Axiata Group Berhad Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

February 27, 2025

Axiata Group Berhad (KLSE:AXIATA) Full Year 2024 Results

Key Financial Results

Revenue: RM22.3b (up 1.5% from FY 2023).
Net income: RM946.8m (up from RM125.2m loss in FY 2023).
Profit margin: 4.2% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses.
EPS: RM0.10 (up from RM0.014 loss in FY 2023).

revenue-and-expenses-breakdown — KLSE:AXIATA Revenue and Expenses Breakdown February 27th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Axiata Group Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 34%.

The primary driver behind last 12 months revenue was the Mobile - Indonesia segment contributing a total revenue of RM9.94b (45% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to RM7.31b (41% of total expenses). Explore how AXIATA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Malaysia.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Axiata Group Berhad (including 1 which doesn't sit too well with us).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.