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Maxis Bhd.

Company Background

Established in 1995, Maxis was one of the first mobile communications providers in Malaysia.

The company is constantly revamping its business model and was one of the first operators to introduce 4G services in 2013. Its 4G service reaches 15% of the Malaysian population, making Maxis a market leader in this area.

Maxis also offers cloud computing to small and medium businesses. The company's 2G and 3G networks cover 95% and 83% of the Malaysian population respectively.

Maxis' CEO is Norwegian Morten Lundal, former CEO of DiGi.Com, another Malaysian telecommunications company. He was also a top executive at Vodafone, the U.K.'s leading mobile phone company.

Maxis is more than 60% controlled by Usaha Tegas, a private investment arm of Malaysian billionaire Ananda Krishnan.

Business Summary

Maxis Bhd. is an investment holding company, which engages in the provision integrated telecommunication services. It operates through Malaysia, and Other Countries geographical segments. It offers postpaid, prepaid, phones, and broadband. The company was founded on August 7, 2009 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2021 MYRUSD
Gross Profit2,187M527.59M
Operating income1,928M465.11M
Income before tax1,762M425.06M
Net income1,308M315.54M
Diluted EPS0.160.04
Dividends Per Share0.160.03
Total Assets22,443M5,387.18M
Total liabilities15,718M3,772.92M
Total equity6,725M1,614.25M
Operating cash flow3,450M832.27M
Currency in MYRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 9,419.29M 9,192.43M 9,313M 8,966M 9,203M
Gross Profit 3,350.60M 2,896.33M 2,664M 2,478M 2,187M
Operating income 2,947.22M 2,506.47M 2,308M 2,008M 1,928M
Income before tax 2,878.42M 2,368.72M 2,027M 1,852M 1,762M
Net income 2,180.04M 1,779.71M 1,512M 1,382M 1,308M
EBITDA 3,996.56M 3,586.95M 3,810M 3,640M 3,786M
Diluted EPS 0.28 0.22 0.19 0.17 0.16
Dividends Per Share 0.20 0.20 0.20 0.16 0.16
Total Assets 19,514.01M 20,287.58M 22,323M 21,932M 22,443M
Total liabilities 12,567.99M 13,137.85M 15,322M 14,882M 15,718M
Total equity 6,946.01M 7,149.73M 7,001M 7,050M 6,725M
Operating cash flow 2,964.19M 2,943.79M 2,989M 3,149M 3,450M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,190.77M 2,277.96M 2,247.89M 2,133.63M 2,220.13M
Gross Profit 779.29M 717.73M 643.01M 589.68M 527.59M
Operating income 685.47M 621.12M 557.08M 477.84M 465.11M
Income before tax 669.47M 586.98M 489.26M 440.72M 425.06M
Net income 507.04M 441.02M 364.95M 328.87M 315.54M
EBITDA 929.53M 888.87M 919.62M 866.21M 913.33M
Diluted EPS 0.06 0.05 0.04 0.04 0.04
Dividends Per Share 0.04 0.04 0.04 0.03 0.03
Total Assets 4,821.84M 4,909.27M 5,457.27M 5,452.33M 5,387.18M
Total liabilities 3,105.50M 3,179.15M 3,745.75M 3,699.68M 3,772.92M
Total equity 1,716.33M 1,730.12M 1,711.52M 1,752.64M 1,614.25M
Operating cash flow 689.42M 729.49M 721.46M 749.36M 832.27M

Valuation Measures

Dec 2021
Operating margin20.94%
Profit margin14.21%

Key executives

  • Chief Executive & Marketing Officer: Gokhan Ogut
  • Chief Financial Officer: Jennifer Wong
  • Chief Information Officer: May Ching Ng
  • Chief Corporate Affairs Officer: Mariam Bevi binti Batcha
  • Chief Digital & Transformation Officer: Rob Sewell


  • Binariang GSM Sdn. Bhd. (62.2%)
  • Employees Provident Fund (11.8%)
  • Permodalan Nasional Bhd. (10.3%)
  • Kumpulan Wang Persaraan (1.4%)
  • Urusharta Jamaah Sdn. Bhd. (1.0%)
  • Public Mutual Bhd. (0.9%)
  • BlackRock Fund Advisors (0.8%)
  • The Vanguard Group, Inc. (0.8%)
  • Great Eastern Life Assurance Co. Ltd. (0.5%)
  • Eastspring Investments (Singapore) Ltd. (0.4%)

Contact Details

  • Website:
  • Address: Level 5-9, 11, 14-25 & 29-30, Menara Maxis, Kuala Lumpur, 50088, Malaysia
  • Phone: +60 3 2330 7000

Related Companies

  • Peering One Sdn. Bhd.
  • AudeoNet Sdn. Bhd.
  • Infrastructure Consulting & Managed Services Sd. Bhd.
  • Malaysian Landed Property Sdn. Bhd.
  • Maxis Collections Sdn. Bhd.
  • All Asia Digital Networks Pte Ltd.
  • PT Maxis Communications
  • Maxis Mobile Sdn. Bhd.
  • Maxis International Sdn. Bhd.
  • Advanced Wireless Technologies Sdn. Bhd.
  • Maxis Mobile Services Sdn. Bhd.
  • Maxis Broadband Sdn. Bhd.


    Last Updated on 25 Nov, 2022

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