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This document is proprietary and confidential. All rights reserved. No part of this document may be reproduced or distributed without prior written permission. Q2 2026 Results 28 Aug 2026
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© 2025. Proprietary & Confidential. All Rights Reserved. Disclaimer The following presentation contain statements about future events and expectations that are forward-looking statements by the management of Axiata Group Berhad (“Axiata”) (“Company”), relating to financial trends for future periods, compared to the results for previous periods, characterised by the use of words and phrases such as “might”, “forecast”, “anticipated”, “project”, “may”, “believe”, “predict”, “expect”, “continue”, “will”, “estimate”, “target” and other similar expressions. Forward looking information is based on management’s current views and assumptions including, but not limited to, prevailing economic and market conditions. Our business operates in an ever-changing macro environment. As such, any statement in this presentation that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause Axiata actual results, performance and achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This presentation does not constitute an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. No reliance may be placed for any purposes whatsoever on the information contained in the presentation or on its completeness, accuracy or fairness. None of the Company nor any of its shareholders, directors, officers or employees nor any other person accepts any liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. “RM” shall mean Ringgit Malaysia being the lawful currency of Malaysia. Any discrepancies between individual amounts and totals are due to rounding.
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© 2025. Proprietary & Confidential. All Rights Reserved. 3 Axiata28 delivers stronger earnings, higher dividends and continued portfolio transformation in 1H26 Axiata28: Advancing Asia Telecoms Technology Smart Asset Manager Profit & Valuation Growth Valuation Growth • Dividend upstreaming totalling RM875mn, from a diversified portfolio • Profits jumps >60% YTD from market repair, merger synergies and operational excellence • DPS increased to 5.5 sen, reflecting Axiata28’s commitment of DPS growth of at least 10% per annum • Strategic capital investments to strengthen network leadership in Dialog (5G), Robi (Dhaka modernisation), XLS (5G & spectrum acquisition) and Smart (5G & fiber license) • ADA, our AI experience company, expands with strategic acquisition of Algonomy • BHSB secures IFC as a new strategic investor • Launch of Boost SME with Boost Bank
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© 2025. Proprietary & Confidential. All Rights Reserved. Dividend upstream of RM875mn enabling our 10% YoY DPS growth to 5.5 sen Dividend Received 4 284 722 148 560 165 710 RMmn 5.0 sen 10% y.o.y growth 5.5 sen Dividend Received
