Telekom Malaysia Bhd. · MYX:TM
Telekom Malaysia Bhd — Telekom Malaysian — FY 2025 Earnings Presentation
25 slides from Telekom Malaysia Bhd's earnings presentation, Feb 25, 2026
Slide 1: Analyst Briefing FY 2025 Results
ANALYST BRIEFING FY 2025 Results Amar Huzaimi Managing Director / Group Chief Executive Officer Ahmad Fairus Rahim Group Chief Financial Officer DATE: 25/2/2026
Slide 2: Table of Contents
> Latest Highlights > FY 2025 Performance TABLE OF Review CONTENTS > Customer Segments & Product Overview - Unifi (B2C) - TM One (B2B) - TM Global (C2C) > Cost, Investments & Other Financials > Conclusion > Appendices
Slide 3: Latest Highlights
Latest Highlights Product Updates, Awards & Recent Collaborations MyCity Expo 2025: Showcasing TM One’s TM Global wins Telecom Company of the Year Best Home Broadband Service Provider, Best technology capabilities supporting sustainable and Infrastructure Initiative of the Year in SME Connectivity P
Slide 4: FY 2025 Performance Review
ii UE uw 1S Wi i( ce .), Ww o Z \< = fe ,0 Le ra Wi a w) N =] N
Slide 5: FY 2025 Highlights
FY 2025 Highlights Revenue EBIT PATAMI RM11,872.0 mil RM2,025.6 mil RM1,713.0 mil 1.4% YoY 12.9% YoY 15.1% YoY 6.8% vs 4Q’24 57.9% vs 4Q’24 69.5% vs 4Q’24 8.9% QoQ 65.2% QoQ 67.6% QoQ CAPEX/Revenue % Fixed Broadband Subscriber 2nd Interim Dividend 16.1% 3.229 mil 14.5 sen per share 2.5pp YoY 1.6% Yo
Slide 6: FY 2025 Underlying Performance
FY 2025 Underlying Performance Strengthening topline and underlying profitability against 4Q 2024 REVENUE EBIT PATAMI RM million +72.8% +6.8% +16.9% -39.4% +8.9% -22.4% 599.0 3,050.4 3,256.7 696.6 2,991.9 (87.3) 76.8 540.6 462.4* 363.2 325.1 210.2* 140.7 619.8 686.3 222.5 215.5 4Q’24 3Q’25 4Q’25 4Q’
Slide 7: Customer Segments & Product Overview
CUSTOMER SEGMENTS & PRODUCT OVERVIEW
Slide 8: B2C: Continuous Subscriber Growth
| B2C: Continuous Subscriber Growth Subscribers continued to grow, driven by well-executed campaigns Revenue Trend 137 RM million 134 +2.8% 130 +5.6% Unifi ARPU1 127 126 1,454.6 1,415.7 1,495.3 +1.6% +0.7% Fixed Broadband 3,229 3,179 3,185 3,188 3,207 4Q’24 3Q’25 4Q’25 Subscribers Total (in ‘000) +0
Slide 9: B2B: Driving Digital Innovation for Enterprise and Government
| B2B: Driving digital innovation for Enterprise and Government Stronger QoQ growth momentum, contributed by new core business Revenue Trend RM million -2.7% +11.4% 781.9 760.5 Cloud Services for Healthcare 682.8 Comprehensive Managed Private Cloud for leading hospital group with scalable infrastruc
Slide 10: C2C: Sustained QoQ Growth Drives Strong Overall Performance
| C2C : Sustained QoQ Growth Drives Strong Overall Performance Accelerating growth by strengthening focus across all offerings Revenue Trend Domestic RM million +25.6% +14.2% 979.6 Advancing 4G and 5G Backhaul Infrastructure: Adopting next- 780.1 857.7 generation technologies to accelerate productiv
Slide 11: Revenue by Product
Revenue by Product Continued growth for data and others RM million VOICE INTERNET DATA OTHERS +5.8% +0.5% +19.1% -0.3% +30.1% +1.2% +9.7% +4.6% 1,125.4 1,117.5 1,131.0 1,061.2 589.2 967.3 557.0 476.9 475.3 891.1 452.8 454.3 4Q’24 3Q’25 4Q’25 4Q’24 3Q’25 4Q’25 4Q’24 3Q’25 4Q’25 4Q’24 3Q’25 4Q’25 -2.1
Slide 12: Cost, Investments & Other Financials
