Axiata Group announced it will not provide earnings guidance for 2026 as it undergoes major asset consolidation and monetisation. CFO Nik Rizal Kamil explained that fluctuations from these “big-ticket items” make standard revenue and EBIT targets unreliable, with normal guidance expected to resume in 2027.
The company continues to incur non-cash charges, including RM915 million in depreciation, impairment, and amortisation for Q4 2025, alongside foreign exchange losses. Restructuring initiatives include potential monetisation of Indonesian fibre assets and previous mergers in Indonesia, while exiting non-core markets such as Myanmar and Nepal. By 2027, Axiata plans to split its portfolio into telecom operations and technology businesses, targeting a net debt-to-EBITDA ratio below two.
Additionally, the entry of a new investor into its fintech arm Boost Holdings Sdn Bhd has been delayed to Q2 2026. Boost Bank, a digital banking venture with RHB Bank, aims for profitability by 2028, three years after its technology rollout.