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© 2025. Proprietary & Confidential. All Rights Reserved. ▲ ▲ ▲ ▲ ▲ ▼ ▼ ▲ ▲ ▲ ▲ ▲ ▲ ▲ ▼ ▼ ▼ ▲ ▲ ▲ ▲ ▲ ▼ ▼ ▼ ▲ ▲ Dividend Received Telecoms Portfolio funding shareholder returns; Technology Portfolio reaching breakeven milestone As a Smart Asset Manager, Axiata provides greater visibility and predictability of dividend returns to our shareholders. Both CDB and Dialog payout quarterly dividends, and Edotco commenced dividend distribution since 2025. This diversified portfolio supports Axiata’s capacity for sustainable shareholder returns ahead. Revenue EBITDA YTD26 vs YTD25 PAT/PATAMI1 Note: 1PAT for jointly controlled entities and PATAMI for all others operating companies. 2ARPU figures are presented on a year-on-year basis (2Q26 vs 2Q25). ARPU2 / Tenancies3/ Loan book growth4 Jointly controlled Jointly controlled Telecoms Technology 0.1% ▲ ▲ ▲ ▲ ▲ ▲ Operational Metrics Financial Metrics 25.8% 7.1% 9.3% 7.5% 13.2% 8.7% 15.9% 67.3% 1.7% 24.6% 15.6% 22.9% 3.1% 23.9% 12.1% 20.9% 91.5% 0.0% 18.1% 29.3% +>100% 1.2% 23.1% 51.4% 11.0% 78.5% 0.8% 32.1% 3.5% 9.5% 3.7%3 +>100%4 5
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Q2 2026 Results
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© 2025. Proprietary & Confidential. All Rights Reserved. UPATAMI3PATAMI2JCE1 - Shares of Results EBITEBITDA RM5,670mn YoY ( ▼ -3.2 %) QoQ ( ▲ +2.5 %) cc: YoY ( ▲ +7.3% ) QoQ ( ▲ +3.3% ) RM2,705mn YoY ( ▲ +1.7 %) QoQ ( ▼ -0.5 %) cc: YoY ( ▲ +14.1% ) QoQ ( ▲ +0.2% ) RM1,125mn YoY ( ▲ +60.7 %) QoQ ( ▼ -7.2 %) cc: YoY ( ▲ +80.9% ) QoQ ( ▼ -6.9% ) RM154mn YoY ( ▼ -10.1% ) QoQ ( ▲ +49.5% ) RM316mn YoY ( ▲ +>100% ) QoQ ( ▼ -84.5 %) RM717mn YoY ( ▲ +>100% ) QoQ ( ▼ -38.0% ) 7 1. JCE refers to Jointly Controlled Entities ie CelcomDigi and XLSmart 2. PATAMI in continuing operations 3. Underlying performance at constant currency (continuing operations) cc Refers to constant currency 1H26 Financial Performance: UPATAMI more than doubled to RM717mn Disciplined capital allocation into network leadership, combined with improved market structures and successful merger integration, is driving stronger earnings for our portfolio. XLSMART continues to capture merger synergies, while strategic investments in Dialog and Robi are delivering returns through higher data monetisation and operational excellence. Revenue Option 1 - recommended
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© 2025. Proprietary & Confidential. All Rights Reserved. Net Debt/EBITDAHoldCo BorrowingsHoldCo Cash AOFCFGroup BorrowingsGroup Cash RM3,710mn YoY ( ▼ -23.8 %) QoQ ( ▲ +2.4 %) RM15,746mn YoY ( ▼ -11.1% ) QoQ ( ▲ +4.3 %) RM678mn YoY ( ▼ -21.9% ) QoQ ( ▼ -66.9 %) RM1,052mn YoY ( ▼ -23.2% ) QoQ ( ▲ +49.3 %) RM6,949mn YoY ( ▼ -12.1% ) QoQ ( ▲ +1.4 %) 8 Balance Sheet remains resilient as at 30 June 2026 Balance sheet remains resilient through disciplined capital allocation, enabling the Group to fund strategic portfolio investments while delivering higher shareholder returns. 2.63x Q225 ( 2.76x ) Q126 ( 2.51x )
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© 2025. Proprietary & Confidential. All Rights Reserved. 9 2026: Opportunities & Risks 9 OPPORTUNITIES RISKS • Merger synergies in CDB and XLS • Market repair and growth in Telecoms Portfolio • ARPU growth/uplift • Fibre in KH • 5G in all markets (exclude BD) • New investors/partners to fund growth opportunities in Technology Portfolio • Holdco debt - liability management to further strengthen the balance sheet • Geopolitical and macroeconomic risks: • Middle East tension: forex interest rate and inflation • Supply chain disruptions • Evolving 5G landscape in MY • Monetisation of 5G investments in the Telecoms Portfolio
