profit of RM371mil as compared to RM353mil in the year-ago quarter on lower depreciation and net finance costs. Revenue was marginally higher at RM2.61bil from RM2.6bil in 1QFY24, while earnings per share share rose to 4.7 sen from 4.5 sen in the comparative quarter. A first interim dividend of four sen per share was declared for the quarter, with entitlement date set on June 3, 2025, and payable on June 20, 2025. During the quarter, Maxis said service revenuue was 0.9% lower year-on-year (y-o-y) at RM2.17bil due mainly to changes in commercial arrangement related to the telco's device protection programme. The consumer mobile segment's service revenue was down 2.6% to RM1.52bil in accordance to the commercial arrangements, in addition to seasonal fluctuations and lower internconnect rates. However, the consumer mobile segment grew its subscriber base by 3.7% to 9.77 million. In the consumer home segment, Maxis's revenue expanded 4.1% to RM254mil while home subscribers grew 2.9% to 787,000, amid the adoption of fibre broadband and customised offerings through bundled and value-added services. According to Maxis, the recent launch of its solar installation prgoramme, Maxis Home Solar, also strengthened its converged home proposition as it expanded access to renewable energy to households in Peninsular Malaysia. For the enterprise segment, Maxis recorded a 2.8% increase in service revenue y-o-y to RM398mil on higher mobile subscriptions and deliveries of fixed and solution services. Maxis said it maintained an operating free cash flow of RM883mil, with a strong cash balance of RM1.23bil as at 1Q25, supported by effective working capital management.
