KUALA LUMPUR (Feb 26): Tenaga Nasional Bhd’s (TNB) (KL:TENAGA) net profit more than doubled to RM1.68 billion for the fourth quarter ended Dec 31, 2025 (4QFY2025) compared with RM642.30 million a year earlier.
Quarterly revenue grew 22.4% to RM17.60 billion from RM14.38 billion previously, driven by a 23.1% rise in electricity sales and demand growth of 4.8%, primarily from the commercial sector.
Its profit was driven by foreign exchange gains and lower taxation, a bourse filing on Thursday showed.
Earnings per share expanded to 28.76 sen in the quarter under review from 11.07 sen a year earlier.
In view of the stellar performance, the utility group declared a final single-tier dividend of 28 sen per share, raising its total dividend for FY2025 to 53 sen per share — the highest in five years, compared with 51 sen per share in FY2024.
The total annual dividend of RM1.63 billion translates into a dividend payout ratio of 97.4%.
For FY2025, net profit increased 19.8% to RM4.77 billion from RM3.98 billion in FY2024, as full-year revenue rose 19.4% to RM67.72 billion from RM56.74 billion.
TNB, which is principally engaged in the generation, transmission and distribution of electricity in Malaysia as well as having a presence in the UK, Kuwait, Ireland and Australia, said it expects to sustain stable earnings performance in 2026 under the Incentive-Based Regulation framework.
"In pursuing business growth, the group will continue to take prudent operational and financial measures to remain resilient while remaining cautious of challenges including geopolitical uncertainties," it said.
TNB's share price was unchanged at RM14.18 on Thursday, valuing the group at RM82.66 billion. The stock is up 2.9% so far this year.