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Appendix
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© 2025. Proprietary & Confidential. All Rights Reserved. Revenue (RMmn) EBITDA (RMmn) EBIT (RMmn) PAT (RMmn) 44.0% 42.9% 42.8% 43.5% 3,208 3,186 6,387 6,394 Q126 Q226 YTD25 YTD26 -0.7% +0.1% 729 712 1,432 1,441 Q126 Q226 YTD25 YTD26 422 405 827 827 Q126 Q226 YTD25 YTD26 -4.0% 0.0% -2.3% +0.6% 1,413 1,367 2,733 2,779 Q126 Q226 YTD25 YTD26 -3.3% +1.7% 11 Margin: CDB: Resilient revenue, strong cost execution and sustained shareholder returns
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© 2025. Proprietary & Confidential. All Rights Reserved. Revenue (IDRbn) EBITDA & EBIT (IDRbn) AOFCF1 (IDRbn) PAT (IDRbn) EBITDA EBIT 1. AOFCF = OFCF less ROU depreciation -0.9% 3.2% 6.8%45.6% 45.7% 46.1% 45.7% 1.2% 5,4025,569 8,80710,971 Q126 Q226 YTD25YTD26 (103) 386 1,295 283 Q126 Q226 YTD25YTD26 11,835 12,192 19,105 24,027 Q126 Q226 YTD25 YTD26 674 (4,943) 1,767 (4,269) Q126 Q226 YTD25 YTD26 -716 (282) (1,218) (998) Q126 Q226 YTD25 YTD26 ->100% ->100% 12 +3.0% +25.8% +3.1% +24.6% +>100% -78.1% +60.6% 18.1% Margin: XLSMART: Strong post-merger momentum with synergies driving higher profitability
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© 2025. Proprietary & Confidential. All Rights Reserved. Revenue (BDTmn) EBITDA & EBIT (BDTmn) AOFCF1 (BDTmn) PATAMI (BDTmn) EBITDA EBIT 20.4% 23.7% 20.9%52.5% 54.3% 49.5% 53.4% 22.1% 1. AOFCF = OFCF less ROU depreciation 13,28814,722 24,22028,010 Q126 Q226 YTD25YTD26 5,1736,433 10,25411,607 Q126 Q226 YTD25YTD26 5,587 2,257 12,224 7,845 Q126 Q226 YTD25 YTD26 2,323 2,629 3,829 4,953 Q126 Q226 YTD25 YTD26 25,312 27,117 48,960 52,429 Q126 Q226 YTD25 YTD26 +13.2% +29.3% -59.6% -35.8% Numbers may vary to the OpCo’s reporting due to IFRS or individual company definitions 13 +7.1% +7.1% +10.8% +15.6% +24.4% +13.2% Margin: Robi: Growing data subscribers and consumption, alongside network modernisation, drive growth
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© 2025. Proprietary & Confidential. All Rights Reserved. 47,292 48,223 87,420 95,515 Q126 Q226 YTD25 YTD26 Revenue (LKRmn) EBITDA & EBIT (LKRmn) AOFCF1 (LKRmn) PATAMI (LKRmn) EBITDA EBIT 1. AOFCF = OFCF less ROU depreciation 24,25625,697 40,65849,952 Q126 Q226 YTD25YTD26 12,65312,885 16,565 25,539 Q126 Q226 YTD25YTD26 +2.0% +9.3% +5.9% +22.9% +1.8% +54.2% 15,006 7,919 24,747 22,925 Q126 Q226 YTD25 YTD26 9,186 10,114 9,197 19,301 Q126 Q226 YTD25 YTD26 +10.1% +>100% -47.2% -7.4% 26.8% 26.7% 18.9%51.3% 53.3% 46.5% 52.3% 26.7% Numbers may vary to the OpCo’s reporting due to IFRS or individual company definitions 14 Margin: Dialog: Strong execution supports shareholder returns while sustaining 5G investment
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© 2025. Proprietary & Confidential. All Rights Reserved. Revenue (USDmn) EBITDA & EBIT (USDmn) AOFCF1 (USDmn) PATAMI (USDmn) EBITDA EBIT 1. AOFCF = OFCF less ROU depreciation 36.0% 37.8% 37.8%58.1% 59.3% 61.2% 58.7% 36.9% 65 68 128 132 Q126 Q226 YTD25YTD26 40 43 79 83 Q126 Q226 YTD25YTD26 111 114 210 225 Q126 Q226 YTD25 YTD26 34 34 77 69 Q126 Q226 YTD25 YTD26 32 33 66 65 Q126 Q226 YTD25 YTD26 +2.2% -1.2% -0.5% -11.3% Numbers may vary to the OpCo’s reporting due to IFRS or individual company definitions 15 +2.3% +7.5% +4.5% +3.1% +7.4% +5.0% Margin: Smart: Healthy topline growth, as ARPU uptrend continues
