What was the total revenue for Axiata in FY2022 and how did it compare to FY2021?

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Axiata's Total Revenue Increased to RM21.73 Billion in FY2022

Axiata Group Bhd reported a total revenue of RM21.73 billion for the financial year ended December 31, 2022. This represents an increase from the RM19.99 billion in total revenue recorded in the previous financial year, FY2021.
Revenue Growth Driven by Multiple Factors

The RM1.74 billion increase in total revenue from FY2021 to FY2022 was influenced by various operational performances across Axiata's subsidiaries. For instance, Indonesia's revenue saw a significant rise of 11.2 per cent to RM8.63 billion, attributed to higher prepaid data revenue, growth in digital advertising, and increased device sales.
Impact of Celcom-Digi Merger on Revenue Recognition

While overall revenue grew, the specific reporting period for Celcom's revenue recognition, covering 11 months, led to a reported shrink in revenue ex-device by 3.7 per cent to RM5.7 billion on an equalised basis. Despite this, Celcom demonstrated positive Ebitda growth of 9.2 per cent due to sustained cost management and the absence of 3G accelerated depreciation.
Regional Performance Variances

Beyond Indonesia, Bangladesh also contributed to revenue growth, with an increase of 2.5 per cent to RM4.05 billion, primarily driven by its prepaid business. Conversely, Sri Lanka experienced a revenue decline of 14.8 per cent to RM2,515.7 million, largely due to the depreciation of the Sri Lankan Rupee against the Malaysian Ringgit amidst the country's economic challenges.
Fourth Quarter Performance Highlights

In the fourth quarter of FY2022, Axiata's revenue further climbed to RM5.83 billion from RM5.34 billion in the corresponding period of the previous year, marking a 9.3 per cent increase. This quarterly performance was bolstered by contributions including an off-net gain from the Celcom-Digi merger, higher foreign exchange gains, and reduced tax expenses.

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What was the total revenue for Axiata in FY2022 and how did it compare to FY2021?

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