CelcomDigi stock (MYL6947OO005): Q1 profit jumps 9% on lower costs

CelcomDigi Bhd reported a 9% rise in Q1 2026 net profit to RM418 million, driven by reduced operating expenses and device costs, according to recent filings.

CelcomDigi Bhd, a leading Malaysian telecom operator, posted a 9% increase in net profit for the first quarter ended March 31, 2026, reaching RM418 million from RM384 million in the prior-year period. The improvement stemmed from lower operating expenses and reduced device costs, as detailed in the company's earnings release. This performance highlights ongoing cost discipline amid competitive pressures in the telecom sector.

The stock traded at 3.04 MYR on May 13, 2026, on Bursa Malaysia (KL:CDB), reflecting a 1% gain that day, according to Investing.com as of 05/13/2026.

As of: 14.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: CelcomDigi Bhd
• Sector/industry: Telecommunications
• Headquarters/country: Malaysia
• Core markets: Malaysia
• Key revenue drivers: Mobile services, broadband, enterprise solutions
• Home exchange/listing venue: Bursa Malaysia (KL:CDB)
• Trading currency: MYR

CelcomDigi: core business model

CelcomDigi operates as Malaysia's largest telecommunications provider following the 2022 merger of Celcom and Digi. The company delivers mobile voice, data services, fixed broadband, and enterprise solutions to over 20 million subscribers. Its integrated network covers urban and rural areas, supporting 4G LTE and 5G rollout.

Revenue is primarily generated from postpaid and prepaid mobile plans, with growing contributions from home fiber broadband and digital services. The firm invests heavily in spectrum assets and infrastructure to maintain market leadership, as outlined in its IR page as of 05/14/2026.

Main revenue and product drivers for CelcomDigi

Mobile services account for the bulk of revenue, with postpaid segments showing higher ARPU due to data-heavy plans. Q1 2026 results indicated stable service revenue despite competitive pricing, bolstered by lower device subsidies that improved margins, per The Star as of 05/14/2026.

Broadband expansion and enterprise connectivity are key growth areas, targeting underserved markets. Device sales, while contributing less, saw cost reductions that directly lifted profitability in the recent quarter.

Industry trends and competitive position

Malaysia's telecom market is consolidating, with CelcomDigi holding about 40% mobile subscriber share. Rivals like Maxis and Telekom Malaysia compete on 5G speeds and pricing. Sector-wide capex focuses on fiber and 5G, with regulatory pushes for coverage.

CelcomDigi's scale provides advantages in network quality and cost efficiencies, positioning it well for data demand growth from streaming and remote work.

Why CelcomDigi matters for US investors

US investors may track CelcomDigi via ADRs or regional telecom ETFs, given Malaysia's role in Southeast Asian digital economy growth. Exposure to stable emerging market dividends and 5G upside offers diversification from US-centric tech volatility.

Conclusion

CelcomDigi's Q1 2026 results demonstrate resilient profitability through cost controls, amid a competitive telecom landscape. Investors monitoring Southeast Asian markets note the firm's strong subscriber base and network investments. Future performance will hinge on 5G adoption and regulatory developments.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.