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© 2025. Proprietary & Confidential. All Rights Reserved. 661 706 1,577 1,368 Q126 Q226 YTD25 YTD26 Revenue (IDRbn) EBITDA & EBIT (IDRbn) AOFCF1 (IDRbn) EBITDA EBIT PATAMI (IDRmn) 1. AOFCF = OFCF less ROU depreciation -47.1% -37.2% -26.8%21.1% 26.3% 27.1% 23.8% -42.0% (311) (263) (423) (574) Q126 Q226 YTD25YTD26 (60) (104) (319) (164) Q126 Q226 YTD25 YTD26 (437) (415) (692) (852) Q126 Q226 YTD25 YTD26 +5.1% -23.1%-72.4% +48.6% Numbers may vary to the OpCo’s reporting due to IFRS or individual company definitions 16 140 186 428 325428 Q126 Q226 YTD25YTD26 +6.8% -13.2% +33.1% -23.9% +15.6% -35.7% Margin: Link Net: Operational recovery emerging through subscriber additions and Enterprise traction
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© 2025. Proprietary & Confidential. All Rights Reserved. Revenue (RMmn) EBITDA & EBIT (RMmn) AOFCF1 (RMmn) PATAMI (RMmn) EBITDA EBIT 1. AOFCF = OFCF less ROU depreciation 41.4% 34.6% 43.5%72.7% 69.3% 73.7% 71.0% 38.0% 396 381 885 778 Q126 Q226 YTD25YTD26 226 191 522 417 Q126 Q226 YTD25YTD26 546 550 1,200 1,096 Q126 Q226 YTD25 YTD26 +0.8% -8.7% -3.8% -12.1% -15.7% -20.2% 72 47 205 119 Q126 Q226 YTD25 YTD26 81 32 233 113 Q126 Q226 YTD25 YTD26 -60.2% -51.4% -34.3% -42.0% Numbers may vary to the OpCo’s reporting due to IFRS or individual company definitions 17 Margin: EDOTCO: Affected by forex headwinds
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© 2025. Proprietary & Confidential. All Rights Reserved. Revenue (RMmn) EBITDA & EBIT (RMmn) AOFCF1 (RMmn) PATAMI (RMmn) EBITDA EBIT 1. AOFCF = OFCF less ROU depreciation 3.8% 4.3% 6.2%5.7% 5.9% 8.5% 5.8% 4.0% 14 17 40 32 Q126 Q226 YTD25YTD26 9 13 29 22 Q126 Q226 YTD25YTD26 250 292 468 542 Q126 Q226 YTD25 YTD26 +16.9% +15.9% +20.2% -20.9% +33.1% -23.9% 14 13 34 27 Q126 Q226 YTD25 YTD26 7 17 22 24 Q126 Q226 YTD25 YTD26 +>100% 11.0% -3.0% -19.7% Numbers may vary to the OpCo’s reporting due to IFRS or individual company definitions 18 Margin: ADA: Revenue growth sustained through Solutions expansion despite margin pressures
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© 2025. Proprietary & Confidential. All Rights Reserved. 5 (38) (104) (33) 29 (2) (62) 28 (24) (36) (42) (60) Q126 Q226 YTD25YTD26 10 (31) (98) (21) 24 (9) (74) 14(14) (21) (24) (35) Q126 Q226 YTD25 YTD26 12 (31) (92) (20) Q126 Q226 YTD25 YTD26 Revenue (RMmn) EBITDA & EBIT (RMmn) AOFCF1 (RMmn) PATAMI (RMmn) 1. AOFCF = OFCF less ROU depreciation 4.7% -70.4% -108.9%16.1% -44.5% -84.9%Margin: -4.3% -20.6% Numbers may vary to the OpCo’s reporting due to IFRS or individual company definitions 19 106 54 96 160 17 19 18 36 90 35 77 125 Non Bank Bank Q126 Q226 YTD25 YTD26 17 (24) (81) (7) 39 10 (42) 49 (22) (34) (40) (56) Q126 Q226 YTD25YTD26 -49.3% +67.3% ->100% +91.5% ->100% +68.4% ->100% +78.5%->100% +78.7% Boost: Loan book expansion supporting growth
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Thank you www.axiata.com Axiata Group Berhad 20 For further details, contact ir@axiata.com