Telekom Malaysia Bhd. · MYX:TM
Telekom Malaysia Bhd — Telekom Malaysian — Q1 2026 Earnings Presentation
13 slides from Telekom Malaysia Bhd's earnings presentation, May 21, 2026
Slide 1: 1Q 2026 Results Analyst Briefing
ANALYST BRIEFING 1Q 2026 Results Amar Huzaimi Md Deris Managing Director / Group Chief Executive Officer Ahmad Fairus Rahim Group Chief Financial Officer 21 May 2026
Slide 2: Table of Contents
> Financial Highlights > Customer Segments & TABLE OF Product Overview CONTENTS - Unifi (B2C) - TM One (B2B) - TM Global (C2C) > Revenue Breakdown, Cost, Investments & Other Financials > Financial Framework > Key Takeaways
Slide 3: 1Q 2026 Financial Highlights
1Q 2026 Financial Highlights REVENUE EBIT PATAMI RM2,934.7 mil RM430.6 mil RM321.5 mil ▲ 2.9% YoY ▼ 9.9% QoQ ▼ 21.8% YoY ▲ 99.8% QoQ ▼ 19.9% YoY ▲ 44.5% QoQ CAPEX / revenue Fixed broadband subscriber 1st Interim Dividend 7.2% 3.23 mil 6.5 sen/share ▼ 2.6 pp YoY ▼ 12.3 pp QoQ ▲ 1.4% YoY ▲ 0.02% QoQ D
Slide 4: Underlying Profitability remains healthy
Underlying Profitability remains healthy Underlying EBIT grew 6.3% YoY and PATAMI 9.3% YoY, underpinned by broad-based momentum across all customer segments RM million REVENUE UNDERLYING EBIT UNDERLYING PATAMI RM 2,934.7mil RM 593.3mil RM 436.3mil 3,256.7 2,934.7 2,851.5 593.3 558.0 436.3 540.6 399.
Slide 5: B2C: Stable subscriber base, underpinned by effective campaign execution
B2C: Stable subscriber base, underpinned by effective campaign execution Revenue (RM mil) Key Operating Metrics Strategic Priorities 1,495.3 Unifi ARPU (1Q 2026) Unifi Home subs ▪ Strengthen our position as Malaysia’s 1,386.4 1,376.8 1,415.7 1,457.2 RM132 3.229 mil Convergence Champion and the only
Slide 6: B2B: Rebuilding momentum with strategic shift in new core wins
B2B: Rebuilding momentum with strategic shift in new core wins, driving YoY recovery Revenue (RM mil) Latest Key Highlights Strategic Priorities Government ▪ Focus on recurring and higher-value ▪ Government segment leading growth, underpinned new core – embed connectivity, cloud, by stronger connect
Slide 7: C2C: Strong YoY growth supported by rising hyperscaler demand
C2C: Strong YoY growth supported by rising international hyperscaler’s demand and domestic backhaul expansion Revenue (RM mil) Latest Key Highlights Strategic Priorities Domestic ▪ Strengthen Malaysia’s position as a ▪ Aggressive rollout of 5G Mobile backhaul with digital hub for the region 979.6 mo
Slide 8: Revenue by Product
Revenue by Product Healthy Year-on-Year Growth Across Data, Internet and Others RM mil VOICE DATA INTERNET OTHERS RM 466.8 mil RM 870.4 mil RM 1,123.3 mil RM 474.2 mil 1,111.7 1,123.3 860.5 870.4 474.2 410.5 468.8 466.8 1Q’25 1Q’26 1Q’25 1Q’26 1Q’25 1Q’26 1Q’25 1Q’26 ▼ 0.4% YoY ▲ 1.2% YoY ▲ 1.0% YoY
Slide 9: Operating Cost/Revenue
Operating Cost/Revenue Infrastructure & Customer Operations costs elevated by one-off 5G MOCN capacity write-down Cost/Revenue (%) RM million Cost detail (RM mil) 1Q 2025 1Q 2026 YoY YoY Highlights Higher convergence service 86.3 Direct Cost 545.2 617.7 13.3% bundle revenue 81.7 21.0 Manpower 652.5
Slide 10: Group Capital Expenditure
Group Capital Expenditure ▪ 1Q 2026 Capex of RM212 mil driven primarily by growth initiatives, including fibre expansion and 5G backhaul under access. ▪ Lower Capex YoY as data centre expansions transitioned to commercial operations ▪ At 7.2% of revenue, Capex at 18%–20% guidance range expected by 2
Slide 11: Group Cash Flow & Financial Ratios
Group Cash Flow & Financial Ratios Stronger Cash Generation from Operating Activities Cash Flow Statement (RM million) Key Financial Ratios 1Q 2026 1Q 2025 1Q 2026² 1Q 2025² Operating activities 216.6 113.0 RETURNS Investing activities (209.8) (218.0) Return on Equity 13.96% 21.02% Financing activit
Slide 12: Key Takeaways
Key Takeaways TM maintains a measured outlook amid prevailing uncertainties and remains focused on delivering against its FY 2026 guidance B2C Convergence Champion B2B Digital Partner C2C Regional Digital Hub Strengthened its position as a Sustained recovery momentum, supported Delivered steady grow
Slide 13: Thank You
THANK YOU 1Q 2026 Analyst Briefing Corporate Finance & Investor Relations Level 19, TM Annexe 1, Jalan Pantai Jaya, 59200 Kuala Lumpur www.tm.com.my/investorrelations | investor@tm.com.my