Telekom Malaysia Berhad Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Telekom Malaysia Berhad (KLSE:TM) Full Year 2024 Results

Key Financial Results

• Revenue: RM11.7b (down 4.4% from FY 2023).
• Net income: RM2.02b (up 7.8% from FY 2023).
• Profit margin: 17% (up from 15% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: RM0.53 (up from RM0.49 in FY 2023).

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

Telekom Malaysia Berhad EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) exceeded analyst estimates by 23%.

The primary driver behind last 12 months revenue was the Business-to-Consumer (B2C) segment contributing a total revenue of RM5.63b (48% of total revenue). Notably, cost of sales worth RM7.39b amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to RM2.15b (93% of total expenses). Explore how TM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia.

Performance of the market in Malaysia.

The company's shares are down 1.0% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Telekom Malaysia Berhad (1 doesn't sit too well with us!) that we have uncovered.

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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.