CelcomDigi stock edges lower after softer second-quarter earnings

Published on 09/18/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CelcomDigi stock reflects weaker second-quarter 2026 results, with net profit falling to MYR 398 million as of June 30, 2026. The shares remain sensitive to competition and integration costs in Malaysia’s telecom market.

CelcomDigi, MYL6947OO005, Illustration mit AI erstellt.

CelcomDigi stock (ISIN MYL6947OO005) is trading in the shadow of its latest quarterly figures, after the Malaysian telecoms group reported a decline in net profit to MYR 398 million for the second quarter ended June 30, 2026 compared with MYR 439 million a year earlier, according to BernamaBiz on August 14, 2026.

Second-quarter 2026 earnings under pressure

The merger of Celcom and Digi created CelcomDigi Bhd as Malaysia’s largest mobile operator, and the second-quarter 2026 results highlight the challenge of sustaining profitability during integration. According to BernamaBiz on August 14, 2026, net profit for the quarter ended June 30, 2026 fell to MYR 398 million from MYR 439 million in the prior-year quarter, a decline of about 9.3 percent, underscoring margin pressure in a competitive market.

The same second-quarter 2026 disclosure indicates that CelcomDigi’s earnings were affected by higher network and integration costs as the company continues to optimize its combined infrastructure and customer base following the merger, according to BernamaBiz on August 14, 2026.

Revenue trend and profitability mix

While detailed revenue figures for the second quarter 2026 are not highlighted in the same summary, the reported net profit decline suggests that CelcomDigi’s profitability mix is shifting toward segments with thinner margins such as data-heavy mobile plans and bundled services, based on the explanation of cost pressures given by BernamaBiz on August 14, 2026.

For investors, the key quantified signal from the quarter is that net profit slipped by MYR 41 million year-over-year in the three months to June 30, 2026, which points to an earnings trajectory that is modestly weaker than a year earlier even as CelcomDigi works to stabilize its enlarged customer base and rationalize overlapping infrastructure, according to BernamaBiz on August 14, 2026.

Risk factors and competitive landscape

The earnings decline comes against the backdrop of intense competition in Malaysia’s mobile market, where rivals such as Maxis and U Mobile are vying for subscribers with aggressive data packages and promotional pricing. This competitive pressure makes it harder for CelcomDigi to pass rising network and spectrum costs through to end users, keeping margins under strain even as the operator benefits from scale advantages after the merger, a dynamic highlighted by local business coverage such as BernamaBiz on August 14, 2026.

Another risk factor for CelcomDigi is the need for sustained investment in 5G and fiber infrastructure to meet growing data demand, which can weigh on free cash flow in the near term. According to the company’s investor-relations information on its website at CelcomDigi, strategic priorities include network modernization and digital services expansion, and these initiatives require capital expenditure that must be balanced against shareholder returns.

Stock performance and valuation context

CelcomDigi stock is listed on Bursa Malaysia, with the shares reflecting the softer earnings trend but also the defensive nature of telecom services in Malaysia. As of the most recent completed trading day prior to September 18, 2026, the stock changed hands in the mid-MYR range per Bursa Malaysia data, and the market capitalization stood in the multi-billion MYR bracket as of that same date, signaling that CelcomDigi remains one of the larger constituents of Malaysia’s telecommunications sector.

From a valuation perspective, the decline in second-quarter 2026 net profit to MYR 398 million from MYR 439 million a year earlier means that, all else equal, CelcomDigi’s trailing earnings base is lower than in the previous year, which can put mild downward pressure on price-to-earnings multiples if the share price does not adjust accordingly. This quantified shift in earnings underscores why investors are watching closely whether the integration synergies from the Celcom-Digi merger will be strong enough to restore profit growth in the coming quarters.

Upcoming events and investor focus

Looking ahead, CelcomDigi’s next key milestones for investors are likely to include the third-quarter 2026 results and any updates on dividend policy or network investment plans, with dates and details to be monitored via the company’s financial calendar on its investor-relations portal at CelcomDigi.

For shareholders, the central question is whether the profit decline in the quarter ended June 30, 2026 is a temporary consequence of merger integration or the start of a more prolonged margin squeeze in Malaysia’s telecoms sector. The answer will depend on CelcomDigi’s ability to monetize data usage, manage costs and deliver on promised synergies, with the second-quarter net profit drop of around 9.3 percent serving as a clear numerical benchmark for future performance.