PETALING JAYA, 17 November 2023 – CelcomDigi Berhad (CelcomDigi) today announced its third quarter results for the Financial Year 2023 (Q3 FY2023), highlighting the company’s strong growth performance driven by steady integration progress, solid market execution, and cost discipline.
CelcomDigi is on track with its overall merger integration efforts, with its network integration and modernisation reaching more than 4,400 sites as at end October 2023. These efforts have uplifted overall network experience, with customers now enjoying better signal strength and improved download speed in areas post consolidation. CelcomDigi is committed to delivering the widest and fastest 4G network in the country, with its 4G LTE and 4G LTE+ network coverage now reaching 96.4% and 91.1% of populated areas nationwide respectively.
CAPEX in the quarter increased 8.6% Y-Y to RM385 million in Q3 FY2023, as the company prioritised investments for network capacity upgrades and IT integration initiatives. CelcomDigi expects to accelerate CAPEX investments in the final quarter of the year, as it continues to deliver on integration milestones across the organisation.
Commenting on the results, CelcomDigi’s Chief Executive Officer Datuk Idham Nawawi said, “We are happy with the progress made on overall business integration, and especially in delivering Malaysia’s widest and fastest network through solid delivery of our network integration and modernisation programme. Our focus on market execution and prudent cost management contributed to our solid performance this quarter, with subscriber growth from all segments and improvements in profitability margins.”
“In October, we also launched our new brand that underpins our vision to lead in innovation and digitalisation. This new milestone enables CelcomDigi to serve customers more seamlessly, and continue the steady progress made throughout the year in integrating products and services, introducing new offerings, building the nation’s future digital network, and creating a winning organisation staffed by the country’s most talented Malaysians,” he added.
For Q3 FY2023, CelcomDigi recorded Service Revenue of RM2,712 million, and continued growing its quality subscriber base with additions of over 636K subscribers Y-Y, bringing its total subscribers to 20.6 million. EBITDA strengthened by 7.2% Y-Y to RM1,567 million, delivering an industry-leading EBITDA margin of 50.5%, while normalised Profit After Tax (PAT) improved to RM598 million, supported by disciplined cost management.
The company declared a third interim dividend of 3.3 sen per share amounting to RM387 million, in line with its progressive dividend commitment to shareholders.
Delivering affordable convergence and 5G plans
In Q3 FY2023, CelcomDigi continued to deliver best-value high-speed internet plans with extra data quota, 5G offerings, and device bundles with the widest range of 5G phones for both Celcom and Digi customers.
The company also launched Fibre-to-the-Room (FTTR), as well as introduced new fibre add-ons and smart home solutions, as part of its initiatives to deliver the best fibre experience with value-for-money convergence offerings when paired with selected Celcom or Digi Postpaid plans.
On the Enterprise segment, CelcomDigi progressed further with its MY5G Series to drive industry development and adoption of 5G among enterprises, having completed three CEO Roundtable sessions attended by over 60 CEOs across 20 different industries, as well as the MY5G Conference and Tech Showcase that saw more than 400 professionals convene to explore 5G and its potential to transform businesses.