Maxis Bhd (6012) - Net Assets

Latest as of December 2025: RM6.15 Billion MYR ≈ $1.54 Billion USD

Based on the latest financial reports, Maxis Bhd (6012) has net assets worth RM6.15 Billion MYR (≈ $1.54 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM22.52 Billion ≈ $5.65 Billion USD) and total liabilities (RM16.38 Billion ≈ $4.11 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Maxis Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM6.15 Billion
% of Total Assets	27.29%
Annual Growth Rate	3.2%
5-Year Change	-5.07%
10-Year Change	33.35%
Growth Volatility	32.0

Maxis Bhd - Net Assets Trend (2006–2025)

This chart illustrates how Maxis Bhd's net assets have evolved over time, based on quarterly financial data. Also explore 6012 asset base for the complete picture of this company's asset base.

Annual Net Assets for Maxis Bhd (2006–2025)

The table below shows the annual net assets of Maxis Bhd from 2006 to 2025. For live valuation and market cap data, see 6012 company net worth.

Year	Net Assets	Change
2025-12-31	RM6.15 Billion ≈ $1.54 Billion	+4.08%
2024-12-31	RM5.91 Billion ≈ $1.48 Billion	+2.82%
2023-12-31	RM5.74 Billion ≈ $1.44 Billion	-5.70%
2022-12-31	RM6.09 Billion ≈ $1.53 Billion	-5.93%
2021-12-31	RM6.47 Billion ≈ $1.63 Billion	-3.57%
2020-12-31	RM6.71 Billion ≈ $1.69 Billion	-4.09%
2019-12-31	RM7.00 Billion ≈ $1.76 Billion	-2.09%
2018-12-31	RM7.15 Billion ≈ $1.80 Billion	+2.94%
2017-12-31	RM6.95 Billion ≈ $1.74 Billion	+50.69%
2016-12-31	RM4.61 Billion ≈ $1.16 Billion	+9.22%
2015-12-31	RM4.22 Billion ≈ $1.06 Billion	-10.92%
2014-12-31	RM4.74 Billion ≈ $1.19 Billion	-21.26%
2013-12-31	RM6.02 Billion ≈ $1.51 Billion	-14.74%
2012-12-31	RM7.06 Billion ≈ $1.77 Billion	-12.75%
2011-12-31	RM8.09 Billion ≈ $2.03 Billion	-6.67%
2010-12-31	RM8.67 Billion ≈ $2.18 Billion	-3.11%
2009-12-31	RM8.95 Billion ≈ $2.25 Billion	+108.79%
2008-12-31	RM4.28 Billion ≈ $1.08 Billion	+64.59%
2007-12-31	RM2.60 Billion ≈ $653.51 Million	-23.02%
2006-12-31	RM3.38 Billion ≈ $848.94 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Maxis Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 2619300000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM26.19 Billion	426.11%
Common Stock	RM2.60 Billion	42.35%
Other Comprehensive Income	RM-22.73 Billion	-369.76%
Other Components	RM80.00 Million	1.30%
Total Equity	RM6.15 Billion	100.00%

Maxis Bhd Competitors by Market Cap

The table below lists competitors of Maxis Bhd ranked by their market capitalization.

Company	Market Cap
Jiangsu Expressway Co Ltd SHG:600377	$6.87 Billion
Haohua Chemical Science & Technology Corp Ltd SHG:600378	$6.87 Billion
Lottomatica Group SpA NYSE:LOTMY	$6.88 Billion
AXIS Capital Holdings Limited F:AXV	$6.88 Billion
Sodexo SA PA:SW	$6.86 Billion
Allegro Microsystems Inc NASDAQ:ALGM	$6.86 Billion
Transocean Ltd NYSE:RIG	$6.85 Billion
ZEEKR Intelligent Technology Holding Limited NYSE:ZK	$6.85 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Maxis Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,905,000,000 to 6,147,000,000, a change of 242,000,000 (4.1%).
Net income of 1,561,000,000 contributed positively to equity growth.
Dividend payments of 1,332,000,000 reduced retained earnings.
Share repurchases of 4,000,000 reduced equity.
New share issuances of 5,000,000 increased equity.
Other comprehensive income decreased equity by 73,000,000.
Other factors increased equity by 85,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM1.56 Billion	+25.39%
Dividends Paid	RM1.33 Billion	-21.67%
Share Repurchases	RM4.00 Million	-0.07%
Share Issuances	RM5.00 Million	+0.08%
Other Comprehensive Income	RM-73.00 Million	-1.19%
Other Changes	RM85.00 Million	+1.38%
Total Change	RM-	4.10%

