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FINANCIAL INFO

Quarterly Results

Quarterly Results
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Year:

Description Type
Analyst Briefing Presentation - 2026
Analyst Briefing Presentation - 2026 - Q1 Analyst Briefing Presentation
Financial Unaudited Results - 2026
Financial Unaudited Results - 2026 - Q1 Financial Unaudited Results
Analyst Briefing Presentation - 2025
Analyst Briefing Presentation - 2025 - Q4 Analyst Briefing Presentation
Analyst Briefing Presentation - 2025 - Q3 Analyst Briefing Presentation
Analyst Briefing Presentation - 2025 - Q2 Analyst Briefing Presentation
Analyst Briefing Presentation - 2025 - Q1 Analyst Briefing Presentation
Financial Unaudited Results - 2025
Financial Unaudited Results - 2025 - Q4 Financial Unaudited Results
Financial Unaudited Results - 2025 - Q3 Financial Unaudited Results
Financial Unaudited Results - 2025 - Q2 Financial Unaudited Results
Financial Unaudited Results - 2025 - Q1 Financial Unaudited Results
Analyst Briefing Presentation - 2024
Analyst Briefing Presentation - 2024 - Q4 Analyst Briefing Presentation
Analyst Briefing Presentation - 2024 - Q3 Analyst Briefing Presentation
Analyst Briefing Presentation - 2024 - Q2 Analyst Briefing Presentation
Analyst Briefing Presentation - 2024 - Q1 Analyst Briefing Presentation
Financial Unaudited Results - 2024
Financial Unaudited Results - 2024 - Q4 Financial Unaudited Results
Financial Unaudited Results - 2024 - Q3 Financial Unaudited Results
Financial Unaudited Results - 2024 - Q2 Financial Unaudited Results
Financial Unaudited Results - 2024 - Q1 Financial Unaudited Results
Analyst Briefing Presentation - 2023
Analyst Briefing Presentation - 2023 - Q4 Analyst Briefing Presentation
Analyst Briefing Presentation - 2023 - Q3 Analyst Briefing Presentation
Analyst Briefing Presentation - 2023 - Q2 Analyst Briefing Presentation
Analyst Briefing Presentation - 2023 - Q1 Analyst Briefing Presentation
Financial Unaudited Results - 2023
Financial Unaudited Results - 2023 - Q4 Financial Unaudited Results
Financial Unaudited Results - 2023 - Q3 Financial Unaudited Results
Financial Unaudited Results - 2023 - Q2 Financial Unaudited Results
Financial Unaudited Results - 2023 - Q1 Financial Unaudited Results
Analyst Briefing Presentation - 2022
Analyst Briefing Presentation - 2022 - Q4 Analyst Briefing Presentation
Analyst Briefing Presentation - 2022 - Q3 Analyst Briefing Presentation
Analyst Briefing Presentation - 2022 - Q2 Analyst Briefing Presentation
Analyst Briefing Presentation - 2022 - Q1 Analyst Briefing Presentation
Financial Unaudited Results - 2022
Financial Unaudited Results - 2022 - Q4 Financial Unaudited Results
Financial Unaudited Results - 2022 - Q3 Financial Unaudited Results
Financial Unaudited Results - 2022 - Q2 Financial Unaudited Results
Financial Unaudited Results - 2022 - Q1 Financial Unaudited Results
Analyst Briefing Presentation - 2021
Analyst Briefing Presentation - 2021 - Q4 Analyst Briefing Presentation
Analyst Briefing Presentation - 2021 - Q3 Analyst Briefing Presentation
Analyst Briefing Presentation - 2021 - Q2 Analyst Briefing Presentation
Analyst Briefing Presentation - 2021 - Q1 Analyst Briefing Presentation
Financial Unaudited Results - 2021
Financial Unaudited Results - 2021 - Q4 Financial Unaudited Results
Financial Unaudited Results - 2021 - Q3 Financial Unaudited Results
Financial Unaudited Results - 2021 - Q2 Financial Unaudited Results
Financial Unaudited Results - 2021 - Q1 Financial Unaudited Results
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Group Financial Statistics

Group Financial Statistics
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Five-Year Group Financial Summary