COST, INVESTMENTS & OTHER FINANCIALS
Slide 13: Lower Operational Costs
Total Cost/Revenue at 85.9% Lower operational costs Direct Cost, RM million Operational Costs, RM million % Total Cost to Revenue +14.6% -1.5% 3,184.5 1,916.5 1,887.2 2,778.3 97.7 +25.5% +5.9% +27.6% +10.5% 85.5 83.2 85.9 81.8 30.9 1,005.7 509.8 539.9 801.6 788.3 488.6 26.3 26.8 26.3 23.7 4Q’24 3Q’2
Slide 14: Group Capital Expenditure
Group Capital Expenditure CAPEX-to-Revenue within guidance with investment mainly from data centre expansion completion. CAPEX/Revenue (%) TM CAPEX Breakdown (RM million) 9.8% 1Q’25 124 20 136 280 19.6% 2Q’25 143 53 346 542 15.4% 3Q’25 142 89 229 460 +37.6% 19.5% 4Q’25 183 198 252 633 13.6% FY’24 65
Slide 15: Group Cash Flow & Financial Ratios
Group Cash Flow & Financial Ratios Balance sheet strength maintained, supporting financial resilience RM million FY 2025 FY 2024 Cash Flows from Operating Activities 3,518.9 4,010.6 Cash Flows used in Investing Activities (1,197.0) (1,002.2) Cash Flows used in Financing Activities (2,809.4) (2,708.5
Slide 16: 2025 TM Group ESG Achievements
2025 TM Group ESG Achievements UNGCMYB ESG NATIONAL CORPORATE SELECT LIST 2025 GOVERNANCE & SUSTAINABILITY 2024 2025 AWARDS (NACGSA) ranking 17 7 3 4 Recognised as a 3-Star Lister 3.6 3.8 by the UNGCMYB ESG Select List 2025, reflects our continued commitment to aligning our operations and innovation
Slide 17: Conclusion
za - Op ” a ual Oo z \°] Oo
Slide 18: 2025 Guidance Achieved
2025 Guidance Achieved Strong finish to 2025 with higher revenue growth momentum FY 2025 FY 2025 Guidance Low single digit Revenue Growth +1.4% increase EBIT RM2.026bil Similar level to 2024 *Underlying EBIT: RM2.470bil Capex/Revenue 16.1% 14%-16% 18
Slide 19: Key Takeaways & Prospects
Key Takeaways & Prospects FY2025 Key Highlights: ▪ 2025 Revenue at RM 11.87bil, maintaining positive trajectory. ▪ EBIT at RM 2,026mil (Underlying EBIT: RM 2,470mil) ▪ Fixed broadband subscribers grew 1.6% YOY to 3.23mil. ▪ 2nd Interim Dividend and Special Dividend totaling 18.5 sen per share or app
Slide 20: 2026 Guidance
2026 Guidance Market Guidance for 2026 FY 2026 FY 2025 Guidance Low single-digit Revenue Growth +1.4% increase EBIT RM2.026bil Similar level to 2025 *Underlying EBIT: RM2.470bil Capex/Revenue 16.1% 18%-20% 20
Slide 21: Question & Answers
QUESTION & ANSWERS
Slide 22: Appendices
APPENDICES 22
Slide 23: Cost % Revenue Comparison
Cost % Revenue comparison 4Q 2024 3Q 2025 4Q 2025 FY 2024 FY 2025 Revenue QoQ vs 4Q’24 YoY Comments FY 2025 v FY 2024 (RM mil) 3,050.4 2,991.9 3,256.7 11,712.4 11,872.0 Direct Costs % 26.3% 26.3% 30.9% 23.7% 26.8% • Higher direct cost primarily contributed by the shift in recognition of +14.6% +27.6
Slide 24: Statement of Financial Position
Statement of Financial Position As At As At RM million Var. (%) 31 Dec 2025 31 Dec 2024 Shareholders’ Funds 10,587.2 10,099.7 4.83% Non-controlling Interests 173.9 166.2 4.63% Deferred & Long-Term Liabilities 3,967.2 4,611.3 -13.97% Long Term Borrowings 1,550.9 2,109.9 -26.49% Lease Liabilities 1,36
Slide 25: Thank You
Corporate Finance & Investor Relations Level 12, TM Annexe 1 Jalan Pantai Jaya 59200 Kuala Lumpur Malaysia www.tm.com.my/investorrelations investor@tm.com.my THANK YOU 25