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Telekom Malaysian
5/21/2026
Assalamualaikum and a very good evening, everyone. Welcome to TM's 2026 first quarter analyst briefing hosted by our managing director and group CEO, Mr. Ahmad Huzaimi, together with our group CFO, Mr. Ahmad Firuz. I'm Zulanul from TM's Investor Relations team. And if you are in our distribution list, you have received a copy of the analyst briefing presentation by email earlier. Slides are also available on the IR website and the quarterly results and will be shown during this session. Before we begin, I would like to kindly remind everyone to keep your microphones muted. We will open the floor for Q&A session after the presentation. Without further ado, I would like to hand over the briefing to Encik Ammar. Over to you, Chief.
Thanks, Zainal. Assalamualaikum and a very good evening. Thank you everyone for meeting this time to attend this briefing. I will start with a snapshot of our quarter performance before handing the session to our group CFO, Encik Ammar Firuz. to elaborate on the operational and financial details. I will be back at the end of the presentation with some concluding remarks before we proceed to the Q&A session. Let me start by giving you the lens through which we view this quarter. First, our top line grew across all three clusters, B2C, B2B, and C2C. Group revenue rose 2.9% year-on-year. to RM2.2 billion with fixed broadband subscribers reaching 3.2 million. That breadth of growth matters as it reflects that the strategies we set out at the start of the year are gaining traction in the market. Customers are responding well to our convergence proposition. Government and enterprise customers continue to give trust to TM for our higher value digital solutions propositions at the same time. our international carrier business is benefiting from rising hyperscale demand for regional collectivity. Second, our reported profitability disclosure reflects a one-off transition cost, specifically the write-down related to our current 5G access agreement, following the announcement made in February. Excluding this impact, the underlying business continues to show growth in both Ibis and Potami. That distinction is important, and Firus will take you through the details shortly. Third, we continue to manage capital with discipline. CapEx is at 7.2% of revenue, and we are applying strict discipline to allocate CapEx for our business growth. Our investment remains focused on areas with the clearest long-term sustainable returns, including submarine cables, data centers, network monetization, and the digital platforms that will support the next wave of demand growth. Reflecting our confidence in the business trajectory, the board has declared a first interim dividend of 6.5 cents per share. This is in line with our revised dividend policy of a minimum 75% payout of reported part-time. At 70% this quarter, we are delivering above that threshold. The revised policy reflects our confidence in the sustainability of TM's cash generation and our commitment to delivering consistent and predictable returns to shareholders. Overall, TM enters the rest of 2026 with a clear strategy, a resilient balance sheet, and a strong execution momentum across the organization. Firuz will now take you through the details. Firuz.
Thank you, Chief.
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