Tenaga Nasional Berhad reported a robust core profit of MYR 3.26 billion for the first nine months of FY 2025, reflecting strong operational performance and strategic progress in the energy transition.

Key takeaways

• Core profit increased 13.6% year-on-year, driven by operational efficiencies and improved performance in all four business pillars.
• Regulated CapEx of MYR 38.3 billion deployed to enhance grid reliability and support demand growth.
• Growth in the electric vehicle (EV) sector, with over 5,000 EV touchpoints generating approximately MYR 5 million in revenue.
• Transitioning to the AFA mechanism has improved cash flow by at least 2%, enhancing financial planning.
• Strong visibility for future generation growth supported by government capacity expansion plans of 1,262 megawatts across three power stations.

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