Kuala Lumpur: Telekom Malaysia Bhd (TM) recorded a lower net profit of RM401.25 million in the first quarter ended March 31, 2025, compared with RM424.81 million in the corresponding quarter last year.

According to BERNAMA News Agency, TM’s revenue rose slightly by 0.5 per cent to RM2.85 billion from RM2.83 billion previously. This increase was driven primarily by higher contributions from data, other telecommunication services, and the education segment.

TM stated that its first-quarter revenue performance aligned with expectations, falling within the projected low single-digit growth range. “Growth in business-to-business (B2B) digital solutions and sustained demand in the carrier-to-carrier (C2C) segment helped offset the softer business-to-consumer (B2C) performance,” the company noted in a stock exchange filing.

The company emphasized its commitment to strengthening core operations, scaling enterprise and digital services, and enhancing cost efficiency to meet its 2025 strategic goals.