 

YEAR/PERIOD ENDED 31.12.2021 31.12.2022 31.12.2023 31.12.2024
(Restated)		 31.12.2025
OPERATING RESULTS (RM Million)
Revenue 48,119.9* 50,867.7 53,066.9 56,737.1 67,723.1
Operating Profit 8,083.0 9,409.5 7,356.9 8,720.1 8,532.1
Profit before taxation and zakat 4,738.3 5,348.6 3,373.6 5,814.8 6,176.6
Net profit attributable to owners of the Company 3,661.8 3,463.3 2,770.3 3,978.2 4,768.1
 
KEY BALANCE SHEET DATA (RM Million)
Property, plant and equipment 114,105.6 116,577.1 121,932.1 125,611.1 132,884.8
Total assets 182,600.6 205,922.3 204,743.6 200,380.4 198,354.5
Total borrowings 51,678.2 63,882.2 61,770.2 57,406.6 59,085.7
Total liabilities 124,208.2 144,956.1 143,660.9 148,369.1 145,380.5
Share capital 11,927.6 12,204.3 12,499.5 12,700.2 12,810.1
Shareholders’ equity 58,392.4 60,966.2 61,082.7 52,011.3 52,974.0
 
SHARE INFORMATION
Per share (sen):      
- Basic earnings 64.05 60.35 48.00 68.58 81.86
- Diluted earnings 63.73 59.98 47.79 68.43 81.86
Gross Dividend 40.00 46.00 46.00 51.00 53.00
Net assets per share attributable to owners of the Company 988.6 1,017.1 1,016.5 856.9 871.3
Share price as at reporting date (RM) 9.34 9.63 10.04 14.94 13.72
 
FINANCIAL RATIOS 
Return on assets (%) 2.1 1.7 1.3 2.0 2.4
Adjusted return on assets (%)1 2.6 2.2 1.7 2.1 2.3
Return on equity (%) 6.6 5.8 4.3 7.7 9.0
Gearing (%) 47.0 51.2 50.3 52.5 52.7
EBITDA margin# (%) 35.7* 28.4 29.3 30.3 31.6
Effective weighted average cost of funds (%) 4.6 4.6 4.8 4.8 4.6
Interest coverage (%) 5.0 4.8 4.3 4.9 5.1
Currency mix (RM:Foreign) 76:24 79:21 73:27 73:27 78:22
Debt-equity (net of cash) ratio2 0.73 0.83 0.67 0.87 0.72

* Restated
# With ICPT and AFA
1 Adjusted for MFRS119 and foreign exchange
2 Cash include financial assets at fair value through profit or loss (FVTPL)

* Amounts for periods prior to FY2012 have not been restated for the Amendments to MFRS 119 which was early adopted in FY2013
* Amounts for periods prior to FY2013 have not been restated for the Amendments to MFRS 10 and MFRS 116 which were adopted during the financial year
** Balances prior to 1 September 2011 have not been restated for the Amendments to MFRS 119 which was early adopted in FY2013
** Balances prior to 1 September 2012 have not been restated for the Amendments to MFRS 10 and MFRS 116 which were adopted during the financial year
*** Based on adjusted net profit; FY2011 and FY2012 - after adjusting for Fuel Cost Compensation in respective periods
**** Cash for FY2014 until FY2017 includes financial assets at fair value through profit or loss

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Technical Indicators

Technical Indicators
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Initiatives FY2021 FY2022 FY2023 FY2024 FY2025
Generation Equivalent Plant Availability Factor (EAF) (%) * 82.96 83.20 83.26 81.17 87.84
Transmission System Minutes (mins) 0.08 0.17 0.48 0.00 0.15
Distribution SAIDI (mins) ** 45.25 45.06 46.10 47.88 46.93

*The Figure is for all TNB plants

**TNB SAIDI

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Credit Ratings

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Local Rating Agency Issuer Rating
RAM Rating Services Berhad (RAM)

AAA
Stable
Malaysian Rating Corporation Berhad (MARC)

AAA
Stable

 

International Rating Agency Issuer Rating
Standard & Poor's Rating Services (S&P)

A-
Stable
Moody's Investors Service (Moody's)

