Astro Net Profit Surges Over Threefold To RM129.15 Mln In FY2025

KUALA LUMPUR, March 25 (Bernama) -- Astro Malaysia Holdings Bhd’s net profit for the financial year ended Jan 31, 2025 (FY2025) surged over threefold to RM129.15 million from RM36.88 million in the previous year. 

The company said higher net profit was attributable to lower net financing costs, driven by favourable unrealised forex (foreign exchange) arising from unhedged lease liabilities and lower amortisation of intangible assets, offset by lower earnings before interest, taxes, depreciation, and amortisation (EBITDA) and higher tax expense.

However, revenue fell to RM3.08 billion from RM3.34 billion previously due to a decrease in subscription revenue and advertising revenue, it said in a filing with Bursa Malaysia. 

Astro said television’s revenue decreased by eight per cent to RM2.90 billion from RM3.15 billion, mainly due to a decrease in subscription revenue and advertising revenue.

Meanwhile, radio’s revenue for the current year was lower by RM15.1 million, or 8.1 per cent, compared with the corresponding year due to soft consumer sentiments leading to lower advertising spend. 

For the fourth quarter ended Jan 31, 2025, the company’s net profit was down to RM10.49 million from RM44.38 million in the same quarter a year ago, while revenue also eased to RM766.41 million from RM819.85 million previously.

In a separate statement, its group chief executive officer Euan Daryl Smith said the company will focus on growing new customers, strengthening adjacent businesses, and reducing legacy costs. 

“These pillars will guide us into FY2026 as we continue shaping Astro into Malaysia’s number one entertainment and streaming destination,” he said.

-- BERNAMA