Tenaga Nasional Berhad

Tenaga Nasional Berhad

TNABY
Tenaga Nasional BerhadUS flagOther OTC
12.85
USD
- -
- -
18.73BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
26.66
30.33
30.68
31.56
33.52
35.52
35.83
30.88
33.66
35.46
36.78
39.13
46.51
48.19
Basic EPS, GAAP
3.85
4.58
4.34
5.22
4.88
2.62
3.19
2.52
2.56
2.41
1.92
2.74
3.27
3.12
Free Cash Flow per Basic Share
0.8
0.31
0.76
1.52
0.03
1.23
6.12
6.04
3.45
0.56
15
7.72
-0.3
-0.57
Dividend per Share
1
1
1.16
1.16
1.56
2.07
2.12
3.68
3.2
1.52
1.65
1.6
1.66
0.62
Book Value per Share
6.68
7.66
8.36
9.28
10.09
10.17
10.2
9.79
9.89
10.17
8.46
8.57
8.71
8.78
Tangible Book Value per Share
6.68
7.66
8.34
9.25
10.05
10.13
10.15
9.71
9.81
10.07
8.25
8.41
8.59
8.66
Basic Weighted Avg Shares
1,393
1,411
1,411
1,411
1,415
1,419
1,422
1,424
1,429
1,435
1,443
1,450
1,456
1,457
Sales/Revenue/Turnover
37,131
42,792
43,287
44,532
47,417
50,392
50,940
43,976
48,120
50,868
53,067
56,737
67,723
70,189
Operating Margin (%)
15.43
16.31
19.31
19.93
19.28
13.72
15.13
16.44
17.67
17.54
12.55
13.08
11.7
12.3
Depreciation Expense
4,540
4,872
5,294
5,722
6,105
6,491
10,189
10,622
10,692
11,402
11,266
11,232
11,986
- -
Net Income, GAAP
5,356
6,467
6,118
7,368
6,904
3,724
4,529
3,593
3,662
3,463
2,770
3,978
4,768
4,538
Effective Tax Rate (%)
9.15
9.67
15.04
9.25
16.54
25.79
18.85
14.61
18.44
33.49
22.82
31.05
22.78
22.11
Profit Margin (%)
14.43
15.11
14.13
16.54
14.56
7.39
8.89
8.17
7.61
6.81
5.22
7.01
7.04
6.47
Working Capital
6,698
6,544
3,203
10,671
8,316
8,984
1,952
-999
-194
7,459
1,494
-651
-8,071
-3,241
LT Debt
26,921
29,263
28,887
38,242
42,027
48,560
69,835
68,514
70,829
80,758
82,317
76,702
75,039
81,557
Total Equity
37,971
43,459
47,467
52,600
57,579
59,052
59,282
57,450
58,392
60,966
51,245
52,011
52,974
53,382
Return on Invested Capital (%)
8.2
8.92
9.25
9.47
7.94
4.87
5.11
4.61
5.14
4.07
3.41
3.54
4.32
4.52
Return on Capital (%)
9.68
10.37
9.09
9.76
8.28
4.51
5.96
4.94
4.78
4.21
4.2
4.84
5.62
5.13
Return on Common Equity (%)
14.39
15.98
13.53
14.79
12.61
6.48
7.82
6.31
6.51
6.02
5.15
8.05
9.48
8.1

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,530
15,029
10,577
LT Borrowings
47,134
48,272
53,143
LT Finance Leases
27,905
28,745
28,414
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,829
5,829
5,829
Market Capitalization
346,431
325,732
346,684

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
28,516
31,697
32,936
Cash, Cash Equivalents & STI
12,207
16,047
15,443
Accounts Receivable, Net
2,580
6,621
7,910
Inventories
2,562
2,331
2,510
Total Current Liabilities
36,588
39,226
36,177
Payables & Accruals
- -
- -
- -
ST Debt
14,530
15,029
10,577
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.36%
-1.31%
1.85%
Free Cash Flow
743.04%
463.22%
-103.93%
Net Income, GAAP
0.9%
7.99%
19.86%
Sales/Revenue/Turnover
4.88%
9.15%
19.36%
Total Cash Common Dividend
- -
-10.9%
4.03%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13,640
14,367
14,352
14,378
56,737
2025
16,039
16,835
17,250
17,600
67,723
2026
17,104
18,236
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
1
1
0.44
2.74
2025
0.73
0.8
0.6
1.15
3.27
2026
0.75
0.61
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.48
1.6
2025
- -
- -
- -
0.62
1.66
2026
- -
- -
- -
- -
- -

Company Description

CEO
Shamsul Bin Ahmad
Full Time Employees
35,476
Sector
Utilities
Industry
Regulated Electric
Address
TNB Platinum Kuala Lumpur WP Malaysia 59100
IPO Date
Jun 6, 2007
Website
tnb.com.my
Business
Tenaga Nasional Berhad engages in the entire electricity value chain, encompassing power generation, transmission infrastructure, distribution networks, and electricity sales within Malaysia and globally. The company manages and operates both thermal power stations and extensive hydroelectric generation facilities, while also collaborating with independent power producers. It is also responsible for the operation and maintenance of Malaysia's National Grid, which is interconnected with the transmission systems of Thailand and Singapore. Additionally, the company provides essential fuel and coal for its power plants; generates, supplies, trades, and sells various energy sources alongside offering specialized technical expertise; develops integrated district cooling solutions; and undertakes co-generation operations and maintenance. Its manufacturing activities include the production, sale, and repair of distribution, power, and earthing transformers; the development, ownership, and management of dry bulk terminals; and the assembly, manufacturing, testing, reconditioning, and distribution of high and medium voltage switchgears and control gears for electrical power transmission and distribution. Furthermore, Tenaga Nasional Berhad delivers turnkey contracting for transmission substations; offers repair and maintenance services to heavy industries and other related sectors; provides operational and maintenance services for telecommunication equipment and data centers; delivers higher education through Universiti Tenaga Nasional, alongside telecommunication and IT infrastructure solutions and services; and conducts research and development across engineering, information technology, business, accountancy, and liberal studies, in addition to offering various training programs. The company also provides insurance and reinsurance products, manages motor vehicle parking facilities, and delivers technical, laboratory, and consultancy services. It manufactures and distributes power and general cables, as well as aluminum rods, and operates wind energy assets internationally. The primary beneficiaries of its services are commercial, industrial, and residential customers. Established in 1949, the company maintains its headquarters in Kuala Lumpur, Malaysia.

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