CelcomDigi to absorb RM272 million loss from DNB in FY27 after share transfer

CelcomDigi Bhd projects a RM272 million loss attributable to Digital Nasional Bhd for the 2027 financial year, a substantial increase from the RM56 million loss expected for 2026. This outcome follows the impending transfer of DNB shares from Minister of Finance Incorporated to CelcomDigi, YTL Power International Bhd and Maxis Bhd, now expected to close in the fourth quarter of 2026, later than the earlier third-quarter target.

After the transfer, each shareholder will record its proportion of DNB's losses under associate and joint-venture contributions. DNB, which posted a RM1.2 billion loss in FY24, completed a RM5.2 billion financing package on Oct 1, a move that could reduce the capital injections previously factored into CelcomDigi and Maxis forecasts. The financing structure remains unclear, and DNB's FY25 results have not yet been released. Analysts maintain an "Add" rating on CelcomDigi with a target price of RM2.84, citing a 14.5-times FY27 earnings multiple and a projected FY26 dividend yield of 5.8 percent.