Q1 2026 Axiata Group Bhd Earnings Call Transcript
Key Points
- Axiata Group Bhd (XKLS:6888) has significantly reduced its holding company debt from MYR11.5 billion to around MYR7 billion, strengthening its financial position.
- The company has successfully executed mergers in key markets such as Sri Lanka and Indonesia, enhancing its market position.
- Axiata's underlying profit for Q1 2026 was strong at MYR438 million, with revenue growing by 8.5% and EBITDA by 25.9%.
- The company is rolling out 5G in most markets, with early monetization seen in Bangladesh and Cambodia.
- Axiata has optimized its portfolio by exiting challenging markets like Nepal and Myanmar, allowing for better allocation of resources.
- Axiata Group Bhd (XKLS:6888) experienced a 3.2% decline in revenue year-on-year due to the strengthening of the ringgit against other currencies.
- The company's operating cash flow was notably lower in Q1 2026 compared to the second half of the previous year.
- There are ongoing risks related to geopolitical tensions, particularly in the Middle East, which could impact the company's operations.
- The monetization of 5G investments remains uncertain, with challenges in markets like Bangladesh where spectrum is limited.
- The company faces complexities in the potential monetization of assets like EDOTCO, due to regulatory challenges across multiple countries.
Good morning, ladies and gentlemen. My name is Claire Chin, Head of Investor Relations at Axiata (inaudible) -- Berhad.
Apologies for the slight delay. But, nonetheless, thank you for standing by. Welcome to Axiata's first-quarter 2026 results briefing.
Today, we have, present, with us, Vivek Soot, Group CEO; Nik Rizal Kamil, Group CFO; as well as representatives from our operating companies.
There will be a short presentation, followed by a Q&A session.
Without further ado, I would like to hand over the floor or the mic to Vivek.
Thank you, Claire. Very good morning to all of you. Thanks for attending this Q1 results briefing call.
Let me start with a bit of a reflection over the last three years; the strategy, going ahead; and how we are positioned to ensure that we can deliver on the strategy, which we laid out -- and, actually, briefed most of you in
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