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  2. •

    Utilities

  3. •

    Electric utilities
Malakoff Corporation Bhd

Malakoff Corporation Bhd

MMYX:MALAKOF
0.76
MYR
+0.01
(+0.67%)
79.91P/E
Nov 24Next Earn
Malakoff Corporation Bhd
MYX:MALAKOF
(Bursa Malaysia)

Recent

price

0.76

P/E

ratio

79.91

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
MYR
1.44
1.59
1.56
1.32
1.56
1.17
1.22
1.43
1.46
1.49
1.28
1.32
2.12
1.86
1.84
1.48
1.32
Revenue per Share
0.04
0.13
0.13
0.05
0.1
0.1
0.07
0.06
0.06
0.07
0.06
0.05
0.06
-0.17
0.05
0.02
0.01
Basic EPS, GAAP
0.44
0.7
0.02
-0.25
0.3
0.1
0.38
0.48
0.34
0.44
0.34
0.34
-0.05
0.29
0.18
0.24
0.07
Free Cash Flow per Basic Share
0.05
0.05
0.05
0.05
0.06
0.08
0.06
0.06
0.06
0.06
0.07
0.05
0.05
0.04
0.04
0.04
0.01
Dividend per Share
0.63
0.71
0.76
0.78
0.78
1.15
1.18
1.33
1.32
1.29
1.25
1.27
1.3
1.08
1.09
1.05
1.05
Book Value per Share
-0.52
-0.36
-0.34
-0.23
-0.16
0.31
0.44
0.66
0.69
0.54
0.57
0.66
0.76
0.59
0.66
0.65
0.66
Tangible Book Value per Share
3,582
3,582
3,582
3,582
3,582
4,531
5,000
5,000
4,932
4,887
4,887
4,887
4,887
4,887
4,887
4,887
4,887
Basic Weighted Avg Shares
5,174
5,692
5,588
4,717
5,594
5,302
6,098
7,130
7,185
7,278
6,276
6,463
10,355
9,067
8,970
7,209
6,445
Sales/Revenue/Turnover
22.02
23.88
20.32
16.84
21.02
23.33
21.54
16.16
12.99
21.21
13.93
12.97
12.23
-2.86
7.1
4.13
5.83
Operating Margin (%)
913
878
876
941
1,070
1,160
1,396
1,313
1,134
1,180
1,230
1,260
1,264
1,118
1,073
1,143
- -
Depreciation Expense
128
459
469
162
342
452
355
296
274
323
287
260
302
-837
269
96
51
Net Income, GAAP
- -
12.55
22.21
- -
30.67
29.4
36.31
36.83
45.58
30.98
25.76
35.03
47.62
- -
32.24
25.17
40.7
Effective Tax Rate (%)
2.47
8.07
8.4
3.42
6.11
8.53
5.83
4.15
3.82
4.44
4.57
4.03
2.92
-9.23
3
1.33
0.79
Profit Margin (%)
2,829
2,730
4,804
3,633
4,100
4,446
4,131
4,734
4,825
4,018
3,095
2,628
2,903
2,733
2,427
1,662
1,886
Working Capital
11,817
10,815
14,221
16,612
17,493
16,625
15,626
14,180
13,285
10,871
9,694
8,571
7,784
7,890
7,033
6,579
6,762
LT Debt
3,409
3,850
4,128
4,139
4,139
5,980
6,117
6,879
6,664
6,675
6,445
6,507
6,696
5,547
5,544
5,390
5,379
Total Equity
- -
7.24
4.98
- -
3.75
3.87
3.59
3.16
2.28
5.18
3.56
3.23
4.14
- -
3.1
1.7
1.68
Return on Invested Capital (%)
- -
7.65
5.69
- -
4.1
4.23
4.03
3.78
3.13
4.13
4.35
3.89
3.34
- -
4.05
3.05
2.18
Return on Capital (%)
4.01
13.67
12.8
4.2
8.72
9.34
6.09
4.71
4.19
5.07
4.62
4.23
4.81
-14.37
5.07
1.84
0.98
Return on Common Equity (%)

Capital Structure

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
801
1,008
903
LT Borrowings
6,557
6,404
6,752
LT Finance Leases
23
13
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,887
4,887
4,887
Market Capitalization
3,958
3,861
4,081

Working Capital

MYR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,890
4,212
4,970
Cash, Cash Equivalents & STI
2,046
1,903
1,949
Accounts Receivable, Net
364
1,422
2,006
Inventories
992
870
982
Total Current Liabilities
2,227
2,653
3,084
Payables & Accruals
- -
- -
- -
ST Debt
801
1,008
903
Deferred Revenue
- -
- -
- -

Growth Rates

MYR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.78%
-3.22%
-2.78%
Free Cash Flow
-50.33%
-162.55%
33.62%
Net Income, GAAP
-60.54%
-113.28%
-64.25%
Sales/Revenue/Turnover
5.03%
6.01%
-19.62%
Total Cash Common Dividend
-5.7%
-11.57%
-1.61%

Quarterly Revenue

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,280
2,308
2,219
2,163
8,970
2025
2,028
2,020
1,691
1,471
7,209
2026
1,374
1,910
- -
- -
- -

Quarterly Earnings Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.02
0.02
0.01
0.05
2025
0.01
0.01
0.01
-0.01
0.02
2026
- -
0.01
- -
- -
- -

Quarterly Dividends Per Share

MYR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.02
0.04
2025
- -
- -
- -
0.01
0.04
2026
- -
- -
- -
- -
- -
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Business
Malakoff Corporation Berhad (MalakoffCorp, ticker: 5264.KL) is an investment holding company engaged in the development, ownership, operation, and maintenance of power plants and related infrastructure. The company operates through three main segments: Power Generation, which includes gas-fired, coal-fired, and solar power plants; Engineering, Procurement, Construction, and Commissioning (EPCC) services for energy projects; and others encompassing water desalination, district cooling, and green technology initiatives such as biomass and waste-to-energy solutions. Its core offerings feature independent power producer (IPP) contracts for baseload electricity supply, renewable energy portfolios including solar farms and hydro projects, and operation & maintenance (O&M) services for thermal and alternative energy facilities; key brands and assets include the Lumut Power Plant, Tanjung Bin Power Plant, and Segari Independent Power Plant in Malaysia, alongside international stakes in Saudi Arabia and Bahrain. Founded in 1994 and headquartered in Kuala Lumpur, Malaysia, Malakoff serves utility companies, industrial clients, and government entities primarily in the Asia-Pacific region, with power generation capacity exceeding 10 gigawatts across domestic and international operations in the Middle East. The company targets wholesale electricity markets, off-take agreements with national grids, and emerging green energy sectors driven by net-zero transitions. It maintains subsidiaries like Malakoff International Ltd for overseas ventures and Alam Mara Sdn Bhd for support services, operating without a listed parent company. In the last two years, Malakoff has pursued strategic expansions including the launch of new solar photovoltaic projects under the Large Scale Solar (LSS) program, such as the 50MWp Kerian Solar PV Plant operationalized in 2024; formed a joint venture partnership with ENGIE for hybrid renewable energy developments in Malaysia announced in early 2025; and secured a major RM2.5 billion funding facility in 2024 to refinance assets and support green initiatives. Additionally, the company completed the acquisition of minority stakes in key power assets from MRCB in 2023, enhancing ownership control, and announced a corporate rebranding to MalakoffCorp in late 2024 to reflect its evolution into a sustainable energy leader amid Malaysia's energy transition roadmap. These moves position Malakoff for growth in renewables, targeting 2GW of green capacity by 2030 while optimizing its thermal portfolio for reliability.