TOGETHER
AS ONE
INTEGRATED ANNUAL REPORT 2025
INTEGRATED ANNUAL REPORT 2025
Dear Shareholders,
Astro is making sustained headway in our transformation journey to stabilise revenue and build new adjacencies while reducing legacy costs against a backdrop of structural headwinds and cost-of-living concerns as Malaysia moves to rationalise subsidies. In FY25, we renewed our product and content propositions by improving affordability, value and accessibility to grow new customers, including expanding the list of streaming apps aggregated on our platform. With our offering of attractive and competitively priced products, we envisage this will help reduce the demand for pirated content, the industry’s biggest threat. Beyond this, Astro plays a leading role in shaping the nation’s entertainment, news and sports narratives by making and distributing quality local content for everyone to enjoy.
YAM Tunku Ali Redhauddin Ibni Tuanku Muhriz
Chairman
Dear Shareholders,
In a world of turbulence, Astro’s ambitious transformation agenda continues apace. Work is progressing across each of our key strategic priorities as we navigate the evolving market terrain and global shifts in consumer patterns, technology and digital ubiquity. Post reductions in our legacy costs, and after listening closely to customer feedback, this year we have been able to reshape our offerings. Each of our three distinct video products has been reset to attract new customers, empowering individuals and families to better decide on which service suits their needs. In tandem, we have continued our focus on supplementing income through adjacent revenue streams and driving down further our cost base, enabling us to lower the entry price of our services and be competitive against global peers.
Euan Smith
Group Chief Executive Officer
TV households (Penetration)
Share of TV viewership
ARPU
Connected box MAU
Astro GO MAU
sooka MAU
Weekly radio listeners (FM and online)
Monthly visitors across our digital brands
Enterprise customers
Share of TV adex
Share of radex
Share of digidex
Content hours produced
On Demand videos
Connected box minutes streamed
Local content investment
Revenue
PATAMI
Free cash flow
Net debt/EBITDA
GHG emissions reduction (Scope 1 and 2)
Carbon avoidance in FY25
Educational On Demand videos
Voice for Good hours
Intellectual capital
Industrial capital
Human capital
Financial capital
Social and relationship capital
Natural capitalMoving forward:
Moving forward:
Moving forward:
Moving forward:
Our sustainability framework aligns our value creation model with the identified material matters, as illustrated here. This framework underpins our Group-wide efforts towards effectively integrating sustainability to conduct and grow our business responsibly. Supported by a sound governance structure, we address our material matters via Astro’s five ESG Pillars and three Strategic Drivers to encapsulate sustainability thinking. They allow us to embed sustainability commitments into our strategic business priorities.
We have set short-term sustainability performance targets for FY24 to FY26, supported by identified initiatives over these three years. Meanwhile, we will continue to execute our Climate Roadmap towards carbon neutrality by 2040, while actively developing action plans to achieve net zero emissions by 2050.
Good governance is fundamental to being a responsible business. Our robust CG framework is vital in ensuring compliance with applicable laws and regulations for effective risk management.
We are committed to maintaining business integrity and transparency, promoting diversity and inclusion, ensuring workplace safety, and safeguarding cybersecurity and data privacy.
We are committed to achieving carbon neutrality by 2040 in advocating for a greener planet. Our Climate Roadmap guides us in reducing our overall GHG emissions over the short, medium and longer term.
We are focused on improving energy efficiency, increasing the use of renewable energy and implementing sustainable practices across our operations.
We are now ready to progress to net zero by 2050 in tandem with Malaysia's aspiration.
Given our unique position as Malaysia’s largest media and content powerhouse, we aspire to be a Voice for Good by airing PSA and ESG-related content across TV, radio, and digital platforms.
Through our content, we aim to deliver impactful messaging to influence and drive positivity within our communities.
Education is vital to the long-term well-being of our future generation and the development of our nation. We leverage our key differentiator - content, to provide access to high quality education and supplementary learning materials, which is particularly useful for students in rural and remote communities.
We are committed to building sustainable communities and creating a lasting impact on society.
We commit to providing emergency relief assistance to our community when needed.
We aim to support and contribute to our community's overall resilience and well-being by being responsive and proactive.
Enquiries
If you have any enquiries prior to the 13th AGM, please contact Boardroom Share Registrars Sdn Bhd during office hours from Monday to Friday (8.30 a.m. to 5.30 p.m). Boardroom’s contact details are as follows:
Tel:
+603 7890 4700
(Helpdesk)
+603 7890 4716
(En. Mohamed Sophiee bin Ahmad Nawawi)
+603 7890 4704
(Cik Nur Atiqah binti Mohd Arif)
Fax:
+603 7890 4670
We are the largest content creator in Malaysia. Beyond intellectual property rights (IPs) related to content, our intellectual capital also includes our strong brand reputation, business processes, as well as systems, software, patents, trademarks, and proprietary information.
This consists of our proven capabilities to produce, aggregate, and distribute content across TV, radio, digital, cinema and at on-ground activations, leveraging our ready customer base and extensive market reach to Malaysian households, individuals and enterprises.
This comprises the collective knowledge, experience and expertise within our Group as we continue to nurture, hone and harness the diverse skill sets and expertise of Team Astro’s on- and off-screen talents while championing diversity and inclusion, creativity and accountability.
This consists of the pool of funding that our Group has access to, derived from our cash-generative business as well as access to institutional lenders and financial markets. This is prioritised towards reinvestments for future growth.
We establish strong relationships with our stakeholders, understanding and addressing their concerns in maintaining our social licence to operate. Our ESG efforts generate positive long-term impact for communities.
We are committed to be carbon neutral by 2040 and are executing our Climate Roadmap to decarbonise and lower Astro’s carbon emissions, while actively pursuing Net Zero 2050. Mindful of our environmental footprint, we utilise natural resources responsibly through more sustainable business practices.
Produce, aggregate, distribute, and monetise content across all platforms focusing on the best of local vernaculars, live sports, kids, news, regional and international content
Leverage technology and data to deliver differentiated products and services to serve all customer segments catering to their diverse needs, preferences and spending propensities, and provide the best customer care
Create sustainable impact centred around Astro’s five ESG Pillars to address our material matters
Growing our customer reach and content creation capabilities amid industry changes and ongoing acts of piracy for business sustainability
Delivering positive operational performance and rewarding shareholders
Contributing to Malaysia's economy and local media industry
Operating responsibly and contributing to the betterment of our talent, community and environment