Book Value vs Market Value Analysis

This analysis compares Maxis Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.45x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 7.74x to 4.45x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	RM0.45	RM3.49	x
2007-12-31	RM0.35	RM3.49	x
2008-12-31	RM0.57	RM3.49	x
2009-12-31	RM1.55	RM3.49	x
2010-12-31	RM1.16	RM3.49	x
2011-12-31	RM1.08	RM3.49	x
2012-12-31	RM0.94	RM3.49	x
2013-12-31	RM0.80	RM3.49	x
2014-12-31	RM0.63	RM3.49	x
2015-12-31	RM0.56	RM3.49	x
2016-12-31	RM0.63	RM3.49	x
2017-12-31	RM0.90	RM3.49	x
2018-12-31	RM0.91	RM3.49	x
2019-12-31	RM0.90	RM3.49	x
2020-12-31	RM0.90	RM3.49	x
2021-12-31	RM0.86	RM3.49	x
2022-12-31	RM0.81	RM3.49	x
2023-12-31	RM0.73	RM3.49	x
2024-12-31	RM0.75	RM3.49	x
2025-12-31	RM0.78	RM3.49	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Maxis Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 25.39%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.75%
• Asset Turnover: 0.47x
• Equity Multiplier: 3.66x
Recent ROE (25.39%) is below the historical average (29.44%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	62.27%	30.26%	0.84x	2.46x	RM1.77 Billion
2007	76.07%	25.75%	1.13x	2.62x	RM1.72 Billion
2008	-2.37%	-1.41%	0.85x	1.97x	RM-529.78 Million
2009	17.64%	20.73%	0.43x	1.99x	RM683.28 Million
2010	26.49%	25.88%	0.49x	2.10x	RM1.43 Billion
2011	31.26%	28.71%	0.49x	2.23x	RM1.72 Billion
2012	26.33%	20.70%	0.50x	2.53x	RM1.15 Billion
2013	29.42%	19.43%	0.52x	2.89x	RM1.17 Billion
2014	36.42%	20.47%	0.46x	3.84x	RM1.25 Billion
2015	41.50%	20.22%	0.45x	4.53x	RM1.32 Billion
2016	42.64%	23.38%	0.44x	4.14x	RM1.54 Billion
2017	31.39%	23.14%	0.49x	2.75x	RM1.49 Billion
2018	24.89%	19.36%	0.46x	2.77x	RM1.06 Billion
2019	21.39%	16.24%	0.42x	3.16x	RM805.00 Million
2020	19.60%	15.41%	0.41x	3.11x	RM677.00 Million
2021	19.45%	14.15%	0.41x	3.34x	RM635.50 Million
2022	18.09%	11.77%	0.42x	3.62x	RM515.10 Million
2023	17.29%	9.81%	0.44x	3.97x	RM418.70 Million
2024	23.64%	13.31%	0.47x	3.78x	RM805.50 Million
2025	25.39%	14.75%	0.47x	3.66x	RM946.30 Million

Industry Comparison

This section compares Maxis Bhd's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $1,334,529,281
Average return on equity (ROE) among peers: -8.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Maxis Bhd (6012)	RM6.15 Billion	62.27%	2.66x	$6.87 Billion
XOX Technology Bhd (0017)	$28.92 Million	29.75%	2.41x	$6.73 Million
Redtone International Bhd (0032)	$74.14 Million	0.00%	0.50x	$65.01 Million
Green Packet Bhd (0082)	$161.31 Million	-96.53%	0.91x	$16.28 Million
mTouche Technology Bhd (0092)	$146.50 Million	-7.45%	0.03x	$5.82 Million
M N C Wireless Bhd (0103)	$78.09 Million	-8.51%	0.12x	$2.39 Million
XOX Bhd (0165)	$233.64 Million	-38.94%	0.48x	$8.62 Million
OCK Group Bhd (0172)	$699.97 Million	3.66%	1.84x	$102.76 Million
Binasat Communications Bhd (0195)	$120.27 Million	1.48%	0.34x	$11.38 Million
Telekom Malaysia Bhd (4863)	$9.32 Billion	20.06%	1.57x	$7.21 Billion
TIME Dotcom Bhd (5031)	$2.48 Billion	7.81%	0.15x	$2.80 Billion

About Maxis Bhd

KLSE:6012 Malaysia Telecom Services

Market Cap

$6.87 Billion

RM27.34 Billion MYR

Market Cap Rank

#2904 Global

#18 in Malaysia

Share Price

RM3.49

Change (1 day)

-0.29%

52-Week Range

RM3.40 - RM4.36

All Time High

RM4.91