A3
Stable

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Top 30 Shareholders

List of 30 largest shareholders as at 31 December 2025
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  Name Share (%)
1 Khazanah Nasional Berhad 912,147,224 15.65
2 Citigroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board 816,144,676 14.00
3 Kumpulan Wang Persaraan (Diperbadankan) 398,258,908 6.83
4 AmanahRaya Trustees Berhad - Amanah Saham Bumiputera 348,476,800 5.98
5 CitiGroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (Islamic) 276,796,794 4.75
6 AmanahRaya Trustees Berhad - Amanah Saham Malaysia 2 - Wawasan 112,527,300 1.93
7 AmanahRaya Trustees Berhad - Amanah Saham Malaysia 91,979,700 1.58
8 Permodalan Nasional Berhad 75,413,000 1.29
9 Lembaga Tabung Haji 75,321,100 1.29
10 CitiGroup Nominees (Tempatan) Sdn Bhd Exempt An For AIA Bhd 66,813,900 1.15
11 HSBC Nominees (Asing) Sdn Bhd JPMCB NA For Vanguard Total International Stock Index Fund 65,525,150 1.12
12 HSBC Nominees (Asing) Sdn Bhd - JPMCB NA For Vanguard Emerging Markets Stock Index Fund 60,499,751 1.04
13 CitiGroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (Nomura) 48,229,600 0.83
14 AmanahRaya Trustees Berhad - Amanah Saham Malaysia 3 41,746,900 0.72
15 AmanahRaya Trustees Berhad - Amanah Saham Bumiputera 2 40,608,400 0.70
16 Cartaban Nominees (Tempatan) Sdn Bhd - Prudential Assurance Malaysia Bhd for Prulink Strategic Fund 39,992,200 0.69
17 Cartaban Nominees (Tempatan) Sdn Bhd - PAMB For Prulink Equity Fund 36,604,600 0.63
18 HSBC Nominees (Asing) Sdn Bhd J.P. Morgan Securities Plc 36,356,625 0.62
19 AmanahRaya Trustees Berhad - Amanah Saham Bumiputera 3 - Didik 35,028,692 0.60
20 HSBC Nominees (Asing) Sdn Bhd JPMCB NA for Vanguard Fiduciary Trust Company Institutional Total 33,999,900 0.58
21 Maybank Nominees (Tempatan) Sdn Bhd - Maybank Trustees Berhad For Public Ittikal Fund (N14011970240) 30,500,000 0.52
22 HSBC Nominees (Asing) Sdn Bhd JPMCB NA for Blackrock Institutional Trust Company, N.A. Investment 29,618,325 0.51
23 DB (Malaysia) Nominee (Asing) Sdn Bhd - Exemption For Deutsche Bank AG Singapore (Asing WM CLT) 29,525,625 0.51
24 CitiGroup Nominees (Tempatan) Sdn Bhd Employees Provident Fund Board (CGS CIMB) 28,936,000 0.49
25 AmanahRaya Trustees Berhad - Public Ittikal Sequel Fund 28,373,900 0.49
26 CitiGroup Nominees (Asing) Sdn Bhd CBNY for iShares Core MSCI Emerging Markets ETF 27,951,500 0.48
27 CitiGroup Nominees (Asing) Sdn Bhd CB Spore GW for Government of Singapore (GIC C) 26,547,005 0.45
28 AmanahRaya Trustees Berhad - Public Islamic Dividend Fund 26,062,275 0.45
29 Maybank Securities Nominees (Tempatan) Sdn Bhd Exempt An For Maybank Investment Bank Berhad 25,659,000 0.44
30 CitiGroup Nominees (Tempatan) Sdn Bhd - Employees Provident Fund Board (AsianIslamic) 22,699,400 0.39
    3,888,344,250 66.71
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Contact Us

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Investor Relations

address 02 Investor Relations, Group Finance Division, Tenaga Nasional Berhad, Level 12, Tower A, TNB Platinum, No. 3, Jalan Bukit Pantai, Bangsar 59100 Kuala Lumpur.
phone 03 Tel : 603- 2108 2128
view details 02 Fax : 603- 2108 2034

Email : [email protected]

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