1. Malaysia Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
Gas Malaysia Berhad

Gas Malaysia Berhad

5209.KL
Gas Malaysia BerhadMY flagMalaysian Stock Exchange
5.43
MYR
-0.03
- -
6.97BMarket Cap
Gas Malaysia Berhad
5209.KL
(Malaysian Stock Exchange)

Recent

price

5.43

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.41
1.56
1.66
1.8
2.16
2.82
3.16
4.14
4.85
5.36
5.21
4.56
5.96
6.29
6.27
5.71
5.52
Revenue per Share
0.23
0.18
0.13
0.13
0.13
0.08
0.13
0.13
0.14
0.15
0.17
0.19
0.3
0.3
0.34
0.3
0.29
Basic EPS, GAAP
0.23
0.18
0.14
0.09
0.18
0.02
0.27
-0.24
0.22
-0.05
0.14
0.33
0.37
0.23
0.21
-0.1
-0.05
Free Cash Flow per Basic Share
0.13
0.3
0.13
0.14
0.12
0.12
0.09
0.13
0.14
0.14
0.14
0.16
0.19
0.23
0.23
0.26
0.06
Dividend per Share
0.91
0.79
0.79
0.78
0.79
0.76
0.8
0.79
0.8
0.81
0.84
0.88
0.99
1.07
1.18
1.21
1.11
Book Value per Share
0.91
0.79
0.79
0.78
0.79
0.76
0.79
0.79
0.8
0.81
0.84
0.88
1
1.07
1.17
1.21
1.11
Tangible Book Value per Share
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
1,284
Basic Weighted Avg Shares
1,807
2,000
2,125
2,317
2,773
3,620
4,053
5,315
6,233
6,886
6,687
5,852
7,649
8,079
8,045
7,337
7,084
Sales/Revenue/Turnover
21.07
14.25
9.7
9.21
7.45
3.78
5.04
3.89
3.77
3.37
4.37
5.75
7.07
6.27
7.24
7.05
7.29
Operating Margin (%)
41
44
46
47
51
54
57
61
66
79
87
94
102
104
110
118
114
Depreciation Expense
298
229
163
171
168
106
165
161
180
190
213
250
390
383
441
382
374
Net Income, GAAP
23.2
22.25
23.93
22.38
21.35
26.12
22.75
25.17
22.95
21.49
26.89
24.45
28.76
26.07
25.6
26.79
27.21
Effective Tax Rate (%)
16.5
11.46
7.66
7.4
6.04
2.93
4.07
3.03
2.89
2.76
3.18
4.27
5.09
4.75
5.49
5.2
5.29
Profit Margin (%)
384
234
239
193
122
41
96
121
12
-132
-175
-291
-140
-156
-68
-69
-243
Working Capital
- -
- -
- -
- -
- -
- -
108
209
181
183
114
13
82
82
282
532
531
LT Debt
1,168
1,009
1,008
1,004
1,013
972
1,021
1,017
1,024
1,043
1,080
1,130
1,278
1,368
1,506
1,560
1,424
Total Equity
26.03
20.05
15.39
16.35
16.03
9.6
14
13.04
14.34
13.31
14.63
17.16
25.6
22.96
23.55
18.18
19.28
Return on Invested Capital (%)
26.99
21.05
16.14
17.04
16.64
10.45
15.03
14
14.91
14.74
15.36
17.47
26.57
24.26
24.7
19.08
20.21
Return on Capital (%)
26.99
21.05
16.14
17.04
16.62
10.7
16.56
15.78
17.64
18.41
20.1
22.65
32.44
29
30.66
24.87
26.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7
107
107
LT Borrowings
530
530
530
LT Finance Leases
2
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,284
1,284
1,284
Market Capitalization
5,534
5,611
7,704

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,311
1,268
1,248
Cash, Cash Equivalents & STI
543
497
549
Accounts Receivable, Net
768
673
699
Inventories
- -
- -
- -
Total Current Liabilities
1,366
1,337
1,492
Payables & Accruals
- -
- -
- -
ST Debt
7
107
107
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.92%
7.68%
3.55%
Free Cash Flow
71.61%
-10.06%
-148.58%
Net Income, GAAP
15.58%
14.69%
-13.52%
Sales/Revenue/Turnover
8.26%
2.93%
-8.8%
Total Cash Common Dividend
9.79%
14%
10.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,873
1,985
2,132
2,056
8,045
2025
1,845
1,802
1,875
1,815
7,337
2026
1,592
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.09
0.09
0.09
0.34
2025
0.08
0.08
0.07
0.07
0.3
2026
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.06
0.23
2025
- -
- -
- -
0.06
0.26
2026
- -
- -
- -
- -
- -
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Business
Gas Malaysia Berhad (GASMSIA:KL) operates as Malaysia's leading natural gas distribution company, selling, marketing and distributing natural gas to over 1,077 industrial customers, 2,010 commercial customers and 22,032 residential customers across Peninsular Malaysia; it also supplies liquefied petroleum gas (LPG) through reticulation systems, compressed natural gas via virtual pipeline systems, cogeneration energy efficiency solutions and emerging renewable energy options such as biomethane conversion. The company develops, operates and maintains an extensive natural gas distribution system (NGDS) comprising approximately 2,900 kilometers of pipelines, pressure regulating stations and digital monitoring infrastructure, serving sectors including rubber products, food and beverage, chemicals, glass, fabricated metals and hospitality. Founded in 1992 and headquartered at No. 5, Jalan Serendah 26/17, Seksyen 26, Shah Alam, Selangor, Gas Malaysia conducts all principal operations within Peninsular Malaysia through subsidiaries including Gas Malaysia Retail Services Sdn. Bhd., Pelantar Teknik (M) Sdn. Bhd., Gas Malaysia Ventures Sdn. Bhd. and Gas Malaysia Green Ventures Sdn. Bhd. Major shareholders include MMC Corporation Berhad (30.9%), Tokyo Gas Mitsui (18.5%) and Petronas Gas (14.8%). In recent strategic developments, the company launched its 10-year GM32 Strategy to reinforce core natural gas operations, explore opportunities along the gas value chain and diversify into cleaner energy solutions, including plans to expand the NGDS network by an additional 800 kilometers over the next five years with an investment of RM1.2 billion to RM1.4 billion in alignment with Malaysia's National Energy Transition Roadmap; additionally, in April 2024, its subsidiary Gas Malaysia Green Ventures signed a memorandum of collaboration with FGV Palm Industries Sdn. Bhd. to acquire purified biogas for biomethane production, strengthening its green gas initiatives.